CURRENCY

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ECONOMY

Iranians holding $70bn in hoarded currency and gold: Expert

An economic expert says the amount of currency and gold hoarded in Iran has reached $70 billion.

gholamreza mesbahi moghaddam

ECONOMY

Iran’s chief banker blames US-based website for currency turmoil

CBI chief says rates announced by US-based website have caused chaos in the Iranian exchange market.

mohammad reza farzin

ECONOMIC DIVIDE

16th BRICS summit

The BRICS summit has taken place in Russia, and it was a success by any means.

ECONOMY

Iran to continue allocating subsidized currency to rice imports

Iran says it will continue to subsidize rice imports despite calls for more support for domestic farmers.

rice bags

ECONOMIC DIVIDE

BRICS and the new currency

De-dollarization has begun to take effect as the BRICS nations work towards establishing a new national currency.

INDIA

De-dollarization: India, Indonesia to use national currencies in bilateral trade

India and Indonesia sign deal to use their local currencies in bilateral trade, ditching the US dollar.

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ECONOMY

Iran’s rial firms after relations thaw with Saudi Arabia

Iran’s rial gains against major currencies after an agreement to resume diplomatic ties with Saudi Arabia.

price display