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De-dollarization gaining momentum, more countries joining in: Russian diplomat
A senior Russian diplomat said more countries around the world are joining an initiative to use local currencies for settlement of trade payments as the US dollar becomes increasingly unreliable because of Washington’s sanction policies.
Dollar drops in Iranian market
The price of the dollar fell by 6,070 rials to hit 245,980 rials on Saturday compared to the last working day in Iran on Wednesday (265,000 rials), according to a report by IRNA on Saturday.
CBI supplies over $32b for import of basic goods
The Central Bank of Iran (CBI) has supplied $32 billion for importing basic commodities since the beginning of the current Iranian year (March 20, 2020), the CBI governor said on Wednesday.
Gold halts losing run as investors weigh dollar, Biden stimulus
Gold steadied after the longest run of daily declines since November as investors weighed the impact of a stronger dollar and rise in US Treasury yields against expectations for further massive stimulus.
Gold roars out of the blocks in 21 as dollar, real yields hurt
Gold powered to the highest level in almost two months above $1,900 an ounce, aided by a weaker dollar, building on the biggest annual advance in a decade. Silver also surged on the first full trading day of the new year, while platinum advanced to its priciest since 2016.
Gold gains on softer dollar; US Senate pandemic aid vote eyed
Gold inched higher on Tuesday as a softer dollar underpinned the metal, with market participants looking forward to a US Senate vote on increased pandemic aid.
Dollar falls to 2018 lows as vaccine progress fuels risk demand
The dollar dropped to a two-and-a-half year low as fast-tracked plans to roll out a coronavirus vaccine in the US bolstered appetite for risk assets.
Dollar plunge in Iranian market cutting car prices: Report
The fall in car prices, which started a few weeks ago, is currently on a downward trend due to the fall in the price of the US dollar, and a decrease of five billion to 20 billion rials can be seen in the prices of foreign-made cars.
Iran’s rial gains after Trump’s illness hurts re-election bid: Report
Iran’s rial has strengthened against the US dollar in the unofficial market mainly on speculations that US President Donald Trump’s sickness could hurt his re-election chances in the next month’s elections.
As Russia, China form a new 'financial alliance', is the dollar headed for a crash?
As the dollar continues its decline against the backdrop of an economy battered by the coronavirus pandemic, with the US Federal Reserve pushing for quantitative easing and nearly-zero interest rates to offset the impact of the health crisis, the greenback's role as a universal store of value is now being questioned as never before.
Dollar sinks to two-year low on concern over US virus toll
The dollar weakened to a two-year low as sharp increases in US coronavirus cases and flare-ups around the world weighed on investor confidence.
Dollar rate falls significantly on second day of downward trend
The US dollar’s rate in the Iranian market witnessed a significant drop of 20,000 rials on Tuesday, to continue its declining trend for the second consecutive day.

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