Tag search "Rial"

Tehran stock exchange breaks its 50-year record

Tehran stock exchange breaks its 50-year record

The total index for the Tehran Stock Exchange reached 6 digits for the first time yesterday, with a single 3306-unit jump (the highest growth rate in its history). This is unprecedented in Iran’s stock exchange.  

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“Iran night” in Moscow

“Iran night” in Moscow

The “Iran night” ceremony has been held in the Ramadan marquee of Moscow’s Memorial Mosque. A special ceremony is held at the marquee by a Muslim country every night.

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The dollar will be eliminated from Iran-China trade

The dollar will be eliminated from Iran-China trade

The CEO of the Central Bank of Iran (CBI) has announced new trade arrangements for Iran and China trade. Valiollah Seif stated that the dollar will be eliminated from a major part of their economic transactions and replaced with the currencies of both countries.  

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Two American hunters cause trouble in Iran

Two American hunters cause trouble in Iran

Two Americans hunting two Transcaspian Urial goats in the Neishabour protected zone in Khorasan Province, northeaster Iran, is the talk of town in the political and media circles of the country these days.  

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FDD request to start economic war with Iran

FDD request to start economic war with Iran

In its latest plan against Iran, The FDD has proposed to Trump to sanction Swift, its directors, and European Banks working with Iran. Mark Dubowitz, chief executive, and Richard Goldberg, senior adviser at the Foundation for Defense of Democracies (FDD), have published their article entitled “Iran, Get Ready for the Battle Rial” in the Wall Street Journal on 21 May 2018, saying that Secretary of State Mike Pompeo on Monday presented the Islamic Republic of Iran with a stark choice: Either change or face “unprecedented financial pressure” in the form of “the strongest sanctions in history when we are complete.” The Trump administration has declared financial war on the Iranian regime. Given the seriousness of its currency emergency, it’s a good bet America will win.  

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JCPOA – A model to resolve the N Korean nuclear crisis

JCPOA – A model to resolve the N Korean nuclear crisis

Seyed Hossein Mousavian is the former Deputy Secretary of the Supreme National Security Council and an Iranian scholar who served on Iran's nuclear diplomacy team in negotiations with the EU and International Atomic Energy Agency. He is currently a visiting research scholar at Princeton University. He has recently spoken at the International Meeting on Nuclear Power (Fissile Material) in South Korea’s Parliament. The full text can be read below.

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Risk of war between Iran and Israel in Syria

Risk of war between Iran and Israel in Syria

On 15 April 2018, Thomas Friedman wrote in the nytimes.com: “SYRIA-ISRAEL BORDER, Golan Heights — Stop me if you’ve heard this one before: Syria is going to explode. I know, you have heard that one before, but this time I mean really explode. Because the U.S., British and French attack on Syria to punish its regime for its vile use of chemical weapons — and Russia’s vow to respond — is actually just the second-most dangerous confrontation unfolding in that country.  

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The dollar takes flight in the sky of Iran

The dollar takes flight in the sky of Iran

Currency prices have been going through a bull market in Iran over the course of the past couple of days. In IRR currency, the US dollar was exchanged for tomans 5220 yesterday, showing a leap of tomans 130/dollar. Ascending prices continued this morning to reach tomans 5750 by 14h00 hours. The euro has also passed the 7160 toman mark. Other currencies, including the pound sterling, have reached unprecedented prices.  

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Ganjineh Handicrafts Festival 2018

Ganjineh Handicrafts Festival 2018

The second edition of Ganjineh Handicrafts Festival 2018 will run 27 April-3 May in Tehran. The event Secretary, Mohammad-Bagher Balouch, said: “The Ganjineh Handicrafts Festival is an attempt at recognizing our historic identity in our contemporary world for artists living between tradition and the vast expanse of modernity exposed by 21st century in times of technology and commotion.  

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New Iranian debit card for tourists

New Iranian debit card for tourists

The Head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization has announced a joint project with the Central Bank of Iran (CBI) for a prepaid debit card for tourists traveling to Iran. Funds can be added to the card in return for their currency and converted to Iranian rials (IRR).  

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US dollar order registrations banned in Iran

US dollar order registrations banned in Iran

The Central Bank of Iran (CBI) announced today, 28 February 2018, that orders will no longer be registered using the US dollar. However, this is not an ex post facto law for those orders that have received their 8-digit registration licenses prior to the above-mentioned date.  

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