CBI to control forex market more through new monetary policy

TEHRAN- The governor of Central Bank of Iran (CBI) said the bank is controlling the forex market and plans to strengthen this control through a new monetary policy, IRIB reported.

Stability to come back to forex market: CBI governor

TEHRAN- The governor of the Central Bank of Iran (CBI) said that the bank will bring stability back to the forex market, IRIB reported.

By Mahnaz Abdi

Forex market stabilized, rial soaring

Forex market in Iran has been experiencing many ups and downs after the U.S. withdrew from Iran’s nuclear deal (known as JCPOA) in May 2018.

‘Forex market under CBI’s control, passing temporary turbulence’

TEHRAN- Foreign currency exchange market is under the control of Central Bank of Iran (CBI) and the temporary turbulence will pass, Tasnim news agency reported on Thursday quoting CBI Governor Abdolnaser Hemmati as saying.

‘Integrated forex market to be launched in a month’

TEHRAN- The chairman of the Economic Committee of Majlis announced that an integrated forex market will be launched in the country by the end of current Iranian calendar month of Khordad (June 21), IRNA reported.

Iran to launch organized forex market next week: fin. min.

TEHRAN- Iranian finance and economic affairs minister announced that an organized forex market will be launched in the country in the next week, IRNA reported on Friday.

5 arrested for disrupting forex market

TEHRAN – Iranian intelligence forces have arrested 5 members of a group for disrupting the foreign currency market.

Iran arrests 25 for disturbing forex market

TEHRAN – The Intelligence Ministry announced on Monday that it had arrested 25 members of two criminal networks that had infiltrated into Iran’s banking and foreign currency systems.

40 forex market disruptors detained

TEHRAN – Forty suspects were detained on Monday as part of the Judiciary’s crackdown on disruptors of foreign currency market.

196 detained over disrupting forex market

TEHRAN – Judiciary spokesman Gholam-Hossein Mohseni-Eje'i said on Sunday that 196 suspects have been detained in Tehran in the past few days over smuggling and corruption in foreign currency market.

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.

Central Bank forex director arrested

TEHRAN – The director of the foreign exchange office at the Central Bank of Iran was arrested on Sunday, local sources said.

Iran forex exemptions to secure handicraft exports

TEHRAN – Iranian exporters of handicrafts are no longer required to exchange their export currencies at the Forex Management Integrated System, locally known as NIMA.

By Haniyeh Sadat Jafariyeh

Taming the runaway forex market

When rial finished its four-month decline sliding to a record low of 60,000 rials against the dollar on Monday from 43,000 rials in early January, the administration eventually made the long-waited serious decision to curb the rampant foreign exchange market by unifying the official and open market exchange rates.

By Haniyeh Sadat Jafariyeh

Foreign currency jump rears ugly head in domestic production, exports

The new Iranian year, which began on March 21, has been named by Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei as the year of “Support for Iranian Products”. In general, supporting national products is expected to improve the level of Iran’s exports, however, regarding the current conditions at domestic foreign exchange market, puts the idea under some disputations.

By Haniyeh Sadat Jafariyeh

Dollar in doldrums

Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to be the biggest crackdown on foreign exchanges in six years.

Cabinet approves plan for controlling forex market

TEHRAN- Iranian cabinet, on a Wednesday meeting headed by President Hassan Ruohani, approved the Central Bank of Iran(CBI)’s suggested plans and measures to be taken for controlling domestic foreign exchange market, IRNA reported.