Analysis - Iran government likely to win battle of wills over currency
DUBAI (Reuters) - A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency...
View ArticleAnalysis: Iran government likely to win battle of wills over currency
DUBAI (Reuters) - A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency...
View ArticleIran says it will cut imports of non-essential goods
DUBAI Oct 14 (Reuters) - Iran said it would seek to cut imports of non-essential goods and urged its citizens to reduce their use of foreign-made mobile telephones and cars, as the country struggles...
View ArticlePolice clash with protesters in Iran over rial’s plunge
DUBAI — Riot police clashed with demonstrators and foreign-exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40% of its value against the dollar in a...
View ArticleUPDATE 1-Iran rial sinks 5 pct vs dlr as devaluation expected
* Central bank says to change official "reference rate" * Media speculate it may drop to 15,000-16,000/dollar * May indicate authorities want to protect foreign reserves * But move could add to high...
View ArticleIran Police Clash With Protestors as Currency Plunges
Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a...
View ArticleIran Rial Crisis: Police Clash With Protesters, Tehran Bazaar Remains Closed
By Marcus George and Yeganeh Torbati DUBAI, Oct 4 (Reuters) - Shops in Tehran's Grand Bazaar stayed shut and police patrolled the area on Thursday as authorities struggled to restore normalcy a day...
View ArticleUPDATE 1-Iran fails to impose stronger rial rate, market frozen
* Government centre, state media quote rial much stronger * But free market traders unwilling to use their rates, market activity almost frozen * Dealers fear being targeted by government * Most...
View ArticleTehran's Grand Bazaar reopens after currency protests
* Market under police supervision * Unclear whether govt can stabilise currency * Rial lost about a third of value in 10 days * Slide cutting living standards, disrupting business * U.S., EU may...
View ArticleCurrency plunge triggers violent protests in Iran
Dubai: Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 per cent of its value against the dollar...
View ArticleUPDATE 2-Merchants bring down shutters in Tehran bazaar after clashes
* Political pressure on Ahmadinejad mounts * But no sign that system of government under attack * Free-market trade in rial appears to have almost halted * Economist says Iran has hit hyperinflation *...
View ArticleMIDEAST MONEY-Iran weighs reform to stem currency crisis
* Authorities propose centralised currency exchange * New system could resemble managed float of rial * Government hopes to end influence of speculators * But unclear if authorities can supply enough...
View ArticleUPDATE 1-Iranian rial rallies after "positive" nuclear talks
By Yeganeh Torbati DUBAI, March 4 (Reuters) - Iran's currency has jumped about 9 percent against the dollar over the past two days due to government intervention and Tehran's positive view of nuclear...
View ArticleIran rial tumbles 9 percent, government targets speculators
DUBAI (Reuters) - Iran's rial plunged at least 9 percent to a record low against the U.S. dollar on Tuesday as the industry minister said he hoped security services would root out speculators whom he...
View ArticleIran has been able to ride out sanctions - Ahmadinejad
DUBAI (Reuters) - Iran has been able to cope with Western economic sanctions and the central bank has supplied enough hard currency to finance imports even though the sanctions have cut Tehran's oil...
View ArticleIran blames, targets speculators as currency tumbles 9%
related articles Secret workers' petition against Iran's failing economy gathers thousands of signatures By The Associated Press | Oct.02,2012 | 12:36 PM U.S. hails sharp decline in value of Iranian...
View ArticleIran targets speculators as currency continues to tumble
An Iranian woman pays a 20,000 rial banknote (some 70 U.S. cents), bearing a portrait of Iran's late founder of Islamic Republic Ayatollah Ruhollah Khomeini, Tehran, September 30, 2012. Photo by AFP...
View ArticleAnalysis: Iran economy far from collapse as sanctions tighten
DUBAI (Reuters) - Hossein Ahmad, an Iranian who runs a jewelry shop in wealthy Dubai, marvels at the spending power he sees on show during his monthly trips to Tehran, a year after U.S. sanctions...
View ArticleAnalysis - Iran economy far from collapse as sanctions tighten
DUBAI (Reuters) - Hossein Ahmad, an Iranian who runs a jewellery shop in wealthy Dubai, marvels at the spending power he sees on show during his monthly trips to Tehran, a year after U.S. sanctions...
View ArticleIranian police clash with protesters over currency plunge
DUBAI (Reuters) - Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its...
View ArticleIran targets currency speculators, blames them for drop in rial
Dubai: Iran expects its security services to root out speculators who are to blame for a plunge of the rial to record lows, a minister said on Tuesday, after the currency lost about a third of its...
View ArticleShops stay closed in Tehran bazaar after clashes
By Marcus George and Yeganeh Torbati DUBAI Oct 4 (Reuters) - Shops in Tehran's Grand Bazaar stayed shut and police patrolled the area on Thursday as authorities struggled to restore normalcy a day...
View ArticleIranian currency plunges as sanctions bite
By Yeganeh Torbati and Marcus George DUBAI (Reuters) - The Iranian currency fell to a record low on Tuesday as the Islamic republic struggles under the impact of Western economic sanctions and nervous...
View ArticleIran targets speculators as currency slides
Iran expects its security services to root out speculators who are to blame for a plunge of the rial to record lows, a minister said on Tuesday, after the currency lost about a third of its value in...
View ArticleIran parliament may halt Ahmadinejad economic policy
DUBAI (Reuters) - Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge...
View ArticleTehran's Grand Bazaar reopens, currency trade still frozen
By Andrew Torchia and Yeganeh Torbati DUBAI (Reuters) - Tehran's Grand Bazaar reopened under close police supervision on Saturday, traders said, days it was shut by clashes between riot police and...
View ArticleUPDATE 1-Iran targets speculators as currency slides
By Yeganeh Torbati DUBAI Oct 2 (Reuters) - Iran expects its security services to root out speculators who are to blame for a plunge of the rial to record lows, a minister said on Tuesday, after the...
View ArticleIran's Khamenei warns of government divisions after rial plunge
DUBAI (Reuters) - Supreme Leader Ayatollah Ali Khamenei told Iranian officials on Wednesday to stop bickering over mounting economic woes as Tehran grapples with Western-imposed sanctions, voicing...
View ArticleIran president blames US curbs for crisis
DUBAI: The Iranian currency rial has hit record lows, losing 40% of its value against the US dollar in a week. The rial has been losing value almost daily as western economic sanctions imposed over...
View ArticleMIDEAST MONEY-Dubai dealers brave pressures to continue Iran rial trade
* U.S. sanctions cut off FX trade via banks * Then Tehran clamped down on free rial market * Liquidity, rate-setting process are problems * But Dubai dealers keeping trading ties open * Demand for...
View ArticleUPDATE 1-Iran has been able to ride out sanctions-Ahmadinejad
(Adds comments on economic record, import figures, background) DUBAI, Oct 2 (Reuters) - Iran has been able to cope with Western economic sanctions and the central bank has supplied enough hard currency...
View ArticleIranian MPs call for rapid intervention to halt currency turmoil
DUBAI (Reuters) - A group of Iranian legislators, critical of the policies of President Mahmoud Ahmadinejad, has urged the central bank to intervene in the currency market to support the rial, which...
View ArticleIran has been able to ride out sanctions: Ahmadinejad
DUBAI (Reuters) - Iran has been able to cope with Western economic sanctions and the central bank has supplied enough hard currency to finance imports even though the sanctions have cut Tehran's oil...
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