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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.

Iran to Use Qatar, Instead of UAE, as Its Hawala Trade Hub

Iran will use Qatar to facilitate payment orders in foreign currencies, phasing out such operations in Dubai where restrictions imposed by the UAE government are making financial transactions difficult.

Why Are Citizen Investment Programs Valuable?

Citizen Investment Programs have turned into a popular option for people across the world, especially for business travellers who don’t have to wait for weeks or months for the visa to be approved.

Unification of Forex Rates Pre-Emptive Response to US Plot: Iran

Iranian President Hassan Rouhani has defended his government’s plan to unify official and free market exchange rates for the Iranian currency rial against the US dollar, saying it foiled a plot hatched by Washington to foment economic instability in Iran.

Iran Officially Replaces US Dollar with Euro in Int’l Transactions

The Iranian government has decided to replace the US dollar with euro in its international transactions in a move to prevent the greenback’s fluctuations from negatively affecting the Iranian economy.

Iran, Uruguay Discuss Expansion of Banking, Agricultural Ties

Iran’s Foreign Minister Mohammad Javad Zarif and Uruguayan President Tabaré Vázquez have called for expansion of collaborations in various fields, particularly banking and agriculture.

Iran Leader Hails Idea of Replacing Dollar with Euro in Int’l Transactions

The Governor of Iran’s Central Bank Valiollah Seif says the government eyes replacing the US dollar with the euro in its international transactions and the idea has been welcomed by the Leader Ayatollah Khamenei.

12 Arrested in Tehran over Illegal Currency Exchange

Tehran’s police chief says 12 unlicensed dealers accused of disrupting Iran’s currency market have been arrested on Tuesday, as part of measures to stabilise the rial that has been going down in recent weeks.

Iran Gov’t Steps in to Control Forex Market

Iran's First Vice President Eshaq Jahangiri has announced that his country will unify official and open market exchange rates following the Rial's recent drop against the dollar.

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.

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