Finance

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.

Velayati Raps US Supreme Court Ruling to Seize Iran’s Assets

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.
Dollars

Iran to Set Up Offshore Bank in Kish Island: Report

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.

Zarif Calls for ‘Tangible’ European Steps to Facilitate Banking Transactions

Iranian Foreign Minister Mohammad Javad Zarif called on the European parties to the July 2015 nuclear deal between Tehran and world powers to seriously address problems hindering foreign banks from trying to work with Iran.
Iranian Ambassador to Berlin Ali Majedi

Iran Settles €500m Debt to Germany’s Hermes Firm: Envoy

Iranian Ambassador to Berlin Ali Majedi said the Islamic Republic has cleared its debt to Germany’s Hermes insurance company.
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Germany to set up Bank in Iran: Official

According to the regulations of free trade zones, foreign investors can establish new banks or bank branches in these zones, Seif said.

Kerry assures world business transactions with Iran are safe

US Secretary of State John Kerry assured the world that financial transactions with Iran are safe and European banks should not be worried in this regard.
Tahmasb Mazaheri

China won’t return Iran’s oil money even after a deal: Former top banker

Under a deal the Ahmadinejad government signed with the Chinese, the Chinese have been entrusted with holding Iran's assets.
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Iran’s Official Currency to Be Changed from Rial to Toman

Iran’s government has approved a bill to change the country’s official currency from Rial to Toman (1 toman equals 10 rials).

‘Japanese banks eyeing foothold in Iran’

A senior Japanese official has called for more opportunities for his country’s banks to increase their cooperation with Iranian financial institutes.

JCPOA Should Help Implementation of “Resistance Economy”

Iran’s Hassan Rouhani has urged that the opportunities provided by the JCPOA be taken advantage of to improve interaction with the world and the implementation of “Resistance Economy.”

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