Search Results for 'Iran'

Iran currency tumbles to new record low

The Iranian currency, the rial, tumbled Monday in blackmarket trading to a new record low against the dollar, news agencies said, as the EU moved to impose an oil embargo and fresh sanctions on Tehran. The unofficial rate in central Tehr [...]

Posted On : Jan, 24 2012 | Comments : 0

Iran's currency rate keeps depreciation

Iran's currency value has kept critical depreciation against foreign currency in the recent weeks. On Wednesday, Iran's rial hit a new record against the U.S. dollars in the street market in Tehran. On the day, one U.S. doll [...]

Posted On : Jan, 19 2012 | Comments : 0

Iran bans foreign currency trading

Iran's central bank deputy governor said Monday that trading foreign currency outside of banks and licensed currency exchange operations was now banned, marking the government's latest attempt to stem an outflow of foreign currenc [...]

Posted On : Jan, 17 2012 | Comments : 0

As currency crisis and feud with West deepen, Iranians brace...

TEHRAN — At a time when U.S. officials are increasingly confident that economic and political pressure alone may succeed in curbing Iran’s nuclear ambitions, the mood here has turned bleak and belligerent as Iranians prepare g [...]

Posted On : Jan, 06 2012 | Comments : 0

Iran Trade in local currency a step forward to boost regiona...

Dr Ashfaq Ahsan Khan, renowned economist, on Monday said trade in local currency would help boost regional economy and create better understanding among the people of Islamic countries. “President Asif Ali Zardari’s suggestion [...]

Posted On : Jul, 19 2011 | Comments : 0

Yen, Dollar Rise on Iran Concern, World Bank Recession Forec...

The yen and the dollar gained as concern the political tension in Iran is worsening and a World Bank report saying the global recession will be deeper than earlier predicted fanned demand for the currencies as a refuge. The yen strengthene [...]