Week in Brief

Week in Brief 20.04.2018

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 […]

Markets in Brief

Markets in Brief 13.04.2018

The government is struggling to control the exchange rate. At the start of the week, and before the unification of exchange rates, the Mercantile Exchange announced that the price of base metals, gold and copper […]

Week in Brief

Week in Brief 13.04.2018

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 […]

Banking

20 billion USD in currency at Iranian homes

Iran writes of plans to connect Iran’s Shetab banking network to Turkish and Russian banking systems. Mostafa Beheshtiruy, Member of the Board of Directors at Pasargad Bank has said that the project is already underway […]

Uncategorized

Iranians abandon foreign travels

Donya-e-Eghtesad reports the 50% decrease of foreign travels during the Nowrooz Holidays. The article writes that trips to Istanbul and Tbilisi have had 45% and 40% increases in price. A six-night-stay tour to Istanbul for […]

Banking

Tax on purchases for over 5000 USD

Iran quotes the Chief of the Taxation Organization, Seyed Kamel Taghavinejad and writes that currently documents for the purchase and sales of currency over 5000 dollars should be sent to this organization. The law states […]

Banking

Week in Brief 23.02.2018

Tehran to Yasuj flight operated by Aseman Airline was lost 50 minutes after takeoff on Saturday morning. Shortly after, Iran Airports Company confirmed that the aircraft, an ATR 72, a twin engine turboprop, had crashed on […]

Banking

Week in Brief 16.02.2018

Devaluation of Iranian Rial and the fluctuations in Forex market have become the daily, even hourly, topic. On Tuesday, the Police stopped some foreign currencies’ speculators. The Central Bank of Iran said that every evening […]

Banking

Week in Brief 26.01.2018

One of the hottest topics of the week was the exchange rate for the US dollar which reached 47000 IRR on Monday. While exchange offices refused to buy and sell dollars, the Governor of the […]

Week in Brief

Iran Economy in Brief – No 55

Which foreign currency will replace US Dollar in Iranian reports? “Central Bank of Iran will change the currency used in the economic reports from US-Dollar to another foreign currency within the next two months”, announced […]