Finance

Iran’s President Hassan Rouhani criticized a recent decision by the US to seize nearly $2bn of Iranian money, stressing that no country can make decisions about the assets of another state.

US Secretary of State John Kerry is planning to hold talks with representatives of a number of British banks this week in London in a move to allay their concerns about forging ties with Iran.

There is no major obstacle to the sale of Iranian crude in international markets, an Iranian deputy oil minister for international affairs and marketing said.

The Indian oil minister said the South Asian country is scheduled to pay an outstanding oil debt to Tehran via European banks.

The significant and historical visit of the Indian Prime Minister Narendra Modi to Iran, slated for May 22, provides a golden opportunity for both countries to develop ties and focus on ways of settling their financial disputes.

Iran and Switzerland held a first round of financial talks in Bern and explored grounds for cooperation by presenting reports on their respective financial and banking activities and monitoring systems.

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.