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 […]

Industries

Brief History of Exchange Rate in Iran

  If Iran is determined to get foreign investors in the country, it is essential to offer them a single currency exchange rate.   It is more than five years that the economy is experiencing […]

Industries

Exchange Rates Will Emerge?

There are two exchange rates used in Iran: official rate, 1 USD equal to 30,449 IRR, and market price, 1 USD to 34710 IRR, making the current gap to be 13.9%, almost 3 percentage-points less […]

Week in Brief

Iran Economy in Brief – No. 23

  Banks Must Do Banking Financing remains one of the biggest obstacles for Iranian businesses, particularly for SMEs. Low efficiency in financing system causes the cost of credit provided from banks to be much higher […]