Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.
Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.
A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.
Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.
Tehran and Rome on Thursday signed a framework credit agreement worth five billion euros whereby Italy will help its companies invest in Iran.
Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic.
Iranian parliamentarians have given the go-ahead to “financing” sources of income proposed by the government in next fiscal year’s budget bill.
Iran's ambassador to Britain says an outstanding debt owed by the UK to Tehran will be transferred to the Central Bank of Iran soon, in what will mark an end to the decades-long legal dispute between the two sides.
A group of Iranian tradesmen say Emirates NBD, one of the largest banking groups in the Middle East in terms of assets, has stopped offering banking services to them.
Siamak Moreh Sedgh, the representative of Iranian Jews at the Parliament, says the US dollar needs to be removed from Iran’s business transactions in a bid to put an end to the US monopoly.