The Central Bank of Iran (CBI) has launched a new version of the most frequently-used bank note in the country to signify a transition to the new currency toman. Four zeros on CBIs new 100,000 rials note were light-hued, a picture of the note circulating in the local media on Wednesday showed. That signified Irans ongoing move toward toman, the ...

The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the Tuesday presidential elections in the United States. The rial closed at 268,000 against the dollar on Saturday, according to exchange price websites and reports from the unofficial currency market in downtown Tehran. The drop ...

Irans rial has risen against the US dollar in the unofficial market mainly on speculations that US President Donald Trumps illness could hurt hisre-election chancesin votes planned for next month. A Sunday report by semi-official Tasnim news agency said currency traders in downtown Tehran were of the idea that Trumps infection with the coronavirus ...

Reuters - The Iranian rial fell to a record low against the U.S. dollar on the unofficial market on Sunday, a day after the U.S. President Donald Trumps administration declared all United Nations sanctions on Tehran had been restored. The dollar was offered for as much as 273,000 rials, up from 267,800 rials on Saturday, according to foreign exchange ...

Financial Tribune - Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehrans open market compared to prices quoted Thursday. The greenback was traded around 233,000 rials in the previous trading week before soaring to 238,000 rials on Monday as markets reopened after 2 days of religious ...

Al-Monitor - The Iranian rial continues to lose value against foreign currency, as exporters face high costs due to sanctions and the government continues a policy of forcing them to accept low exchange rates. The currency exchange market in Iran is experiencing another volatility cycle with the Iranian rial (IRR), losing its value repetitively ...

Reuters - The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and U.S. sanctions. The dollar was offered for as much as 215,500 rials, softening from 208,200 on Friday, according to foreign exchange site Bonbast.com. The economic daily ...

Financial Tribune - Major foreign currencies rallied again in Tehrans open market on Sunday with the dollar bouncing back to 202,000 rials, up 2.5% overnight. One euro fetched 226,000 rials, up more than 3% compared to Saturdays close. The UK pound sterling rose 4,000 rials to 246,000 rials. The UAE dirham was worth 56,600 rials. The greenback ...

Financial Tribune - Irans national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after tanking to all-time lows on Tuesday. The US dollar had gained 13% against the rial during eight consecutive rallies reaching a record high of 205,000 rials on Tuesday. It lost ground to 191,000 rials on Thursday ...

Financial Tribune - Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000 rials. After tumbling near the critical level a day earlier, the greenback broke through the resistance level closing at 201,700 rials at Tehrans open market, marking the highest ever depreciation of the national ...

Reuters - A further slump in Irans rial is temporary, Iranian President Hassan Rouhani said on Tuesday after the currency sank to its lowest value in decades. A U.S. dollar was offered for about 205,000 rials on Tuesday, up from 188,200 rials on Friday and 198,000 rials on early Monday, according to foreign exchange site Bonbast.com, which tracks ...

Reuters - The Iranian rial hit its lowest rate against the dollar since September 2018 on the unofficial market on Thursday, a foreign exchange website reported, amid the worsening economic impact of U.S. sanctions and the new coronavirus outbreak. The dollar was being offered for as much as 188,200 rials, according to website Bonbast.com, which ...

Reuters - The Iranian rial hit its lowest rate against the U.S. dollar since September 2018 on the unofficial market on Tuesday, a foreign exchange website reported, amid a deterioration in the economic situation brought on by crippling U.S. sanctions and restrictions to deal with the new coronavirus outbreak. The dollar was being offered for as ...

The New York Times | Farnaz Fassihi: The rial unit of currency, which has lost much of its value against the dollar, will be replaced by the toman, which the government says will be worth 10,000 rials. For many years, Irans government debated changing the national currency, the rial, by basically slashing four zeros off its face value an acknowledgment ...

CBS | Seyed Bathaei: The head of Iran's Central Bank announced Monday that the nation's currency was set to be re-named and re-valued. Long called the rial, Iran's money will soon likely be called the Toman, and an impressive four zeros will be shaved off all denominations. What was previously 10,000 rials will become one Toman under the plans, which ...

Bloomberg | Paul Wallace: The spread of the coronavirus to Iran, which has more confirmed cases than anywhere in the Middle East, is causing panic in the Islamic Republic and the rial to tumble. The currency has weakened about 10% on the black market since the nation announced its first case on Feb. 19, according to bonbast.com, a local website....

Reuters | Davide Barbuscia, Babak Dehghanpisheh: Irans rial hit a one-year low against the dollar on Wednesday as a sharp rise in coronavirus cases forced the closure of most of its borders, threatening the non-oil exports that are its main economic lifeline. The dollar was being offered at as much as 158,500 rials on Wednesday, well below its official ...

Press TV - Irans rial has hit new lows in unofficial trade after a decision by the Financial Action Taskforce (FATF) to blacklist the country although critics insist the decision would fail to negatively impact the economy. Reports on Saturday from an unofficial currency market in downtown Tehran showed that the rial was weakening against major ...

MNA The Parliament Economic Commission has ratified elimination of four zeros from Iranian national currency, Rial. Being approved in a future Parliament session, the plan will be announced to the Central Bank of Iran (CBI). The Central bank will then be expected to implement the plan within two years. According to the CBI Governor Abdolnaser ...

Financial Tribune - The rial regained some lost territory against the US dollar on Wednesday after the Central Bank of Iran intervened through its affiliated moneychangers. CBIs role was conspicuous from the early hours of trade on Tuesday when its exchange bureaus first increased the currency rates only to lower it later. With the forex volume ...