Iran to slash four zeros from rial - media
Iran’s Central Bank has proposed slashing four zeros from its battered currency. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter …
Iran wants to increase share of transactions in national currencies with Russia
Iran expects to increase the share of transactions in national currencies in trade with Russia, Iranian Central Bank Governor Abdolnaser Hemmati said following his visit to Russia. According to him, following the …
Iran’s rial unexpectedly rallies
The restoration of sanctions on the oil industry next month could spark another exodus from the rial
Russia, Turkey and Iran refuse the dollar
The countries agreed to use local currencies in trade
Rial pushed into classic death spiral
Iran currency extends record decline as US sanctions approach
Will Turkey and Iran start using national currencies in bilateral trade?
Turkey and Iran have reached an agreement on the exchange of Turkish lira with Iranian rial in banking transactions, Iran’s Deputy Minister of Industry, Mine and Trade Sadeq Najafi said. Speaking on the …
Iran to replace dollar with euro in financial reports
Tehran will start reporting foreign currency amounts in euros rather than US dollars, state media said as part of the country's effort to reduce its reliance on the US currency due to political tension with Washington. The new …
Iran to switch currency from rial to toman
The administration of Iran's President Hassan Rouhani approved a bill to switch Iran's national currency from rial to toman, the secretary of the Cabinet Mohsen Haji Mirzaei said. According to …
Why Iran's Rial Hit an All-Time-Low Against the US Dollar
Today $1 costs 100 thousand Iranian rials, that is an all-time-low rate against dollar. Although several reasons for the slide have been put forward by economists – amongst them the strength of the dollar against other currencies in the …
Iran’s Cabinet passes monetary reform motion
Iranian President Hassan Rouhani’s cabinet on Wednesday approved a motion put forward by the Central Bank of Iran (CBI) to change the national currency from rial to toman, leading to a ten-fold decrease in banknote denomination...
Manturov: Russia and Iran may start using national currencies for mutual operations
Russia and Iran can start to use their national currencies for mutual operations, the Minister of Industry and Trade, Denis Manturov, said today. "We do not rule out the possibilities of using the ruble-rial, based on the fact …
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