Iran says the United States has vowed not to punish European banks that facilitate transactions with it.
The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates of the dollar.
A senior Iranian official has dismissed a recent report that European banks had asked Iran to provide guarantees to compensate for possible future penalties imposed by the US for resuming banking activities with Iran. Text from IRNA, translated by IFP.
An Iranian MP has emphasised the need to use the international accounting standards in order to attract foreign investors to Iran.
Iran plans to open an offshore bank in the southern island of Kish “within a month” in a bid to facilitate its trade transactions and process international payments, a report said.
Finance Minister Michel Sapin announced that Paris is working on plans to issue direct loans to companies that want to invest in Iran.
Tehran and Beijing have agreed to join hands in the fight against corruption, terrorism, and money-laundering.
We did not expect to see the Iranian people and companies in such welfare and comfort: rather we thought that the sanctions have paralyzed the life and economy of Iran, said Silvano Pascuno.
Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.
Head of the Strategic Research Center of Iran’s Expediency Council, Ali Akbar Velayati, criticized the US decision to seize nearly $2bn of the Central Bank of Iran’s assets in an American bank, describing the move as an indication of Washington’s “bullying” approach.