Saturday 25 October 2014
 
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Iran rial

Major UAE exchange houses halt Iran rial trade

Major money exchange houses in the UAE have stopped handling Iranian rials over the last several weeks, executives at the houses said, further reducing Iran's ability to trade and obtain hard currency. Since late last year, Iran has largel

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Iran devalues rial 8pc, to enforce single rate

Iran's central bank announced an 8 per cent devaluation of the rial on Thursday and said it would enforce a single exchange rate as of Saturday, aiming to stamp out the black market where dollars have soared in recent weeks due to fears over n

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Rial rebounds as Iran banks offload dollar

Iran's rial rebounded against the dollar yesterday as banks in the Islamic republic offloaded the greenback to curb the local currency's recent steep losses triggered by sanctions, dealers said. The dollar was trading at around 10,

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Rial rebounds as Iran banks offload dollar

Iran's rial rebounded against the dollar yesterday as banks in the Islamic republic offloaded the greenback to curb the local currency's recent steep losses triggered by sanctions, dealers said. The dollar was trading at around 10,

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