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Latest Financial News in Iran – 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, South Korea Reach Deal on Transfer of Iranian Assets

Iran, South Korea Reach Deal on Transfer of Iranian Assets

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and the South Korean ambassador to Tehran have reached a deal on how to transfer and use part of the Iranian assets in South Korean banks.

Iran Planning to Replace POS Terminals with Smartphone Payment System

The Central Bank of Iran (CBI) will soon unveil a project whereby customers will use their mobile phones for shopping at stores instead of making payments via POS machines.

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

The governor of the Central Bank of Iran (CBI) says the country is much better off when it comes to the export of oil and oil products compared to the past.
Ali Rabiei

‘US Expected to Release Iran’s Frozen Assets to Be Used in Fight against COVID-19’

The Iranian government spokesman has urged the new US administration to release Iran’s frozen assets, so that Tehran can use them to fight the coronavirus pandemic and buy food and medicines for its citizens.

Iran, Oman Discuss Promotion of Bilateral Banking, Trade Ties

The governor of the Central Bank of Iran (CBI) has discussed the promotion of trade and banking cooperation with Oman during a visit to Muscat.

Iran, Armenia Discuss Closer Trade, Economic Ties

The governor of the Central Bank of Iran (CBI) has underlined the importance of enhancing cooperation with Armenia.

Iran Allots $10 Billion to Support Local Producers

The Central Bank of Iran (CBI) has set aside $10 billion to support domestic production, according to a senior Iranian official.

South Korea Seizing Iranian People’s Food, Drug Money: Zarif

In comments on Wednesday, Mohammad Javad Zarif once again criticized Seoul for seizing Iran’s assets "upon US orders".“’ We told South Korean officials that...
US Plot to Destabilize Iran’s Forex Market Failed: Central Bank Chief

South Korea Should Pay Penalty for Freezing Iran’s Assets: Top Banker

Governor of the Central Bank of Iran Abdolnasser Hemmati says the South Korean banks that have blocked Iran’s funds should pay the damage suffered by Tehran during the past two years.
No Legal Verdict against Iranian Banks in Bahrain: CBI Official

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

The Central Bank of Iran (CBI) says the European financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) has failed to fulfill its objectives.