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Foreign Currency Archives - Iran News Daily
Estimated $50b in Household Foreign Currency Holdings in Iran 16 Feb 2025

Estimated $50b in Household Foreign Currency Holdings in Iran

TEHRAN - According to Mohammad Reza Pour-Ebrahimi, a former member of parliament, an estimated $40 to $50 billion in foreign currency is held by Iranian households. He stated that if these funds were directed into production sectors, they could significantly address Iran’s financial needs.

Iran’s accessible foreign currency reserves exceed $41b in 2022: IMF 23 Aug 2022

Iran’s accessible foreign currency reserves exceed $41b in 2022: IMF

Iran’s official accessible foreign currency reserves have increased significantly in 2022, registering a more than 94 percent rise to exceed $41 billion, Tasnim News Agency reported on Sunday, citing data released by the International Monetary Fund (IMF).

Rouhani: Iran to Use Foreign Assets Held Abroad to Balance Market 22 Jul 2020

Rouhani: Iran to Use Foreign Assets Held Abroad to Balance Market

Iran President Hassan Rouhani unveiled plans to use the foreign currency reserve assets held in other countries in order to balance the currency prices at home.

Iran, Iraq to Agree on Foreign Currency Deal 21 Jul 2020

Iran, Iraq to Agree on Foreign Currency Deal

Iraq and Iran are on the verge of finalizing a foreign currency agreement which will inundate Iran's market with several million US dollars in the near future.

President Rouhani: US Plotting to Disrupt Forex Market 09 Jul 2020

President Rouhani: US Plotting to Disrupt Forex Market

Iranian President Hassan Rouhani said on Thursday that the US has hatched new plots to harm Iran’s economy by disrupting the country’s forex market.

Iran to impose cap on carrying foreign currencies 09 Jun 2020

Iran to impose cap on carrying foreign currencies

The Central Bank of Iran (CBI) has imposed a cap on how much individuals can carry foreign cash amid efforts meant to stabilize the foreign currency market in the country.

Rouhani stresses on forex rates control 20 May 2020

Rouhani stresses on forex rates control

Iranian President Hassan Rouhani on Tuesday stressed the need to control the foreign exchange (forex) rates and prevent their hikes.

CBI vows to drive foreign exchange market towards stability 19 May 2020

CBI vows to drive foreign exchange market towards stability

The Central Bank of Iran (CBI) is taking serious steps to establish stability in the market, said its Governor Abdolnaser Hemmati in an Instagram post on Monday.

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 […]

Economy returning to normalcy as a result of CBI proper measures: Hemmati 01 Sep 2019

Economy returning to normalcy as a result of CBI proper measures: Hemmati

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.