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.

Iran’s Police Makes 90 Arrests to Control Forex Market (+Video)

Ten exchange facilities have been closed down and 90 foreign currency dealers arrested in a police raid in Tehran aimed at controlling the surging forex rates mainly caused by non-economic factors.

Iran Parliament Rejects Framework of Rouhani’s Proposed Budget

The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).

OECD Upgrades Iran’s Risk Rating to 5

The Organisation for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), moving it up one notch from 6 to 5.

Iran Arrests Suspects behind Volatility of Exchange Market

Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.
Unemployment Rate Down, Economic Growth Rate Up in Iran

Unemployment Rate Down, Economic Growth Rate Up in Iran

Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.

Iran’s Foreign Exchange, Gold Reserves More than US: CIA

A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.

Iran’s Forex Revenues Outstrip Expenses: President Rouhani

Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.
Iran, Italy Sign €5 Billion Investment Deal

Iran, Italy Sign €5 Billion Investment Deal

Tehran and Rome on Thursday signed a framework credit agreement worth five billion euros whereby Italy will help its companies invest in Iran.
Russia's EXIAR to Provide 'Unlimited Funds' for Iranian Banks

Russia’s EXIAR to Provide ‘Unlimited Funds’ for Iranian Banks

Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic. 
Iran's Parliament

Iran Parliament Okays $50bn in Financing for Next Year’s Budget Bill

Iranian parliamentarians have given the go-ahead to “financing” sources of income proposed by the government in next fiscal year’s budget bill.

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