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.

Mohammad Javad Zarif

US Pledges Not to Punish Banks Engaged with Iran: Zarif

Iran says the United States has vowed not to punish European banks that facilitate transactions with it.
Dollars

Iranian Banks Authorized to Sell Dollars at Free Rates

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.
majid Takhte Ravanchi

Any Request for Banking Guarantees in Ties with Europe Is Nonsense: Official

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.
economy

MP Calls for Use of IFRS to Boost Foreign Investment in Iran

An Iranian MP has emphasised the need to use the international accounting standards in order to attract foreign investors to Iran.
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.
France Economy Minister

France to Give Loans to Companies Investing in Iran

Finance Minister Michel Sapin announced that Paris is working on plans to issue direct loans to companies that want to invest in Iran.
Nasser Seraj

Iran, China agree to broaden cooperation in fight against terrorism, money laundering

Tehran and Beijing have agreed to join hands in the fight against corruption, terrorism, and money-laundering.
Iran-Italy

Italian Companies Eyeing Investment in Iran

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.

CBI to Chair IFSB

Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.

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.

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