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News and opinion on the banking and finance sectors domestically and abroad. It includes national-level policy-making, the Central Bank of Iran, the stock exchange, as well as private actors in the field.

US Confiscates Millions of Dollars of Iranian Bitcoins

An Iranian figure says the US federal government has so far seized 500 bitcoins owned by Iranian people worth over five million dollars.
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Iran Mulling over Use of Crypto-Currencies to Evade US Sanctions

A senior Iranian lawmaker says digital currencies are among the major mechanisms which the Islamic Republic can use to evade the US sanctions, and the Parliament will soon discuss the issue.

‘Sultan of Gold Coins’ Arrested in Tehran

Iranian police forces have arrested a man who had hoarded about two tonnes of gold coins over a period of 10 months.

EU Parliament Allows European Investment Bank to Work with Iran

EU lawmakers allowed the European Investment Bank (EIB) on Wednesday to do business in Iran despite the US sanctions on the Islamic Republic, keeping alive plans to save the 2015 nuclear deal with Tehran after the US withdrawal.
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FATF Extends Suspension of Counter-Measures against Iran until October

The Financial Action Task Force says it has decided to continue the suspension of its counter-measures against Iran, but Tehran needs to enact amendments to its AML and CFT laws and ratify the Palermo and TF Conventions by October.

Iranian MPs Push for Cabinet Reshuffle amid Devaluation of National Currency

A huge number of parliamentarians sent an open letter to President Hassan Rouhani calling on him to immediately reshuffle his Cabinet to control a dramatic decline in the value of rial that has depressed markets in recent days.  

Iranian Minister Urges FIFA to Pay Its Frozen Money

Iran’s Minister of Sports and Youth Affairs Massoud Soltanifar has called on the Federation Internationale de Football Association (FIFA) to release the Islamic Republic’s frozen money as soon as possible.

Iran President Issues Orders to Push Down Soaring Prices

Iran’s President Hassan Rouhani has ordered relevant organizations to adopt appropriate measures to push down the soaring prices of goods in the country.

IRGC’s Construction Base Ready to Work with Foreign Investors

The commander of Khatam al-Anbia Construction Base says the IRGC-affiliated conglomerate is prepared to work with foreign investors who are willing to fund Iranian construction projects.

Iran, China to Use National Currencies in Trade Transactions

The Iranian minister of finance and economic affairs says Iran and China have agreed to use the national currencies of both countries in their trade transactions.

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