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Wednesday, June 19, 2013 06:12
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Iranian currency

Gold, currency market affected by elections

Price of gold and the dollar drops as the election results point toward the possible victory of the moderate candidate Hassan Rohani. » read more

U.S. sanctions target Iranian currency, auto industry

The United States leveled new sanctions against Iran’s automotive industry and national currency. » read more

Police announce more arrests around currency crisis

The Tehran Police force has announced that 88 “gold and foreign currency brokers” have been arrested, as disputes have intensified between the Iranian government and the Central Bank over handling the crisis in the currency and gold markets. » read more

Iran’s rial tumbles once again

The Iranian currency has plunged against the dollar once more, reaching 33,500 rials to the dollar. That constitutes a fall of 3,000 rials since last Monday. » read more

Parliamentary speaker cancels press conference

The head of the Iranian Parliament cancelled a press conference today just three hours before it was scheduled to begin and no reasons were offered for the cancellation. » read more

Currency crisis puts Tehran Bazaar in limbo

Parts of Tehran’s Bazaar were shut down today, Wednesday, following the sudden drop in the price of the Iranian national currency and the turmoil in the market. » read more

Plummeting currency hampers Iranian pilgrims

Iranian pilgrims to Saudi Arabia have been caught up in the sudden fall in the value of the Iranian rial against the Saudi rial, which is severely limiting their spending power. » read more

Rial’s slide shows sanctions working: U.S.

The U.S. State Department says the sudden crash of Iran’s national currency attests to the fact that economic pressures on Iran have been effective. » read more

Rial drops by another 13 percent

Iran’s currency has lost another 13 percent in value as the rial continues its freefall against foreign currencies. » read more

Overt and covert hands in Iran's foreign currency market

There is no calm in sight for the Iranian currency market and Iranians do not expect anything else either. » read more