EghtesadOnline: Coming on the heels of the chaotic forex market, gold prices shot up in Iran on Sunday as the Emami gold reached 161 million rials, rising 5.5 million rials or 3.41% in one day.
EghtesadOnline: Governor of the Central Bank of Iran said whatever the anti-money laundering Financial Action Task Force decides on February 21, the decision will not affect the currency market.
EghtesadOnline: The Central Bank of Iran has developed a new platform, Diba, to supervise open banking operations, says Aboutaleb Najafi, CEO of Informatics Services Corporation, noting that regulated forex market is also planned to function on this platform.
EghtesadOnline: Except for brief volatility in the first weeks of the new fiscal year (started March 2019), the currency market has seen relatively stability throughout the year.
EghtesadOnline: Since the beginning of the current fiscal year (March 20), more than €10.6 billion earned from exporting non-oil goods has been sold through the Central Bank of Iran's secondary forex market, known locally as Nima.
EghtesadOnline: The total value of foreign currencies sold by exporters of non-oil goods at Iran's secondary market amounted to €9.2 billion since the beginning of the current fiscal year (started March 21), €7.86 billion of which have been purchased by importers.
EghtesadOnline: Managing director of the company overseeing the regulated foreign exchange market said Friday’s fire will not have a major impact on the opening of the long-awaited currency market.
EghtesadOnline: A former governor of the Central Bank of Iran says the regulated foreign exchange market would be a significant step by the CBI toward a single rate currency.
EghtesadOnline: Head of the company that will oversee the regulated forex market says the new market will open with the participation of 100 plus money changers.
EghtesadOnline: Listed companies in the Tehran Stock Exchange closed trading day mostly in red on Tuesday as investors were disheartened by the sharp fall in the forex market.