Search results
Results from the WOW.Com Content Network
In 1998, in order to ease pressure on exporters, the central bank introduced a currency certificate system allowing exporters to trade certificates for hard currency on the Tehran Stock Exchange, thus creating a floating value for the rial known as the "TSE rate" or "market rate". This method finally replaced the fixed "export rate" (Rls 3,000 ...
Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its ...
The Iranian toman (Persian: تومان, romanized: tūmân, pronounced [tuː.mɒːn]; from Turko-Mongolian tümen "unit of ten thousand", [1] [2] [a] see the unit called tumen) is a superunit of the official currency of Iran, the rial. One toman is equivalent to 10 (old), or 10,000 (new, official) rials.
A man poses for a photo without showing his face as he counts U.S. dollars at Ferdowsi street, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Wednesday, Dec. 18, 2024.
The Iranian president is set to meet with his Pakistani counterpart Asil Ali Zardari who helped launch the pipeline project after travelling to Iran in 2013. He also met with Pakistan's Foreign ...
Iran's President Ebrahim Raisi and Pakistan's Prime Minister Shehbaz Sharif vowed on Monday to boost trade between the neighbouring nations to $10 billion a year, as Raisi commenced a three-day ...
The one hundred thousand rial banknote is a denomination of Iranian currency that was issued in 2010, replacing the 50,000 rial note as the largest denomination. [1] The bill features Rouhollah Khomeini's portrait on the front and the Tomb of Saadi on the back. [2]
Petroleum constitutes 56% of Iran's exports with a value of $60.2 billion in 2018. [18] For the first time, the value of Iran's non-oil exports is expected to reach the value of imports at $43 billion in 2011. [290] Pistachios, liquefied propane, methanol (methyl alcohol), hand-woven carpets and automobiles are the major non-oil exports. [291]