Wednesday, April 17, 2024

Finance

Official: Iran, Russia left SWIFT system

Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.

Iran rejects US media reports over unblocked assets in Qatar

Nour News, which is affiliated to Iran's Supreme National Security Council, has rejected a US media report that Tehran had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.

Iranian speaker: BRICS’ equivalent of SWIFT can replace US-owned money transfer system 

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf says BRICS has its own money transfer system which can replace US-owned SWIFT.  

Iran starts using newly-unblocked assets in Qatar

Tehran and Doha have agreed a mechanism that allows Iran to tap into funds recently unfrozen and deposited into bank accounts in Qatar as part of an agreement with the United States.

Iranian expert calls for resolving FATF-related concerns

An Iranian foreign policy expert says before pursuing India-Europe trade routes, Iran should resolve the issue of sanctions and addressing the FATF (Financial Action Task Force) concerns.

Qatar confirms $6 bln in unblocked Iranian assets transferred to Doha

Qatar has confirmed that unfrozen Iranian funds worth $6 billion have been transferred to bank accounts in Doha, a source briefed on details of the matter told Reuters on Monday.

US says Iran’s blocked funds to be transferred to Qatar ‘in coming days’

US State Department spokesperson Matthew Miller has stated that Iran's frozen assets will expectedly be transferred to the "final destination" in Qatar in the "coming days or so".

President Raisi says Iran has authority on released assets

Iranian President Ebrahim Raeisi has stressed Tehran’s full authority on its recently-unblocked funds, saying it is the Islamic Republic that decides how to spend the funds and that the money will be spent "wherever we need it."

US issues sanctions waiver to allow transfer of Iran’s frozen funds abroad

The Biden administration has issued a blanket waiver for international banks to transfer six billion dollars in blocked Iranian assets from South Korea to Qatar with no concern about Washington's sanctions.

Russia’s largest lender launches new service in Iran

Russia’s largest lender Sber is offering a new service that allows its clients to transfer money to Iran, the bank announced on Thursday.

Releasing Iran’s assets in South Korea opens new chapter in bilateral ties: FM

Iran's Foreign Minister Hossein Amirabdollahian has stated that a recent agreement reached to unblock the country’s frozen funds in South Korea will open a new chapter in the two country’s relations.

Iran, Russia ink deal on standardization of traded goods

Iran and Russia have signed a five-year cooperation agreement on the standardization of products traded between the two countries, in particular non-industrial goods and halal products, the Iranian Embassy in Russia has announced.

Massive embezzlement scheme uncovered in Tehran state bank, preventing huge losses

In a shocking revelation, the Prosecutor of Tehran has announced the investigation into a major embezzlement case involving a staggering amount of 29 thousand billion rials in one of Tehran's state banks.

Iran says has no more blocked assets in any country

Iranian Foreign Minister Hossein Amirabdollahian has stated that Tehran has no more funds frozen in any country due to the US sanctions and that Tehran can now utilize its own assets.

Frozen Iranian funds transferred to Swiss central bank: Report

Iranian assets that had been blocked in South Korea were transferred to Switzerland's central bank last week for exchange and transfer to Iran, South Korean media reported on Monday.

Iran says received guarantees for release of its frozen assets

Tehran has received the “necessary guarantees” that its assets blocked abroad due to the US sanctions will be unblocked under an agreement mediated by regional friends, Iranian Foreign Ministry Spokesperson Nasser Kanaani told reporters on Monday.

Chief banker says Iranian bank accounts in Qatar to process released funds

Governor of the Central Bank of Iran Mohammad Reza Farzin has stated that Iranian funds recently unblocked in South Korea as part of a prisoner swap agreement with the United States will be deposited to accounts held by Iranian banks in Qatar despite reports suggesting that Qatar’s central bank will have control over the funds.

Iran confirms South Korea unfreezing assets, release of prisoners from US

The Iranian Foreign Ministry says the process of releasing billions of dollars from the assets of the Islamic Republic of Iran, which were illegally seized in South Korea by the United States for several years, has begun.

Senior MP says Iran has many options to force South Korea to return frozen funds

A top member of Iran’s parliament has warned that Tehran has many options to force South Korea to pay back over $7 billion of Iranian funds that have remained blocked in the Asian country under the pretext of compliance with US sanctions.

Raisi presents to parliament motion to appoint arbiters in dispute with South Korea over frozen assets

Iranian President Ebrahim Raisi has forwarded to the Parliament a motion to appoint arbiters in a dispute with South Korea over frozen Iranian assets in the East Asian country.

World Bank says Iran has become world’s 3rd largest energy subsidizer

Iran is the third-largest worldwide provider of subsidies for energy consumption, a new report by the World Bank shows.

Iran’s Central Bank chief holds ‘successful’ meeting with Qatari counterpart

The governor of the Central Bank of Iran (CBI) says he held a meeting with his Qatari counterpart for talks on financial cooperation between the two neighbors.

1st VP: Iran’s asset frozen by US bans released in some countries

Iran’s First Vice President Mohammad Mokhber says the country’s assets frozen by US sanctions have been released in some countries, and that Tehran is making efforts to get access to the rest.

Iran’s Central Bank governor meets IMF chief in Washington

The governor of the Central Bank of Iran (CBI) holds a meeting with the managing-director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington for talks on ways to expand bilateral interactions and cooperation.

Iran to soon gain quick access to $6.7 billion of its financial resources at IMF: CBI chief

Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says the country will soon acquire quick access to $6.7 billion of its financial resources at the International Monetary Fund (IMF).

Latest news