Fear and uncertainty: Iranian currency hits all time low
Iranians are feeling the pinch as the rial hits a record low./ Iranian rial loses close to half its value on free market between September and last week/ Currency exchange shops in Vancouver haven't been doing any transfers with Iran for the past few days because the Iranian government has ...
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Iran's Foreign Exchange Market in Chaos
Chaos is still rampant in Iran’s foreign exchange market a week after the Iranian Government artificially set the currency exchange rate at 42,000 rials to the US dollar. This move, which Paris-based economist Fereidoun Khavand as “a very dangerous game”, was an attempt by the Hassan Rouhani ...
Iran switches from dollar to euro for official reporting currency
Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the U.S. currency due to political tension with Washington./ U.S. Dollar and Euro notes are seen in this June 22, 2017 ...
Iran replaces USD with euro in foreign transactions
A close up shot shows Iran's various Rial banknotes, bearing a portrait of Iran's late founder of Islamic Republic Ayatollah Ruhollah Khomeini, next to United States one-Dollar bills bearing a portrait of first U.S. President, George Washington at a currency exchange office in a shopping centre ...
Iranian Events Around the World
We process 500-1000 new events every month using data robots and user/advertiser submissions, and then list them on local maps in bilingual ...
UPDATE 1-Iran switches from dollar to euro for official reporting currency
LONDON, April 18 (Reuters) - Iranian government institutions will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the American currency. The decision was made at a cabinet meeting, ...
After policy shock, Iran says rial will move no more than 5-6 pct a year
LONDON, April 17 (Reuters) - Iran will let its currency move in a range of only 5 or 6 percent against the U.S. dollar each year, its central bank governor said, a week after the government unified official and free-market exchange rates to support the plunging rial. “The rate of 42,000 rials ...
Iran's Foreign Currency Markets In Chaos Despite Central Bank Intervention
One week after the Rouhani administration announced the government-imposed rate of 42,000 rials against every US dollar, chaos and ambiguity in Iran's foreign exchange market continue. In an attempt to control the free fall, the Rouhani administration announced an imposed rate of 42,000 rials to ...
Iranian Events Around the World
We process 500-1000 new events every month using data robots and user/advertiser submissions, and then list them on local maps in bilingual ...
Iran replaces dollar with euro in financial reporting
The Iranian cabinet on Wednesday ordered all state-run organizations and companies to replace U.S. dollar with euro in reporting their financial statements, IRNA reported. The government also put the central bank in charge of managing and announcing rial-to-euro exchange rate continually. The ...
