New foreign exchange rules have quite confused both exporters and importers in Iran. In order to keep the supply of foreign currencies in the country, the Central Bank of Iran has requested all exporters to […]
The economy of Iran was witness to a number of events this week. The new Governor of the Central Bank, Nasser Hemati began work this week and Valiollah Seif handed over the position. Mr. Seif […]
The Central Bank of Iran has released a list of businesses which have received US dollars at the 42000 IRR per USD currency exchange rate. The list was published after numerous companies received foreign currency […]
This week, the Central Bank announced that travelers abroad can carry up to 5000 euros in cash out of the country and sums greater than 5000 euros must be declared at the airport or border. […]
The Securities and Exchange Organization (SEO) announced a new cap for the investment funds; the new funds must start with an initial capital of 5000 billion IRR ($119) and they can increase their fund only […]
In a ceremony introducing the NIMA currency system, Vice President, Eshaq Jahangiri emphasized the Government’s decision to control the currency market even if some people may be planning to disrupt financial stability. He mentioned the […]
A week ago, the government set a unified market rate for the US dollar, after decades, which could be seen as a positive development. However, the rate at 42 thousand IRR per USD seems unrealistic […]
“Solving the banking crisis is the priority for us now, our No. 1 problem, and we have to resolve it,” quotes Bloomberg Teymur Rahmani, professor of economics at the University of Tehran, in an article […]
As soon as the new year holidays were over, devaluation of Rial was resumed. The exchange rate for one USD at market price reached 62000 IRR, making the gap between the unofficial and official exchange […]
Mehr Eqtesad Financial Institute and Samen Credit Institution will be merged into Ansar Bank. Hamshahri announced the end of the first phase disbanding illegal financial institutions by the end of the month. In the second […]
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