It’s a particularly busy week ahead on the economic calendar, with 95 stats in focus in the week ending 18th December.
Bullish gold investors received a couple of gifts last week – Democrat Joe Biden was elected president of the United States and the U.S. Federal Reserve reiterated their support for the economy.
Iran’s rial has strengthened against the US dollar in the unofficial market mainly on speculations that US President Donald Trump’s sickness could hurt his re-election chances.
The country’s monetary base expansion in the first half of the current Iranian year was a modest one as he dismisses claims the lender used extra finances to fund imports.
Police have captured seven people in the Iranian capital over disruptive activities in the country’s exchange market.
A slew of current figures supports the trend, as the US dollar's share of trade between Moscow and Beijing dropped to a record low of 46 percent in the first quarter of 2020.
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 […]
TEHRAN – The Governor of Iran’s Central Bank says the country has fully ditched dollar in its trade with Russia and Turkey and most of its trade with those countries are in national currencies and some part in euro.
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said the country uses the national currencies in the trade transactions with Russia and Turkey.
TEHRAN - Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.