EghtesadOnline: Unprecedented volatility in the currency market over the last 15 months is adding financial pressure on private electricity producers and most are on the verge of bankruptcy, head of the board of directors of the Power Generation Companies Syndicate said Tuesday.
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: Over the past decade, goods and services in Iran suffered at least two bouts of price shocks following unprecedented volatility in the currency market due to foreign economic sanctions.
EghtesadOnline: Stocks sold off on Tuesday for a second session as investors digested the negative effects of the drop in foreign exchange rates. This comes as some analysts warn that the herd behavior of investors in response to forex fluctuations is not backed by fundamental reasons due to the multiple exchange rate system.
EghtesadOnline: In the wake of the government authorization to the Central Bank of Iran to intervene in the foreign exchange market, the head of Majlis Economic Affairs Commission Mohammad Reza Pour-Ebrahimi said the measures should help curb volatility and restore stability to the market.
EghtesadOnline: Volatility once again reigned in the Iranian stock markets during the last week. Indices went sky-high with a news and nosedived at another.
EghtesadOnline: In a world of overpriced assets there's one thing that keeps going on sale: volatility.