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Rial Gains After Trump’s Sickness Hurts Re-election Chances: Report 05 Oct 2020

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 15 Sep 2020

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 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.

Zeroes off, Toman Comes 04 May 2020

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 30 Sep 2019

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 16 Jan 2019

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 09 Sep 2018

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 04 Aug 2018

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 30 Jul 2018

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 […]

Iranian Rial, Chinese Yuan can solve bilateral exchange problems: Seif 09 Jun 2018

Iranian Rial, Chinese Yuan can solve bilateral exchange problems: Seif

Governor of Central Bank of Iran Valiollah Seif pointed to the high volume of trade between Iran and China, saying that using Rial and Yuan can overcome problems regarding monetary exchanges. “Regarding the volume of bilateral trade, the use of appropriate payment mechanisms, such as the use of local currencies, can solve financial transactions and […]