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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.

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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).
Massoud Karbasian

‘IMF, Int’l Banks Not Deterred by Trump’s Pressure from Working with Iran’

Iranian minister of economic affairs and finance says the US president’s recent anti-Iran remarks have had no impact on the approaches of the European and Asian banks as well as international financial institutes towards the Islamic Republic.

Iran Signs Deal with Turkey to Smooth Financial Transactions

The Chief Executive Officer (CEO) of Iyzico, an Istanbul-based payments startup, said the company has signed a deal with an Iranian firm, which would...

Netherlands Consultants Assist in Saving Energy and Environment

Farhad Sharif, the deputy of international affairs, met Marten C. van den Berg, the vice minister for foreign trade of the Ministry of Foreign Affairs of the Netherlands, and Susanna Terstal, the ambassador. 11 April 2016 ICCIMA – A group of Dutch companies came to Iran Chamber of Commerce to meet their Iranian counterparts for collaborations in the fields of agriculture, energy, oil and healthcare services. They were accompanied by the vice minister for foreign trade of the Netherlands.

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.
Saeed Laylaz

Economic Analyst Explains Why Iran Didn’t Turn into a Second Venezuela

An Iranian analyst has explained why Iran’s economy found its way to growth during the past years while the Venezuelan economy ended in meltdown in spite of having better economic conditions.
dollars

Iranian Jewish MP Stresses Removal of US Dollar from Trade Deals

Siamak Moreh Sedgh, the representative of Iranian Jews at the Parliament, says the US dollar needs to be removed from Iran’s business transactions in a bid to put an end to the US monopoly.
Iran to Join FATF

Iran to Join FATF by May: Central Bank Governor

The governor of the Central Bank of Iran believes that the country will be able to meet the conditions needed to become a full-time member of the Financial Action Task Force when the organization takes up Iran's case in May.
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.

Iran’s President Forms Committee to Reclaim Money Seized by US

Iranian President Hassan Rouhani has set up a committee to find a way to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, an Iranian diplomat announced.

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