Forex Rate Unification

President Hassan Rouhani’s government does not want foreign exchange rates to surge against the rial, as it would not be in its favor, the administration’s spokesman said.

“The official…

The rate of the US dollar to the rial is unlikely to reach 38,000 rials, said Hamid Zaman Zadeh, director of research department at Banking and Monetary Institute, affiliated to…

The government has sufficient financial resources to implement the long-pending single foreign exchange rate regime, said Kamal Seyyed Ali, head of the Export Guarantee Fund of Iran.

The gradual move toward unifying foreign exchange rates has started but the timeframe for its realization depends on a variety of factors, says the governor of the Central Bank of Iran.