Iran moves away from dollar
Tehran has begun work on de-dollarization of trade within the BRICS and will continue strengthening it, the country’s Foreign Ministry reported.
Iranian rial
When will Russia and Iran conclude a currency agreement?
A currency agreement between the Russian Federation and the Islamic Republic may be signed soon. The head of the Iranian Central Bank announced the approximate dates.
Iran to use unfrozen assets to strengthen rial rate
Iran's Central Bank governor Mohammad-Reza Farzin, has confirmed that the Islamic Republic’s released funds totaling some $6 …
Iran to move away from dollar in trade with Russia
Iran plans to move away from the dollar in transactions with Russia, Iran’s First Vice President Mohammad Mokhber said. When …
Russia, Iran to trade in yuans
Moscow and Tehran may soon start making settlements in yuan
Russia and Iran to trade using stablecoins?
Russia and Iran may start using stablecoins to settle cross-border trade deals. The issue was discussed during a recent visit by a State Duma delegation led by speaker Vyacheslav Volodin to Tehran, chairman of the State Duma Committee on …
Iran’s currency hits new record low against dollar
Iran’s currency dropped to its lowest value ever against the dollar, and has seen its value fall by 30% since June amid severe U.S. sanctions imposed on Tehran. Money exchange shops traded the Iranian rial 262,000 for a dollar. …
Tehran exchange launches trading in Iranian rial/ruble
The Tehran exchange has launched Iranian rial/Russian ruble trading, the head of Iran's central bank said on Tuesday. "The launching of trading in the ruble/Iranian rial currency pair is an important step in the development of …
Russia and Iran to replace dollar with rial, ruble in trade
The heads of the central banks of Russia and Iran agreed to abandon the dollar in mutual settlements: soon in all settlements between the countries will be used national currencies - the ruble and the rial, Chief of the Economic Commission of …
Iran passes bill to remove four zeros
The nation's currency to be re-named and re-valued
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...
