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India to drop US dollar in cross-border trade
Apr 02, 2023 10:43India has opted to offer its Indian Rupee (INR) as a trade currency alternative to the US dollar after it unveiled its latest "dynamic and responsive" foreign trade policy in a bid for de-dollarization.
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Iran’s rial rebounds from historic low amid heavier CBI intervention
Feb 27, 2023 04:14Iran’s rial currency has rebounded from historic lows reported in recent days after the country’s Central Bank intervened to control the prices in the market.
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Iran’s top banker in Qatar to step up cooperation
Jan 05, 2023 08:49The new governor of the Central Bank of Iran (CBI) has traveled to Qatar in the pursuit of closer banking interaction with the Persian Gulf states.
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Iran intensifies crackdown on currency speculation
Dec 28, 2022 02:39Iran has intensified its crackdown on foreign currency speculation as authorities and official news outlets blame speculators for a historic drop in the value of national currency rial.
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Iran blocks 2,300 foreign currency bank accounts as dollar price surges
Nov 06, 2022 02:33The Iranian Intelligence Ministry has identified and blocked more than 2,300 foreign currency bank accounts that were used to trigger instability in the country’s forex market.
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Issues left unsettled amid efforts to unblock Iranian funds
Oct 03, 2022 03:40A spokesman of the Central Bank of Iran (CBI) says Iran could access to billions of dollars of its funds that have remained blocked in foreign banks because of US sanctions if some minor problems related to banking transactions are settled in talks with foreign negotiating partners.
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Traders hail Iran's decision to scrap tax on import of foreign currency
Apr 26, 2022 23:55Foreign currency traders in Iran have hailed a decision by the government to scrap a tax on import of foreign currency into the country, saying the move would help neutralize the impacts of American sanctions on the Iranian economy.
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Iran tightens rules on carrying foreign cash
Apr 15, 2022 00:32The Iranian government has issued new regulations governing the supply, possession and carrying of foreign cash as the country seeks to crack down on foreign currency trafficking amid sanctions that have hampered its access to the international banking system.
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Report: Saudi Arabia mulls ditching dollar in favor of China's yuan
Mar 16, 2022 04:56Saudi Arabia is considering ditching the US dollar in favor of yuan in its oil sales to China, something which stands to profoundly affect the energy market, The Wall Street Journal reports.
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Thousands take to streets in Turkey over rising inflation, currency freefall
Dec 13, 2021 10:51Thousands of people have taken to the streets of Istanbul to protest against the Turkish government's failed economic policies amid rising inflation and depreciating currency.