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Rial

CBI to implement monetary pacts with Afghanistan, Russia

The deputy governor of the Central Bank of Iran (CBI) for international affairs said the ground has been paved for the exchange of goods using the Iranian rial with Afghanistan and Russia, which have signed bilateral monetary pacts with Iran.

Financial Markets

Iran private sector welcomes CBI’s introduction of offshore rial

Iran private sector has welcomed a plan by the Central Bank of Iran (CBI) to use offshore rial in trade exchanges with Iraq and Afghanistan.

Iran Chamber

Iran’s currency rallies against US dollar

Iran’s national currency, the rial, is slowly rallying against the US currency, according to reports from the unofficial exchange market in the capital Tehran.

Financial Markets

Iran’s rial gains after historic deal with Saudi Arabia

Iran’s rial has gained against major international currencies after a political rapprochement with Saudi Arabia that unlocked diplomatic channels between the two countries after some seven years.

Financial Markets

Iran’s rial rebounds from historic low

Iran’s rial starts to recoup part of losses it suffered in recent days amid heavier cenbank intervention.

Financial Markets

Iran opens new exchange center as rial hits record low

The Central Bank of Iran (CBI) is launching a new center for exchange of foreign currencies and gold amid efforts to prevent a further decline in the value of national currency the rial.

Financial Markets

Iran’s rial falls on inflation expectations

The Iranian rial has fallen slightly against international currencies amid expectations that a new government plan to overhaul the country’s subsidy system could cause massive price hikes while speculators bet that exchange prices will rise if international talks to revive Iran’s nuclear deal fail to reach a conclusion.

Financial Markets

Iran’s rial dips on speculation over Vienna talks

Iran’s rials has hit a two-year low against major international currencies amid growing speculative fervor in the market about how a new round of talks between the country and world powers on reviving a 2015 nuclear deal will proceed in Vienna in the coming weeks.

Financial Markets

Iran’s rial rebounds on reports about foreign funds

Iran’s currency shows a sign of rebound after unconfirmed reports suggested that Washington authorized transactions on Iranian funds in Iraq and other countries.

Financial Markets

Rial regains as Iran’s CBI puts brakes on dollar

A new wave of devaluation for Iran’s rial seems to have come to an end as the Central Bank of Iran (CBI) resumes rationing the US dollar while it dismantles price restrictions in two government-run exchange markets.

Financial Markets

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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