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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.

FATF

Parliament Approves Iran’s CFT Accession

Iranian legislators have passed a bill that gives the government the green light to join an international convention on fighting the sponsoring of terrorism.

Iran, Russia to Ditch US Dollar in Bilateral Trade

Governor of the Central Bank of Iran Abdolnasser Hemmati says Tehran and Moscow are seeking to carry out transactions using their national currencies, gradually ditching dollar and other currencies in their trade relations.

Iranians Selling Their Greenbacks Overnight as Rial Regains Lost Value

Huge crowds of people are seen in viral photos and videos flocking to foreign currency markets on Monday night to sell their US dollars as its rate went on a downhill spiral and experienced a historic plunge of over 20 percent in a few hours.

Protest Rally Held before Iran Parliament against FATF-Related Bill

A crowd of conservatives gathered in front of the Iranian parliament on Sunday to protest against a bill on Iran’s accession to Combating the Financing of Terrorism (CFT) convention, which is to be put to a vote in the parliament this week.
Parliament

Iran Parliament Passes FATF Bills; Expediency Council to Make Final Call

Iran’s Parliament speaker says two parliamentary bills required for Iran’s accession to the global anti-money laundering body FATF have been unanimously ratified by the Parliament after being rejected by the Guardian Council, and will soon be put to vote at the country’s Expediency Council.
FATF

Foreign Ministry Explains Why Iran Needs to Adopt FATF Standards

The Iranian Foreign Ministry has released a statement to answer a number of frequently asked questions and concerns regarding the Islamic Republic of Iran’s engagement with the Financial Action Task Force (FATF).

Turkey Calls for Establishment of Joint Bank with Iran

A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.

Iran Says Two US Departments Manipulating Its Currency Market

A report by the Iranian government says the US state and treasury departments, along with the country’s intelligence bodies, have started concerted efforts to manipulate Iran’s currency market.

Forex Offices Allowed to Import Foreign Currencies to Iran

The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
FATF

Iranian MPs to Review Bill on Iran’s CFT Accession

The Iranian parliament is to review a bill on Iran’s accession to Combating the Financing of Terrorism (CFT), which was earlier proposed by the government as part of measures to adopt the standards set by the Financial Action Task Force (FTAF).

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