Iran Rial Slides to New Low as Coronavirus, Sanctions Weigh
DUBAI, July 4 - The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and U.S. sanctions.
The dollar...
U.S. Seeks to Seize Gasoline in Four Iran Tankers Bound for Venezuela
By Timothy Gardner and Daphne Psaledakis
WASHINGTON, July 2 - U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration...
Iranian Exporters Keep Much of Their Revenues Abroad, Report Says
By Kayhan Life Staff
Some 15,000 export and trade companies have kept their revenues in foreign currency abroad since 2018, the Iran online newspaper reports.
“Recent data has shown that 15,000 ‘real’ companies with valid export...
Iran’s Rouhani Says National Currency’s Fall Is Temporary – TV
DUBAI, June 23 (Reuters) - A further slump in Iran's rial is "temporary", Iranian President Hassan Rouhani said on Tuesday after the currency sank to its lowest value in decades.
A U.S. dollar was offered for about...
Iran’s Rial Drops to Record Low Against the U.S. Dollar After U.N. Rebuke
DUBAI, June 20 (Reuters) - The Iranian rial fell to its lowest ever rate against the U.S. dollar on the unofficial market on Saturday, a day after Tehran's rebuke by the U.N. nuclear watchdog increased...
Iranian Rial Drops to Lowest Rate Since September 2018 Against Dollar
June 18 (Reuters) - The Iranian rial hit its lowest rate against the dollar since September 2018 on the unofficial market on Thursday, a foreign exchange website reported, amid the worsening economic impact of U.S....
Iran to Press South Korea to Release Blocked Funds
DUBAI, June 12 (Reuters) - Iran called on Friday for South Korea to release billions of dollars in funds frozen because of U.S. sanctions.
"South Korea's ban on Iran's use of its central bank resources to buy basic...
Iran Will Continue Exporting Gasoline to Venezuela, Official Says
By Hamed Mohammadi
Iran will continue to export gasoline to Venezuela, Saeed Mohammad, the managing-director of Khatam-al Anbiya Construction Headquarters -- an Iranian engineering firm controlled by the Islamic Revolutionary Guards Corps (IRGC) -- has...
Some Iranians Are Profiting From Official Dollar Exchange Rates, Central Banker Says
By Reza Hamidi
Some Iranians have taken advantage of the government’s low official foreign-exchange rate to pay their home mortgages in Canada, Abdolnaser Hemmati, the Governor of the Islamic Republic Central Bank, has said.
Mr. Hemmati...
Iranian Tanker Docks in Venezuelan Port, Domestic Refining Rises
By Tibisay Romero and Deisy Buitrago
VALENCIA, Venezuela/CARACAS May 25 (Reuters) - The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said...
