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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 Using Dollar as Economic Weapon against Other Countries: Iran

A senior Iranian security official says Washington has formally announced that it is using the greenback as an economic tool to impose its will on other countries.

Iran Central Bank Insists on Ditching Dollar in Transactions

Governor of the Central Bank of Iran Valiollah Seif has written a letter to the Iranian minister of trade and industry to reiterate his earlier calls for removing the US dollar from all business transaction.

Iran Gets Closer to Removal of US Dollar from National Economy

Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings.
Iranian MP Urges Use of Alternative Currencies Instead of Greenback

Iranian MP Urges Use of Alternative Currencies Instead of Greenback

An Iranian parliamentarian says using alternative foreign currencies in international financial transactions will ease psychological pressure on the dollar market.
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FATF Once Again Suspends Countermeasures against Iran

The Financial Action Task Force, an international anti-money laundering body, has once again delayed some penalties against Iran, but kept the Islamic Republic in its black list and threatened action in June.

Bitcoin, Other Cryptocurrencies Not Recognized in Iran: Central Bank

The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.

“FATF Accession Impossible If Found to Be against Iran’s National Interests”

An Iranian lawmaker says the Parliament will not approve the country’s accession to the Financial Action Task Force (FATF) if it proves to be against the Islamic Republic’s interests.
FATF

“Iran’s Cooperation with FATF to Increase Impact of Sanctions”

The conservative newspaper Kayhan has harshly criticized the Iranian government’s plan to implement the regulations of the Financial Action Task Force (FATF), saying such cooperation would just make more effective the US sanctions on Iran.

Iran’s Police Makes 90 Arrests to Control Forex Market (+Video)

Ten exchange facilities have been closed down and 90 foreign currency dealers arrested in a police raid in Tehran aimed at controlling the surging forex rates mainly caused by non-economic factors.

Iran Parliament Rejects Framework of Rouhani’s Proposed Budget

The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).

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