Vow to End Iran's Black Market Spurs Rush for Dollars in Tehran
Iranians flocked to foreign-exchange houses after authorities vowed to halt a currency slump by eliminating black-market rates, only to be turned away by currency traders awaiting instructions from the central bank./ Street dealers usually provide an alternative to Iran’s registered banks for ...
Iranian Events Around the World
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Iran sets single foreign exchange rate to rescue currency
These are external links and will open in a new window/ Iran relies on money from its oil exports to cover virtually all its expenses Iran's currency, the rial, lost some 20% against the US dollar in two weeks as Iranians rushed to hedge against depreciation of their assets. Some fear an ...
Iran Tries To Unify Exchange Rates To Halt Currency Decline
Iranian authorities have vowed to enforce a single exchange rate to the U.S. dollar in a bid to stop a slide that has seen Iran's rial currency fall by more than one-third in seven months. Officials said that from April 10 on, the government will sell the dollar at a rate of 42,000 rials to all ...
Iran Threatens Trump With Strong Response if Nuclear Deal Fails as Arch-Hawk Bolton Begins ...
Iran’s leaders have warned President Donald Trump he would regret pulling out of the nuclear deal with Tehran and vowed a strong response if the U.S. withdraws, —well-known for his hawkish stance on U.S. foreign policy, particularly toward Iran—begins his tenure as Trump’s national security ...
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Iran Tries to Unify Currency to Halt Rial's Record Slump
Government sets single rate for all individuals and businesses/ Step aims to end two-tiered system in place for several years/ Iran will try to unify its currency starting Tuesday and control sales of the dollar in a bid to stem a record decline in the rial’s value on the unregulated market./ ...
Iran unifies official and open market exchange rates as rial hit new low
Iran unified the country’s official and open market exchange rates, state media said, after its currency, the rial, plunged to an all-time low on Monday on concerns over a return of crippling sanctions./ FILE PHOTO: Iranian rial banknotes are seen at a currency exchange shop in Kerbala, 110 km ...
Iran tells Trump he would regret dropping nuclear deal
Donald Trump will regret it if he pulls out of the nuclear deal with Iran, President Hassan Rouhani said on Monday, warning the U.S. president that Tehran’s response would be stronger than he thinks./ Iranian President Hassan Rouhani attends a meeting with Muslim leaders and scholars in ...
Iranian Events Around the World
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Iranian Rial Hits Record Low; Dealers Stop Trading Dollar, Euro
Weak economic outlook drives currency down, slows businesses/ Traders cite lack of overseas finance, fragile nuclear deal/ The Iranian rial hit a record low against the U.S. dollar for the second time in two months over concerns about Iran’s economy, rattling businesses and prompting some ...
Iran's rial hits new lows on Trump worries
Iran’s currency fell at least 5.5 percent on Sunday, extending a slide to a new record low on continued concerns over a return of crippling sanctions if U.S. President Donald Trump carries out his threat to exit a nuclear deal with Tehran. The U.S. dollar jumped 2,990 rials to 54,700 rials on ...
Iran unifies free market, official currency exchange rates
President Eshaq Jahangiri has announced the government's decision to unify the country’s official and open market exchange rates, local media outlets reported. Jahangiri, after an emergency cabinet meeting, appeared on TV to announce that from Tuesday the price of the US dollar would be 42,000 ...
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Iranian Rial Plunges Again
This weekend, the Iranian rial dropped again against the dollar. This is an effect of the uncertainty regarding a return of economic sanctions. When the 2015 Iran nuclear deal was agreed, Iran benefited from the lifting of crippling sanctions. However, United States President Donald Trump may ...
Sudden Rise Of Dollar In Iran Stops Currency Trading On Free Market
Iran's currency took another big hit, falling between 6-9 percent on Sunday, extending a slide to a new record low on continued concerns over a return of crippling sanctions if U.S. President Donald Trump carries out his threat to exit a nuclear deal with Tehran. The U.S. dollar jumped to as ...
