Iran Takes Measures To Combat Rial's Fall To Record Lows

Radio Free Europe

Iran Takes Measures To Combat Rial's Fall To Record Lows

Iran's central bank announced measures to combat the rial's fall to record lows one day after police cracked down on foreign exchange dealers on the streets of Tehran. The central bank's announcement on February 15 that it will allow an increase in the interest rates paid on bank deposits came ...

Feb 16, 2018

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Reuters

Iran raising deposit rates to control rial's depreciation, TV reports

Reuters

Iran raising deposit rates to control rial's depreciation, TV reports

ANKARA, Feb 15 (Reuters) - Iran’s central bank will raise deposit rates to bolster the value of the Iranian rial after it dropped to record lows, the head of the central bank said, according to a report by state television on Thursday. Iran’s national currency reached a record low around 50,000 ...

Feb 15, 2018

Al-Arabiya

Iran raises rates, closes accounts to shore up rial

Al-Arabiya

Iran raises rates, closes accounts to shore up rial

The Iranian rial had lost a quarter of its value in six months, sliding to a record low of 48,400 to the dollar on Wednesday. (File photo: Reuters)/ Iran has raised bank deposit rates and frozen the accounts of hundreds of foreign exchange dealers in a bid to shore up the value of the rial, ...

Feb 15, 2018

Bloomberg

Iran Arrests Currency Traders in Attempt to Halt Rial's Slide

Bloomberg

Iran Arrests Currency Traders in Attempt to Halt Rial's Slide

Rial reportedly fell to record low versus dollar on Tuesday/ Depreciation comes as government faces growing discontent/ Iranian authorities closed almost a dozen currency-exchange offices and arrested traders, part of an effort to stem a fall in the value of the rial that could push up prices at ...

Feb 15, 2018

Iranian Events Around the World

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Radio Free Europe

Iran Cracks Down On Currency Traders Amid Steep Fall In Rial

Radio Free Europe

Iran Cracks Down On Currency Traders Amid Steep Fall In Rial

Iranian authorities have arrested dozens of money changers in Tehran amid a steep decline in the Iranian currency that has sent the rial to a record low against the U.S. dollar. A video by state broadcaster IRINN on February 14 showed dozens of currency hawkers who usually are stationed across ...

Feb 14, 2018

Reuters

As Iran rial hits record low, police crack down on money changers

Reuters

As Iran rial hits record low, police crack down on money changers

Iranian police cracked down on unlicensed money changers in Tehran on Wednesday, arresting around 100 traders, Tehran’s police chief told local media, in a sign that authorities are concerned about speculators pushing the rial to record lows. After a month of surveillance, around 90 money ...

Feb 14, 2018

Tehran Times

Cabinet approves plan for controlling forex market

Tehran Times

Cabinet approves plan for controlling forex market

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. The cabinet also made the required decisions in this regard. CBI is to ...

Feb 14, 2018

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 ...

Eight hours ago

BBC

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