The island nation spends $500 million each month importing oil. This summer, massive public outrage over the forex crisis forced President Rajapaksa to quit.

Tehran, June 24, IRNA - Iranian President Hassan Rouhani announced on Wednesday that the Central Bank of Iran (CBI) is capable of getting fluctuations in the forex market under control.

Tehran, June 2, IRNA – Central Bank of Iran (CBI) Governor Abdolnasser Hemmati said on Tuesday that the CBI forex reserves are satisfactory and at a very good level.

Tehran, Jan 1, IRNA – The first session of the court hearing for six misusers of forex market fluctuations was held here on Tuesday.

Tehran, Feb 26, IRNA -- Minister of Economy Ali Tayyebnia said that his ministry is resolved to implement a single foreign exchange rate system to speed up the declining trend of the inflation rate

Tehran, Jan 16, IRNA – First Secretary of the Majlis Energy Commission said oil should not be regarded a source to obtain currency but attention should be paid to its role in improving Iran’s statu

Tehran, Oct 14, IRNA – Governor of the Central Bank of Iran (CBI) Valiollah Seyf said in Washington on Sunday that the CBI major policy aims to give the priority to managed floating exchange rate a

Tabriz, E.Azarbaijan Prov., July 7, IRNA – Minister of Economy and Finance Shamseddin Hosseini said in Tabriz on Saturday that Iranˈs forex reserves are seven-times as many as uiresforeign liabilit

Tehran, April 28, IRNA – Exports of Iranˈs natural gas to Iraq from South Pars fields would increase the countryˈs annual foreign exchange income by five billion dollars, Oil Minister Rostam Qasemi