Finance

Iran’s administration has set up a committee to take a series of legal and political measures to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, a Foreign Ministry spokesman said Monday.

German businesspeople seem to be dissatisfied with German Chancellor Angela Merkel’s hard line on Iran because of Tehran’s anti-Israel stances, and expect Vice-Chancellor Sigmar Gabriel to enhance mutual cooperation with Iran in his Monday visit.

The United Nations on Friday suggested it would be willing to assist in a dispute between Tehran and Washington after Iran requested UN help in convincing the United States to stop what the Islamic Republic says are violations of state immunity.

Iranian Foreign Minister Mohammad Javad Zarif sent a letter to the United Nations Secretary General Ban Ki-moon, stressing that Tehran will take whatever action to get back the Central Bank of Iran’s assets that the US has recently seized under a court ruling.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the US has resorted to “deception” to obstruct international trade with Iran despite a nuclear agreement.

Iranian President Hassan Rouhani lashed out at a recent US court ruling to confiscate nearly $2bn of Iran’s property, calling it a clear example of theft and a big legal scandal, and stressing that no one can encroach upon the rights of the Iranian nation.

The International Monetary Fund (IMF) has pointed to a significant rise in Iran’s foreign exchange reserves.

Head of the Strategic Research Center of Iran’s Expediency Council, Ali Akbar Velayati, criticized the US decision to seize nearly $2bn of the Central Bank of Iran’s assets in an American bank, describing the move as an indication of Washington’s “bullying” approach.

Iranian President Hassan Rouhani has set up a committee to find a way to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, an Iranian diplomat announced.

Foreign Ministry Deputy for Legal and International Affairs Abbas Araqchi said the powerful stands taken by the head of Iran’s Central Bank has resulted in the US announcement that non-American banks have no problems in transactions with Iran.

US Secretary of State John Kerry assured the world that financial transactions with Iran are safe and European banks should not be worried in this regard.

Secretary of State John Kerry before meeting Iranian Foreign Minister Mohammad Javad Zarif on Friday said US has no objection does not stand in the way of foreign banks engaging with Iranian banks and companies.

The head of the Iranian Investment Organization, Mohammad-Khazaie, joined the UN Conference on Financing for Development in New York.

A Russian deputy minister said that the legal barriers for Moscow’s key state loan to Tehran have been lifted.

Central Bank of Iran has rejected the claim by San Francisco-based Paymentwall that it has integrated its payment services into Shetab - Iran’s local payment system.

Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.

British banks are tentative to re-engage with Iranian financial entities as anti-Tehran sanctions are still in place and not fully lifted, despite a lasting nuclear deal between Iran and six world powers, a British official said.

The Head of Iran’s Chamber of Commerce complained to Germany’s Agriculture Minister about the effects of the continuation of Germany’s banking sanctions even after the implementation of JCPOA.

Farhad Sharif, the deputy of international affairs, met Marten C. van den Berg, the vice minister for foreign trade of the Ministry of Foreign Affairs of the Netherlands, and Susanna Terstal, the ambassador. 11 April 2016 ICCIMA – A group of Dutch companies came to Iran Chamber of Commerce to meet their Iranian counterparts for collaborations in the fields of agriculture, energy, oil and healthcare services. They were accompanied by the vice minister for foreign trade of the Netherlands.

Italian Prime Minister Matteo Renzi will visit Iran on Tuesday and will be accompanied by 120 leading economists and company representatives.

415,000 MT of commodities worth over $157 million were traded in Iran Mercantile Exchange (IME) early April, the value and volume of trading experienced a growth of 99% and 124% respectively.

A senior banking official said Tehran and Ankara will open new chapters in their banking relations.

Secretary of State John Kerry said that Iran deserves access to US dollars out of fairness because Tehran has met its core obligations under the nuclear agreement, the Washington Free Beacon reported.

Tehran’s benchmark TEPIX index rises above the 80,000-point mark for the first time in two years, driven by continued optimism about prospects of an economic growth following the lifting of sanctions.

Iran’s Bank Sepah announced on Tuesday that it has been reconnected to SWIFT international banking services system after almost a decade.