EghtesadOnline: The rial pares some more of its losses against the US dollar on Tuesday amid a noticeable intervention by the Central Bank of Iran.
EghtesadOnline: The US dollar made one more leap on Saturday extending a rally that has lasted for seven successive sessions. The greenback strengthened close to 5% against the rial in Tehran’s open market, adding 12,000 rials in one day to 252,000 rials.
EghtesadOnline: Major currencies again gained against the rial on Monday with the dollar soaring above the critical 230,000 rials in Tehran’s free market.
EghtesadOnline: Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rials on Saturday.
EghtesadOnline: Major foreign currencies rallied again in Tehran’s open market on Sunday with the dollar bouncing back to 202,000 rials, up 2.5% overnight.
EghtesadOnline: Iran’s national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after tanking to all-time lows on Tuesday.
EghtesadOnline: The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial.
EghtesadOnline: Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000 rials.
EghtesadOnline: The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’.
EghtesadOnline: Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier.