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Rial

Central bank vows currency measures to shore up sliding rial

Central Bank of Iran announced measures on Thursday to stabilize the currency after the rial weakened to about 1,180,000 per US dollar on the unofficial market in Tehran, with traders also quoting the euro at 1,386,500 rials and the pound at 1,591,200.

Iran Economy

Parliament commission approves currency reform plan to slash four zeros from rial

A key committee of Iran’s parliament has approved a motion to reform the country’s national currency by removing four zeros from the rial and reviving an old currency subdivision known as the qiran, a senior lawmaker said on Sunday.

Financial Markets

Iran set to launch CryptoRial soon: Central bank governor

Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin has announced the country’s plan for launching a digital currency, named CryptoRial, in the near future.

Financial Markets

Iranian financial markets gain despite Zionist airstrikes

Iranian officials have downplayed a predawn attack by the Zionist regime on military targets in Tehran and other Iranian cities as ‘restricted’, which has caused the country’s financial markets to gain after weeks of fears about a Zionist response to Iran’s major missile attack on the Israeli-occupied territories.

Financial Markets

Iranian markets regain after slight reaction to regional tensions

Different financial markets in Iran improved on Sunday after they witnessed a slight fall on the opening day of the Iranian week on Saturday.

Financial Markets

Iran’s central Bank unveils CryptoRial

The Central Bank of Iran (CBI) has unveiled the CryptoRial, a central bank digital currency, which says can lead to the removal of bank notes for small payments.

Financial Markets

Iran Central Bank looking into piloting digital currency

The Central Bank of Iran (CBI) says it is planning to introduce a digital currency (CBDC) to facilitate purchases for the clients of the banking network in the country.

Financial Markets

Iran to use offshore rial in exchanges with Russia soon

Governor of Iran Central Bank (CBI) Mohammadreza Farzin has urged the need for prioritizing the use of offshore rial in trade exchanges with Russia as he said the operational measures have been finalized in this regard.

Iran Chamber

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 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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