Mechanism for Transfer of Forex Between Iran, Oman Being Operationalized
Undersecretary for Commerce and Industry at the Ministry of Commerce, Industry and Investment Promotion of Oman Mr. Saleh bin Said Masan in meeting with Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Gholam-Hossein Shafei announced talks between central banks of both countries for finding ways for transfer of forex and financial transactions.
Iran Accessible Forex Reserves Exceed $41b in 2022
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, citing data released by the International Monetary Fund (IMF).
Iranians’ Per Capita Declined by 32% in Last Decade
Deputy Finance Minister Hadi Sobhanian says per capita of Iranians in the past decade has declined by 32% and it bespeaks of one decade of economic pressure on the people.
Iran’s Integrated Forex Market launches Ruble/Rial currency pair
Iran’s Integrated Forex Market has launched the Ruble/Rial currency pair in its trades, IRNA reported.
Forex Price Continuing Its Downward Trend
The Governor of Central Bank of Iran Akbar Komijani says the country in recent days has seen the decline in the forex rate in the market as a U.S dollar is being currently traded at around 260,000 rials while it had hit 280,000 rials.
IMF corrects estimate about Iran forex reserves: CBI
The International Monetary Fund (IMF) has corrected its wrong estimate about the amount of Iran’s foreign exchange reserves in an official note sent to the Central Bank of Iran (CBI), says a CBI statement.
Launching Trade Centers in Countries Best Way to Boost Exports
Head of Iran-China Joint Chamber of Commerce Majid-Reza Hariri says in order to improve exports, Iran trade centers should be launched in countries as venues for barter of forex between exporters and importers.
Iran Needs to Double Its Exports to Meet Its Forex Demands
Chairman of Iran-China Joint Chamber of Commerce Majid-Reza Hariri says if Iran cannot double its current export level in the upcoming years, the country will face with foreign currency crisis.
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.
CBI Urges Exporters to Repatriate Hard Currency Earnings
Iran's Central Bank Governor Abdolnaser Hemmati on Sunday said exporters who have not transferred their foreign currency earnings to the government FOREX system will be summoned for explanations.