Finance

Economic Analyst Explains Why Iran Didn’t Turn into a Second Venezuela

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.

Increasing Dollar Rates in Iran Provoke Criticism

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.

Iranian Banks Authorized to Sell Dollars at Free Rates

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.

Iranians Will Be Able to Use Their Debit Cards in Other Countries

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

Iran’s Official Currency to Be Changed from Rial to Toman

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

CBI Chief Urges Closer Banking Cooperation between Iran, Afghanistan

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

Washington’s Anti-Iran Efforts Are Because US Doesn’t See Itself Beneficiary

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.

Iran Ready to Boost Banking Ties with Singapore: CBI Chief

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.

UK Lifts Sanctions on Key Iranian Bank

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

‘US Failed to Do Its Side of Iran Deal’

Iran top banker says the United States has failed to do its share of lifting economic sanctions against Iran as per a deal that was signed over the country’s nuclear energy activities last summer.

US Pledges Not to Punish Banks Engaged with Iran: Zarif

Iran says the United States has vowed not to punish European banks that facilitate transactions with it.

Iran’s SNSC Sets New Conditions for Joining FATF

Head of Iran’s Strategic Council on Foreign Relations Kamal Kharrazi said the country’s Supreme National Security Council (SNSC) has set some new conditions for joining the Financial Action Task Force (FATF).

Iran’s Top Anti-Money Laundry Body Clears FATF Ambiguities

The Anti-Money Laundering Supreme Council has issued a statement to clear the vague points about Iran’s accession to the Financial Action Task Force (FATF).

FATF Deal against Iran’s National Security: MP

A senior Iranian lawmaker warned that an agreement between the Islamic Republic and the Financial Action Task Force (FATF), the policy-making body of the international financial system, threatens the country’s national security.

FATF Has Nothing to Do with JCPOA: Spokesman

Iranian Foreign Ministry Spokesman Bahram Qassemi announced that the country’s alleged deal with Financial Action Task Force (FATF) has nothing to do with the nuclear deal between Tehran and world powers.

Iranian Banks to Open Branches in Munich

German media say three Iranian banks plan to open branches in Munich in the near future in what is expected to help stimulate business ties between the two countries.

Iranian Banks to Open Representative Offices in UK, Italy, Germany

Central Bank of Iran (CBI) has reported that Iranian banks are planning to establish their representative offices in three European countries of Britain, Italy and Germany.

Iran Seeking Major Financial Reforms: CBI Chief

Central Bank of Iran (CBI) Chief Valiollah Seif announced plans for a comprehensive reform of the country’s financial sector, including changes in laws and regulations of the banking sector and the Central Bank.

US Has Given another $1.3 Billion of Iran’s Money: Report

US payment of $400 million of Iranian money which sparked outcry among American politicians has been followed by another transfer of $1.3 billion, media reports say.

MasterCard Dismisses Reports on Its Activity in Iran

The US-based multinational financial services corporation MasterCard has rejected the recent reports on its cooperation with Iran.

Iran to Introduce MasterCards: Minister

Iran is about to introduce credit card services processed by global payment operator MasterCard for the first time, Communications and Information Technology Minister Mahmoud Vaezi says.

Tehran Ready to Work with Baku on E-Commerce and Financial Post Services

Iran’s Minister of Communications Mahmoud Vaezi said the time is ripe for mutual cooperation between the two countries in the fields of e-commerce and financial post services.

No Hitch to Developing Iran-Pakistan Banking Relations: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says there is no obstacle in the way of the expansion of banking relations between Iran and Pakistan.

Meeting of Iran’s Central Bank, US Treasury, and Int’l Banks Postponed

A meeting between officials from the Central Bank of Iran (CBI), the US Treasury and international banks in London to discuss banking restrictions on trade with Iran despite a lasting nuclear deal between Tehran and world powers has been delayed, the British government said.

Tehran Stock Exchange joins World Federation of Exchanges

An Iranian official says the Tehran Stock Exchange (TSE) is joining the World Federation of Exchanges (WFE).

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