Rial

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 limits cash withdrawals from banks to prevent money laundering, inflation

The Central Bank of Iran (CBI) has imposed a cap on withdrawal of cash from banks amid toughening of rules on money laundering and also efforts to contain inflation.

Macro Economy

Iran parliament approves plan to cut four zeros from currency

Iran’s parliament has passed a bill allowing the government to slash four zeros from the rial.

Macro Economy

Tehran Chamber of Commerce cautions against undesired currency redenomination results

The idea of removing zeros from the rial has been floated several times in Iran over the past years. This may come true during the two years remaining in President Hassan Ruhani’s tenure. His government drafted a bill to this effect and sent it to the Parliament on Wednesday to be debated.

Financial Markets

Toman: Iran government passes bill to slash four zeros from currency

Tehran has been planning since 2008 to redenominate the national currency as it continued devaluation. Now, the government is pushing the plan forward following the drastic loss of the currency value last year after the restoration of economic sanctions on Tehran in 2018.

Financial Markets