Iran Currency News

Currency rates have been rising in Iran’s open market amid the negative psychological climate created by the ongoing political developments and investors’ uncertainty about what the future holds…

If there has been an acute need for structural reforms and fiscal probity in Iran it is now. Much has been said and written about the role, compulsion and significance of transparency and…

Since the beginning of the current fiscal (March 21) over 2.2 billion has been sold via the Integrated Forex Deal System, locally known as Nima, the Central Bank of Iran reported.  Nima is…

Amid the upbeat in the Tehran stock market, gold and currency closed the week bullish despite decline in international gold prices.  The US dollar briefly climbed above the resistance…

The regulated foreign exchange market that is slated to commence work by mid-May has already launched its pilot trade.  According to details provided by IBENA website -- affiliated to…

Despite apprehensions that currency rates would soar after US announcement on Monday that it was ending sanction waivers on Iran oil importers, the forex market response to the news remains…

After undergoing a correction phase on Wednesday, stocks soared again on Saturday to break another record. The main gauge of Tehran Stock Exchange, TEDPIX, rose 4,464 points and lifted the index…

Tehran Stock Exchange lost close to 1% in Wednesday trade. The TSE’s main index, TEDPIX, shed 1,972 points to stand at 199,918 points, dropping below the supportive level achieved barely two…

After recording a whopping growth of 5,700 points on Monday, the main gauge of Tehran Stock Exchange continued its upward movement on Tuesday. TEDPIX recorded a fresh record by entering the 202,…

After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard…

With last week's brief volatility behind, the currency market in Tehran experienced more stability on Saturday. The US dollar, which had surged above the resistance level of 140,000 rials last…

Since the beginning of the current fiscal (March 21) to April 10 an estimated €420 million plus was deposited with Nima (Integrated Forex Rate System). The amount includes both Central Bank of…

Bank-affiliated exchange bureaux are required to cut the cost on money transfers in order to facilitate currency deals in banknote and hawala, the Central Bank of Iran reported on its website.…

Stocks continued their unabated surge on Tuesday, making the benchmark index TEDPIX 2.6% shy of its own historic high. The surge comes as foreign exchange rates remain bullish and a stampede of…

Currency rates and gold prices continued their steady rise in Tehran amid a bull run in the stock market. On Monday the US dollar climbed above the resistance level of 140,000 rials for the…

The governor of the Central Bank of Iran said Sunday that the long-awaited Regulated Foreign Exchange Market will be launched by mid-April.  Rules for launching the first-ever forex market…

President Hassan Rouhani said Monday the policy of subsidizing basic goods will continue in the coming fiscal (starts March 21), but the manner of allocating subsidized currency could…

Iran equity markets witnessed a stellar rally on Sunday and extended their winning streak for the eighth consecutive session. The main gauge on Tehran Stock Exchange TEDPIX soared 1,397.79…

Tehran Province accounted for almost half of the foreign exchange allocated for imported goods in the current fiscal, head of the Industry, Mine and Trade Organization of Tehran Province said.…

The benchmark index on Tehran Stock Exchange closed above the 170,000 mark on Saturday for the first time in four months. TEDPIX soared 2,009.54 points or 1.19% to finish at 171,125.0 and thus…

The acting head of Trade Promotion Organization of Iran says $46 billion in foreign currency has been allocated for imports in the current fiscal. Of this $24 billion was allocated by banks…

The Tehran Stock Exchange registered a stellar performance during the week to March 13, with the benchmark index TEDPIX increasing 6,289 points compared to the previous week. 

Iran's main stock index ended Wednesday's session close to a resistance level that it has held for close to four months, boosted by continued gains for the biggest commodity shares. 

Further to its persistent calls for transparency and doing away with the controversial subsidy schemes, Tehran Chamber of Commerce, Industries, Mines and Agricultures called on the government to…

Iranian stocks rallied as global markets reopened on Monday, prompting the benchmark index on Tehran Stock Exchange to top 167,000 for the first time since the outset of winter. TEDPIX soared 2,…