Latest Financial News in Iran – News and opinion on the banking and finance sectors domestically and abroad. It includes national-level policy-making, the Central Bank of Iran, the stock exchange, as well as private actors in the field.
A ranking Iranian diplomat said there are no more limits on the country’s financial transactions with foreign banks in euros, a clear sign of which was India’s recent move to clear part of its debts to Iran in euros through a Turkish bank.
The governor of the Central Bank of Iran (CBI) said the global banks need “reassurances” that they will not be accused of breaching sanctions if they rekindle ties with the Islamic Republic despite a lasting nuclear deal between Tehran and world powers.
Central Bank of Iran (CBI) Chief Valiollah Seif censured certain Western countries, the US in particular, for failing to meet their commitments under a nuclear deal between Tehran and six world powers (also known as the JCPOA).
A senior Iranian official has dismissed a recent report that European banks had asked Iran to provide guarantees to compensate for possible future penalties imposed by the US for resuming banking activities with Iran. Text from IRNA, translated by IFP.
The government’s Special Workgroup on the US Seizure of Central Bank Assets has drafted a report of the developments on the US encroachments on the Central Bank assets.
Iran’s Hassan Rouhani has urged that the opportunities provided by the JCPOA be taken advantage of to improve interaction with the world and the implementation of “Resistance Economy.”
Pasargad Financial Group, which owns Iran's second largest bank, is considering selling its shares in energy entities in a sign of improving business environment.
In a meeting in Beijing on Wednesday May 11, the Head of Iran's General Inspectorate Organization, Nasser Seraj, and China's Public Prosecutor Cao Jianming, discussed broadening relations, especially a campaign against financial corruption.
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 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.
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.
