Decline Is the New Norm in Forex, Gold Markets

Currency rates in Tehran were choppy Tuesday with the dollar near the 240,000-rial support level in the free market. 
It lost 4,300 rials or 1.82% to be sold at the lowest price in the past 75 days – ۲۳۷,۵۰۰ rials. Eghtesad News website said the gre…

Currency rates in Tehran were choppy Tuesday with the dollar near the 240,000-rial support level in the free market.  It lost 4,300 rials or 1.82% to be sold at the lowest price in the past 75 days – 237,500 rials. Eghtesad News website said the greenback was lower at 236,500 in the afternoon...

Iran Stock Market: SEO Increases Limit Down Price

The Securities and Exchange Organization will increase the limit down price in the share market from April 21, the SEO head said. 
Following a decision by the SEO board of directors, share prices will spread from -3% to +6% a day as of Wednesday, Mo…

The Securities and Exchange Organization will increase the limit down price in the share market from April 21, the SEO head said.  Following a decision by the SEO board of directors, share prices will spread from -3% to +6% a day as of Wednesday, Mohammad Ali Dehqan-Dehnavi was quoted as saying...

IMF Retracts Iran Forex Reserve Estimate: CBI

The International Monetary Fund rectified its estimation of Iran’s foreign currency reserves after it was questioned by the country’s central bank. 
In an update the IMF said Iran’s “gross official reserves” were $115 billion in 2020, $111 billion h…

The International Monetary Fund rectified its estimation of Iran's foreign currency reserves after it was questioned by the country's central bank.  In an update the IMF said Iran’s "gross official reserves" were $115 billion in 2020, $111 billion higher from the previous forecast, the public...

Online Gold Trade Fraught With Risk

With lockdowns to contain the spread of Covid-19, gold trade has moved to unofficial online platforms lacking proper monitoring, vice president of the Tehran Gold and Jewelry Union said. 
Mohammad Kashti-Aray said some 2,500 jewelers are operating o…

With lockdowns to contain the spread of Covid-19, gold trade has moved to unofficial online platforms lacking proper monitoring, vice president of the Tehran Gold and Jewelry Union said.  Mohammad Kashti-Aray said some 2,500 jewelers are operating online in the capital alone. "They have no...

IranAir to Resume UK Flights on May 6

Flights between Iran and the UK will resume on May 6, as the UK has unveiled a plan to lift its coronavirus restrictions. 
According to the UK government figures, the average number of new daily cases in the country has fallen substantially since th…

Flights between Iran and the UK will resume on May 6, as the UK has unveiled a plan to lift its coronavirus restrictions.  According to the UK government figures, the average number of new daily cases in the country has fallen substantially since the start of the year. "Flights to the UK are...

Forex, Gold Prices Slightly High

The dollar was 0.75% higher Monday in Tehran’s free market to reach 250,100 rials. 
Bank-affiliated exchange shops quoted the greenback at 243,011 rials, 130 rials higher than the previous day’s close. 
The dollar was sold at 240,610 rials at the c…

The dollar was 0.75% higher Monday in Tehran's free market to reach 250,100 rials.  Bank-affiliated exchange shops quoted the greenback at 243,011 rials, 130 rials higher than the previous day's close.  The dollar was sold at 240,610 rials at the central bank’s regulated market, 0.25% higher...

Covid Support for Loan Defaulters

The government has extended repayment deadlines for distressed bank loans of manufacturers for six more months, the vice president for economic affairs said. 
Restructuring bad loans was proposed by a special government taskforce set up to cope with…

The government has extended repayment deadlines for distressed bank loans of manufacturers for six more months, the vice president for economic affairs said.  Restructuring bad loans was proposed by a special government taskforce set up to cope with the economic impact of Covid-19, Muhammad...

IMIDRO Repays $440m in Gov’t Debt

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has repaid 110 trillion rials ($440 million) in debt to the government.
“The payment was made in the last fiscal year (ended March 20) for debt created in the y…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has repaid 110 trillion rials ($440 million) in debt to the government. "The payment was made in the last fiscal year (ended March 20) for debt created in the year before [March 2019-20],"  IMIDRO managing...

Slight Surge in Forex, Gold Prices

Foreign exchange rates rose again on Tuesday with the dollar surging above the critical 250,000 rials level.  
The greenback fetched 250,500 rials gaining 1,700 rials or 0.7%.   The euro gained more than 2,000 rials to reach 299,290 rials, up 0.67% …

Foreign exchange rates rose again on Tuesday with the dollar surging above the critical 250,000 rials level.   The greenback fetched 250,500 rials gaining 1,700 rials or 0.7%.   The euro gained more than 2,000 rials to reach 299,290 rials, up 0.67% while the UK pound sterling was worth 349,770...

$۱٫۷ Billion Given in Marriage Loans

Bank loans to newlyweds climbed to 430 trillion rials ($1.7 billion) in the last fiscal year (March 2020-21), indicating 65% growth compared to the year before. 
Loans went to 823,000 loan applicants, according to the Central Bank of Iran public rel…

Bank loans to newlyweds climbed to 430 trillion rials ($1.7 billion) in the last fiscal year (March 2020-21), indicating 65% growth compared to the year before.  Loans went to 823,000 loan applicants, according to the Central Bank of Iran public relations website.  Marriage loans are interest-...