Forex Rate Unification

The government has allocated $15 billion of foreign exchange to imports in the 50 days since the start of the current Iranian year on March 21.

According to Government Spokesman Mohammad…

The government earmarked a total of $12.28 billion to all import of goods and services at the unified rate of 42,000 rials during the first 45 days since it unified the US dollar's dual exchange…

President Hassan Rouhani has called on the private sector to play a serious role in the economy, stressing that his government will ensure the business community benefits from the resources of…

Majlis Research Center, the parliamentary think tank, has released its first comprehensive report on the current foreign exchange market situation and the reasons it was gripped by wild…

For the first time after the government decided to unify the US dollar's exchange rate more than a month ago, the Central Bank of Iran has allowed for a minor increase in its rate. 

Governor of the Central Bank of Iran said the exchange rates of the US dollar, which were unified at 42,000 rials last month, will not remain fixed and change 5-6% until the end of the current…

The Central Bank of Iran has announced allocating $6.6 billion to fulfill the country' foreign exchange needs between April 11 and May 8 at the unified rate of 42,000 rials. 

The government is committed to meeting all hard currency needs, including the ones that exceed the current caps devised in the wake of the foreign exchange rate unification implemented last…

The governor of the Central Bank of Iran acknowledged shortcomings in the government's new foreign exchange policy, promising that they would be addressed. 

When President Hassan Rouhani’s administration decided to unify Iran’s dual foreign exchange rate regime to prevent further depreciation of its currency on April 9, part of its market control…

Governor of the Central Bank of Iran has provided further details about the new Forex Deals Integrated System, noting that it will reposition banks as the main market player, promote…

It is too soon to pass judgment on the administration’s decision to fix the US dollar’s exchange rate at 42,000 rials, the deputy economy minister for banking and insurance said. Abdolrahman…

The Majlis Economic Commission said on Tuesday that it fundamentally agrees with the government's recent measures to control the foreign exchange market, although some of the executive decisions…

As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market. 

Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollar’s rate does not mean that a fixed exchange rate system would be at work, as…

Iran's government decided to finally put an end to the dual foreign exchange regime, in an attempt to control the bullish foreign exchange and gold markets and promote safety of foreign…

The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better trade in foreign…

The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has called for the unification of foreign exchange rates and criticized the current dual rate system.”

The International Monetary Fund is optimistic that Iran can unify its dual foreign exchange rates in 2017-18 despite recent challenges facing the country, such as currency market volatility.

Grounds have been prepared for unifying the foreign exchange rates, which will finally be accomplished "when macroeconomic conditions are agreeable", vice governor of the Central Bank of Iran said…

Following efforts during the current fiscal year (ending March 20) to close the gap between official and unofficial foreign exchange rates, the government will unify forex rates at some point in…

The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting between top…

The Majlis Economic Commission is to hold a meeting with Economy Minister Ali Tayyebnia and Central Bank of Iran Governor Valiollah Seif to discuss the recent upheavals in the Iranian forex market…

Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the…

The current rate of the US dollar in the Iranian market varies greatly from the rate predicted in the annual budget and the discrepancy must be managed by the government, says the head of Majlis…