The Central Securities Depository of Iran issued 24 trading codes for foreign investors in the 10th month of the current Iranian year (Dec. 22, 2017-Jan. 20) to trade in Iran’s capital market. The newcomers included six institutional and 18 non-institutional investors from the Australia, Georgia, Armenia, Afghanistan and Iraq, IRAN reported. Currently, more than 1,000 […]

The Central Bank of Iran’s measures, namely to issue certificates of deposit and launch the presale of gold coins, from Saturday seem to have had an impact on Tehran’s market as the rate of the US dollar experienced a 1% decline to reach 46,800 rials. Other major currencies, including euro and pound, stumbled as well. […]

Market News – In an attempt to put a cap on recent USD/IRR unrest, Central Bank of Iran offered an anti-fever package to contain the situation over the FX market. Offering 3 short term solutions, the package is to reduce the heat on the market and stabilize the fluctuations: IRR certificates of deposits: starting today, Iranian banks are allowed to […]

Bank of Industry and Mine sold off a 51% stake in its investment arm, Industry and Mine Investment Company on Tuesday on the capital market, BIM’s head of subsidiaries and general meetings manager, Abolfazl Najjarzadeh, announced. Over 2.29 billion shares with a base price of 1,900 rials per share were offered on Tehran Stock Exchange […]

Market News – Official stats from Iran statistical center show a solid growth in housing sector of Iran’s Economy over a one-year period from Fall 2016/17 to Fall 2017/18. The average price for 1 square meter of residential land in Tehran rose for 16.6% while the growth figure for average monthly rent of apartments is around 14.8%. After a long lasting […]

Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget. According to ICANA, the official news portal of the parliament, the first measure pertained to the process of NDFI making deposits with agent banks to be allocated […]

Iran has established banking relations with close to 300 foreign banks two years after the landmark nuclear deal with world powers, the Central Bank of Iran announced. In its latest series of reports published on its website to mark the 39th anniversary of the Islamic Revolution, the bank said that by Jan. 20, Iranian banks […]

Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general of Trade Promotion Organization for Iran’s Arab-African affairs said. “After several meetings were held by traders, exporters and representatives of the Central Bank of Iran, Bank Saderat and Bank Melli Iran, the process of transferring […]

The US dollar hit new highs against the rial on Monday, as the foreign exchange market continued to surprise investors and policymakers who are struggling to accept record forex rates as the new normal. While the market could hardly stomach an exchange rate of 40,000 over a month ago, the unprecedented bull run has sent […]

Market News – In a new attempt to control day trading (speculating) on currency market, the Central Bank of Iran (CBI) submitted the details of major forex purchasers to the Tax Organization (over the period of March 21, 2017 to January 7, 2018) in order to put a cap on the recent growth in forex rates, make the market more transparent […]