Irans intelligence ministry has issued a statement saying it has dismantled a major illegal foreign currency trading group amid efforts in the country to control an exchange market where prices have fluctuated in recent months mainly over speculations about the future of Iran-US relations. Leading members of the extensive network of scam and disruption ...

MNA The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced that the central bank is not intended to omit Iran's domestic Foreign Exchange Management Integrated System (locally known as NIMA) from domestic forex trade market. Calling NIMA the pivot of domestic forex transactions, Hemmati underlined that the system will not be ...

Bourse and Bazaar | Esfandyar Batmanghelidj: On Monday, the Iranian rialsank to a historic low.But those Iranians who scrambled to convert their rials into dollars found it difficult to do soas they have for months. Since April, reports on the accelerating crisis have consistently noteda lack of hard currencyavailable at Irans exchange bureaus. This ...

IRNA Iran's Assembly of Experts in a statement on Monday announced that the vigilant Iranian nation does not let ill-wishers and saboteurs create disturbance to the public order and security. Referring to the 'present sensitive conditions' in the country, the senior deliberative body that is in charge with designating and dismissing the Supreme Leader ...

IRNA President Hassan Rouhani said the forex rate of 42,000 rials will be for essential goods. In a live televised address, President Rouhani said the list of essential goods covered by the official forex rate will be announced later. He said the cabinet has agreed to strictly monitor the process of spending the forex of 42,000 rials up to the ...

IRNA Cabinet session headed by President Hassan Rouhani on Sunday reviewed proposals of Central Bank of Iran to reorganize foreign exchange market, announcing that all basic commodities and pharmaceuticals will be provided at rate of 42,000 rials. The Cabinet session also tasked Ministry of Industry, Mine and Trade to update the list of the said ...

IRNA Members of Iran's Majlis (Parliament) behind the closed doors on Sunday reviewed the country's recent economic problems and the new foreign exchange package proposed by the Central Bank of Iran (CBI). A report on the economic situation and the instability in the forex market in the country was also presented to the MPs by Majlis Speaker Ali ...

Financial Tribune- The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official as saying. In response to the sudden hike in foreign exchange rates in early April, which saw the rial trading at 62,000 to the dollar,...

Financial Tribune- The Central Bank of Iran has asked outbound travelers to postpone their trips until new reforms in forex policies are fully enforced. Valiollah Seif, the CBI governor, made the statement in a talk with reporters on the sidelines of the inauguration of the Forex Deals Integrated System, IRNA reported. He, however, noted that "the ...

IRNA Iran's banking relations with the European countries are underway in euro with no problem, Iran's Minister of Finance and Economic Affairs Ali Tayyebnia said on Monday. As for Iran's forex exchange in dollar, the minister said there are restrictions to this end but the existing problems are not related to the nuclear sanctions but to the bans ...