US dollar stumbles from 4-month high against Iranian rial
The US dollar has tumbled against the Iranian rial amid talks in the Austrian capital Vienna to revive an international deal on the country’s nuclear program.
Rial Gains After Trump’s Sickness Hurts Re-election Chances: Report
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.
Rial Devaluation to End As CBI Resumes Rationing Dollar
Devaluation for the Iranian currency (rial) seems to have come to an end as the Central Bank of Iran (CBI) resumes rationing the US dollar.
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.
Zeroes off, Toman Comes
Iranian lawmakers approved on Monday a monetary bill to shave four zeroes off the national currency.
National currency ‘zeros’ removing will ease transactions: CBI
Iran news quotes the story of removing zero from Rial, told by Irandaily. Removing four zeros from the national currency, the rial, will help facilitate people’s financial transactions, said the governor of the Central Bank of Iran (CBI). In an address to an open session of the Iranian Parliament on Sunday, Abdolnaser Hemmati said that […]
Role of ‘rial’ to be strengthened in global exchanges
Minister of Industry, Mine and Trade Reza Rahmani said that role of Iranian ‘rial’ would be strengthened in financial exchanges with many countries in the world and this issue is of the main macro policies of the government that should be taken into serious consideration. He made the above remark late on Monday among industrialists […]
Rial regaining value against foreign currencies: CBI governor
Iranian Central Bank Governor Abdolnasser Hemmati says that with the CBI’s intervention in foreign exchange market, the rising trajectory of value for Iranian national currency rial has started. The CBI governor made the remarks after a meeting with economy commission of the Iranian Parliament on Sunday, during which important issues relevant to monetary and currency […]
More Azerbaijanis eager to visit Iran as Rial sags
As Azerbaijani national currency Manat gains strength against Iranian Rial, more people from the northern neighboring country are eager to visit Iran. As the Iranian Rial loses its value against foreign currencies, the costs of services and commodities become cheaper for citizens of neigbouring countries such as Iraq and Azerbaijan, sparking a huge increase in […]
Iran’s current economic conditions not permanent
Touching upon the decline of Iran’s Rial value in recent months, Iranian First Vice-President Es’hagh Jahangiri said that these new economic conditions will not be permanent. Saying that the country’s new economic conditions are transient rather than permanent, he added, “if we can manage this situation well and pass through this stage, the country’s economy […]