Monday, 29 December , 2025
Currency Archives - Iran News Daily
The New Currency Unit Is an Amusement 28 Dec 2025

The New Currency Unit Is an Amusement

The new national currency unit will still be the “rial,” and the “qeran” has been designated as its subsidiary unit (equivalent to 0.1 of the new rial). Accordingly, the major figures of the 1405 budget have been calculated using the new unit, and the total size of the 1405 budget—taking into account the general government budget, state-owned companies, and collective expenditure budgets—has been estimated at approximately 14,441 billion new rials.

Devaluation of Currency Is a Trick 20 Dec 2025

Devaluation of Currency Is a Trick

The policy of reducing the value of a currency (whether through controlled inflation or expansionary monetary policies) has historically been used as one of the indirect mechanisms for “tuning” or reducing the real burden of debts.

Currency Suppression Undermines Competitive Edge of Knowledge-Based Companies 17 Dec 2024

Currency Suppression Undermines Competitive Edge of Knowledge-Based Companies

Currency Suppression Undermines Competitive Edge of Knowledge-Based Companies TEHRAN (Iran News) TEHRAN – Minister of Economic Affairs and Finance, Abdolnasser Hemmati, highlighted the detrimental effects of currency suppression on the competitive capabilities of knowledge-based companies in the country. Speaking on December 17, 2023, during a press conference held after the signing ceremony of a memorandum of […]

Tehran-Moscow Currency Swap Agreement ‘A Success in De-Dollarization’: Speaker 12 Jul 2024

Tehran-Moscow Currency Swap Agreement ‘A Success in De-Dollarization’: Speaker

The Iran-Russia currency swap agreement has become an example of effective cooperation on the path to de-dollarization, Iranian parliament speaker said at the plenary meeting of the 10th BRICS Parliamentary Forum in Russia's St. Petersburg.

Iran foreign assets rise in last four months of last year 20 Jun 2020

Iran foreign assets rise in last four months of last year

The Central Bank of Iran (CBI) said that net foreign assets held by the bank and Iranian non-banking financial institutions have surged by over a quarter over the year ending March 19.

Iran allows unlimited exchange inflows 16 Jun 2020

Iran allows unlimited exchange inflows

Iran's Supreme Economic Coordination Council allowed unlimited foreign exchange inflows into the country and exempted gold imports from paying tolls and value-added tax.

Majlis Slashes Four Zeros From National Currency 04 May 2020

Majlis Slashes Four Zeros From National Currency

Majlis yesterday passed a bill allowing the government to slash four zeros from the rial, after a sharp fall in the value of the currency.

Convert to Lira, Erdogan Urges People 26 Nov 2019

Convert to Lira, Erdogan Urges People

TEHRAN (Iran News) – President Recep Tayyip Erdogan called on Turks to convert their foreign currency to Turkish lira, asking them to “leave the dollar”. “Leave the dollar and the rest. Let’s convert to our money, the Turkish lira. The Turkish lira doesn’t lose value anymore. Let’s show our patriotism like this,” Erdogan said, World […]

Iran able to make its intl. trade unsanctionable via new monetary treaties 14 Sep 2019

Iran able to make its intl. trade unsanctionable via new monetary treaties

In its latest report titled ‘challenges of and solutions for economic prosperity in year 1398’, Iran's Islamic Parliament Research Center underscores the vitality of making new mutual or multilateral monetary contracts with international trade partners for Iran to skirt SWIFT, which operates under full supervision of the US.

Iran’s exports value to eastern neighbors at over $5bn 22 Jul 2019

Iran’s exports value to eastern neighbors at over $5bn

Deputy Foreign Minister for Economic Affairs Gholamreza Ansari put country’s current exports value to eastern neighboring countries at over $5 to $6 billion.