Finance

Which are the most profitable markets for investment in Iran? This is perhaps the main question lingering in the minds of all investors and even those who are seeking to launch a business in Iran with their savings.

A senior Iranian lawmaker says the West’s refusal to remove Iran from the FATF’s blacklist is a breach of their commitments and a move to extract more concessions from the Islamic Republic.

Iranian foreign minister and German finance minister have conferred on Tehran-Berlin banking cooperation in a Monday meeting in Berlin.

The world’s anti-money laundering body, known as FATF, has extended the suspension of its restrictions on Iran, lauding the Islamic Republic’s commitment to implement measures to address shortcomings in its anti-money laundering policies.

Iranian Foreign Minister Mohammad Javad Zarif denounced the US government’s moves to seize or put freezes on Iran’s assets abroad as a plain case of international banditry.

A number of Iranian nationals living in Britain have rejected the reports about the closure of their accounts in UK banks, expressing concern over the spread of such rumours which can tarnish their reputation and lead to the creation of growing distrust towards them.

Iranian people are authorized to keep up to 10,000 euros or its equivalent in other currencies, according to the country’s central bank.

Iran’s parliament speaker says the signature of a nuclear agreement between Tehran and the P5+1 group has led to a relative rise in foreign investment in the country.

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.

A recent move by the US Treasury Department to allow US nationals to open accounts at Iranian banks could be perceived as US President Trump’s first positive move towards implementing the nuclear deal with Tehran.

A number of Iranian lawmakers have criticized the Financial Action Task Force (FATF) for its anti-Iran statement, and called on Iranian officials to be extremely cautious about the privileges they grant the organization.

Finance Minister Michel Sapin announced that Paris is working on plans to issue direct loans to companies that want to invest in Iran.

A source close to the Central Bank of Iran announced that Americans who live in Iran can open bank accounts in the country.

An Iranian lawmaker underlined the need for using global financial standards in Iran’s economy so that the country’s international banking and economic relations can develop.

An Iranian MP has emphasised the need to use the international accounting standards in order to attract foreign investors to Iran.

The World Bank says Iran’s foreign debts have significantly dropped since 2011 when the country faced a series of US-led sanctions.

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.

The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions.

The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates of the dollar.

An Iranian official says the country’s debit cards will be connected to global banks in the coming months.

Iran’s government has approved a bill to change the country’s official currency from Rial to Toman (1 toman equals 10 rials).

Governor of Central Bank of Iran (CBI) Valiollah Seif called for efforts to boost banking cooperation between the Islamic Republic and neighboring Afghanistan.

Iran says efforts by countries to expand post-sanctions trade ties with it are being hampered by the United States because Washington does not see itself as a beneficiary of the re-opening of the Iranian business environment.

Governor of Central Bank of Iran (CBI) Valiollah Seif, who is on an official visit to Singapore, voiced the Islamic Republic’s readiness to boost banking cooperation with the Southeast Asian country.

The British government has announced that it has removed Bank Saderat Iran (BSI) from its list of sanctioned entities.