US dollar

  • Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said Sun. that the enemies are constantly plotting against the country’s local currency the rial, saying in continuation of countermeasures, an organized market will be launched within two weeks to further thwart plots.

  • The prices of the US dollar and gold coins– two key drivers of consumer prices – were on decline in recent days in what is seen as a clear defiance against earlier predictions that sanctions could trigger a price shock in the country.

  • Russia’s Foreign Minister Sergei Lavrov says the three major European signatories to a landmark nuclear deal with Iran agreed to establish trade ties with Iran independent of the US dollar.

  • Governor of the Central Bank of Iran (CBI) Valiollah Seif announced that the country plans to establish a secondary currency market in coming days as the Iranian rial has plunged to an all-time low against the US dollar.

  • Although a group of officials have expressed optimistic views over the future of Iran’s housing market, a financial analyst suggests that the market is very unlikely to climb out from the current recession in near future.