• Steve H. Hanke 2021-08-15 20:42

    By Mohammad Mazhari

    Cryptocurrencies can’t replace currencies: American economist

    TEHRAN - A professor of applied economics at the Johns Hopkins University in Baltimore says that cryptocurrencies can’t replace currencies as they are nothing more than highly speculative assets.

  • افول دلار 2021-05-02 22:23

    Dollar sinks against Iranian rial on hopes of deal in Vienna

    TEHRAN -- The US dollar has hit a new low against the Iranian currency rial mainly on unconfirmed reports suggesting that Iran and major powers would reach a deal in the Austrian capital to revive an international deal on the country’s nuclear program, Press TV reported.

  • Biden MIC 2021/03/26

    By Martin Love

    Biden ain’t cutting it so far…

    On the surface, one might find it disturbing to have to read rumblings that the U.S. is in the too-long process of losing its empire and its privileges and hegemony and even the dollar as a viable and respected reserve currency. But the rumblings are probably true to some degree since they are popping up randomly like clichés and clichés always contain an element of truth or else they’d never have become such.

  • US- China Trade war 2020-01-27 23:30

    Is it a powerful dollar or a declining one?

    Alarm sounding for U.S. economic collapse as Trump is insisting on trade deal with China

    Nowadays, if a country exports one billion euro of its crude oil to a European country, the mentioned billion euro of revenue can be accessible and utilized in the world trade system only and only after its equal dollar-based value has been recognized by the U.S. otherwise the said revenue has no any value in the international markets’ transactions.

  • Mahathir Mohamad 2019-12-20 18:23

    By staff and agency

    Malaysia accepts Iran’s cryptocurrency proposal

    Malaysian Prime Minister Mahathir Mohamad has accepted Iran’s proposal on using cryptocurrency as an alternative to the United States’ dollar.

  • Hassan Rouhani 2019-12-20 16:02

    Rouhani says Muslim world should get rid of dollar domination

    TEHRAN – President Hassan Rouhani suggested on Thursday that the Muslim world should take measures to put an end to domination of the U.S. dollar and financial regime.

  • Charles Michel, the next president of the European Council 2019-11-11 20:39

    By staff and agency

    Next EU chief backs reducing dependence on dollar in defiance of U.S. sanctions on Iran

    Charles Michel, the next president of the European Council, has backed efforts to reducing role of the United States’ dollar and increasing the international role of the euro.

  • The commander of Iran’s Civil Defense Organization Gholamreza jalali 2019-05-28 12:45

    Setting dollar on fire would be attack on enemy’s weak point: civil defense chief 

    TEHRAN – The commander of Iran’s Civil Defense Organization has said if Iranians set to fire dollar bills it would be a direct attack on the enemy’s weak point.

  • Iraq 2019-02-22 21:18

    Iraq to import Iranian energy avoiding U.S. dollar: Iraqi official

    TEHRAN- Iraq is close to finalize a deal for importing Iranian energy despite American sanctions by avoiding the U.S. dollar, an Iraqi official said.

  • Levan Dzhagaryan 2019-02-11 21:29

    Russia, Iran give up dollar in settlement payments, says ambassador

    Moscow and Tehran have given up the dollar in settlement payments and plan to shift completely to national currencies, with euro to be used if there are no other options, Russia’s Ambassador to Iran Levan Dzhagaryan said in an interview with TASS.

  • Abdolnaser Hemmati 2018-12-11 21:18

    ‘Iran ditches dollar in transactions with several countries’

    TEHRAN- Iran has made mutual monetary agreements with some countries on the way to abolish U.S. dollar in its financial transactions and the issue will be incrementally generalized to other countries in future,” the governor of the Central Bank of Iran (CBI) announced in a meeting with Iranian economists on Monday, IRNA reported.

  • Euro 2018-12-07 13:36

    EU plans to do all oil transactions with other states in euros: Iran

    The European Union is going to ditch the US dollar and use its own currency in oil contracts worth 300 billion euros, an Iranian official said, quoting a European commissioner.

  • oil price 2018-12-05 22:52

    By Mahmood Khaghani in association with Chris Cook

    Iran at the crossroad of 1398 budget

    TEHRAN - A journalist called me the other day and requested my opinion with regard to the next Iranian year 1398 budget that it seems the government considers oil prices will be higher than 50 dollars per barrel. I, in turn, asked a Senior Research Fellow at University College London about his prediction with respect to oil market during 2019. He said: "As a wise man said, "It is difficult to make forecasts, especially about the future."

  • Dollar 2018-10-06 22:00

    India mulls dumping dollar in oil trade with Iran, Russia, Venezuela

    TEHRAN - The Reserve Bank of India and Ministry of Finance have been tasked with exploring the viability of rupee and barter-based trade agreements with crude oil producing nations such as Russia, Iran and Venezuela, a report in Economic Times said, citing a government official familiar with the situation.

  • forex market 2018-10-05 20:44

    By Haniyeh Sadat Jafariyeh

    Reactions to rial rally

    Simultaneous with the decrease in foreign exchange rates and regain of rial, commencing as of Monday evening, other markets including gold, mobile phone and auto have shown a green light to the prices decline.

  • zarif 2018-10-03 20:28

    Use of dollar in trade declining, Zarif says

    TEHRAN – Iranian Foreign Minister Mohammad Javad Zarif said on Tuesday that the use of dollar in trade is declining and this has been caused by the U.S. adoption of sanctions against other countries.

  • forex market 2018-10-02 21:01

    By Haniyeh Sadat Jafariyeh

    After repeated record lows, rial recovers unexpectedly

    Following government’s Saturday measure to grant authority to the Central Bank of Iran (CBI) to interfere in the foreign exchange market in defense of the rial, the Iranian currency started to regain incrementally.

  • محمود خاقانی 2018-09-17 12:37

    By Mahmood Khaghani

    EU, Iran clearing the way for business and trade

    The news that Germany, France & UK are actively considering a “Clearing House” to facilitate Iran's global commerce is probably the most important development in financial & energy markets for many years.

  • Abdolnaser Hemmati 2018-09-08 18:12

    Iran joins hand with Russia, Turkey to dump dollar in trade

    TEHRAN – Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies, ILNA reported on Saturday quoting Central bank of Iran (CBI) Governor Abdolnaser Hemmati.

  • India's airport 2018-09-06 00:39

    India to construct 100 airports at $60 billion

    TEHRAN - India plans to construct 100 airports at an estimated cost of $60 billion in the next 10 to 15 years, the country’s civil aviation minister Suresh Prabhu announced on Tuesday.

  • dollar 2018-09-01 17:56

    Iran, Iraq dump dollar in bilateral trade

    TEHRAN- Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Ale-Es’haq announced that Iran and Iraq have dumped dollar for rial, dinar and euro in their mutual financial transactions, Mehr news agency reported on Saturday.