Finance

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.

Finance

Chief banker says Iranian bank accounts in Qatar to process released funds

IFP Media Wire -
Governor of the Central Bank of Iran Mohammad Reza Farzin has stated that Iranian funds recently unblocked in South Korea as part of a prisoner swap agreement with the United States will be deposited to accounts held by Iranian banks in Qatar despite reports suggesting that Qatar’s central bank will have control over the funds.
Finance

Iran confirms South Korea unfreezing assets, release of prisoners from US

IFP Editorial Staff -
The Iranian Foreign Ministry says the process of releasing billions of dollars from the assets of the Islamic Republic of Iran, which were illegally seized in South Korea by the United States for several years, has begun.
Parliament

Senior MP says Iran has many options to force South Korea to return frozen funds

IFP Media Wire -
A top member of Iran’s parliament has warned that Tehran has many options to force South Korea to pay back over $7 billion of Iranian funds that have remained blocked in the Asian country under the pretext of compliance with US sanctions.
Finance

Raisi presents to parliament motion to appoint arbiters in dispute with South Korea over frozen assets

IFP Editorial Staff -
Iranian President Ebrahim Raisi has forwarded to the Parliament a motion to appoint arbiters in a dispute with South Korea over frozen Iranian assets in the East Asian country.
Energy

World Bank says Iran has become world’s 3rd largest energy subsidizer

IFP Media Wire -
Iran is the third-largest worldwide provider of subsidies for energy consumption, a new report by the World Bank shows.
Finance

Iran’s Central Bank chief holds ‘successful’ meeting with Qatari counterpart

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says he held a meeting with his Qatari counterpart for talks on financial cooperation between the two neighbors.
Finance

1st VP: Iran’s asset frozen by US bans released in some countries

IFP Editorial Staff -
Iran’s First Vice President Mohammad Mokhber says the country’s assets frozen by US sanctions have been released in some countries, and that Tehran is making efforts to get access to the rest.
Finance

Iran’s Central Bank governor meets IMF chief in Washington

Mahdi Arman -
The governor of the Central Bank of Iran (CBI) holds a meeting with the managing-director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington for talks on ways to expand bilateral interactions and cooperation.
Economy

Iran to soon gain quick access to $6.7 billion of its financial resources at IMF: CBI chief

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says the country will soon acquire quick access to $6.7 billion of its financial resources at the International Monetary Fund (IMF).
Finance

Major Russian bank opens branch in Iran for first time

Mahdi Arman -
Russia’s VTB Bank, the country’s second largest, opens a branch in Iran, as the two countries step up their financial cooperation in the face of Western sanctions.
Economy

Iranian trade official: Iraq not allowed to transfer dollars to Iran

IFP Editorial Staff -
The head of the Iran-Iraq chamber of commerce says the Iraqi Central Bank is not authorized to transfer US dollars to the Islamic Republic.
Finance

Iran calls for further expansion of trade in national currencies with India

IFP Media Wire -
Iran’s Secretary of the Supreme National Security Council (SNSC) Ali Shamkhani, in a meeting with Indian National Security Advisor Ajit Doval, has called for further use of the rial and rupee in bilateral trade transactions.
Parliament

Parliament speaker says Iran expects Iraqi initiatives on repaying its debts

IFP Media Wire -
Iran’s Parliament Speaker Mohammad Baqer Qalibaf has called on the Iraqi government and parliament to take initiatives aimed at countering US sanctions that have made it difficult for Baghdad to repay its debts to Tehran.
Finance

Center at Iran’s Economy Ministry says no plans to join FATF

IFP Editorial Staff -
A center at Iran’s Ministry of Economic Affairs and Finance says there are no plans for the country to join the Financial Action Task Force, or FATF, the global organization that fights money laundering.
Finance

Official: Iran VP’s visit to Russia aimed at elimination of dollar from transactions

IFP Editorial Staff -
The deputy governor of Iran’s Central Bank says Iran and Russia plan to strengthen trade ties in rial and rubble during the Iranian vice president’s visit to Moscow in order to move from services to goods in bilateral economic ties and eliminate dollar in their transactions.
Finance

Report: Iranian assets in South Korea to be released in exchange for release of American prisoners in Iran

IFP Editorial Staff -
Iranian media are reporting intensive negotiations with the US through a regional mediary to pave the way for the release of billions of dollars of Iranian assets blocked in other countries in exchange for the release of American prisoners in Iran.
Finance

Iran to issue cards under Russian Mir payment system shortly

IFP Editorial Staff -
An Iranian deputy foreign minister says Iran will shortly issue cards that would operate under the Russian Mir (Мир) payment system, enabling Russians and Iranians in the country to make electronic transfers via the system.
Finance

Iran and Russia to gradually ditch dollar in foreign trades

IFP Editorial Staff -
Iran and Russia have prepared the ground to do away with the dollar in their bilateral trade and cushion their economies against ‘unjust’ US-speared Western embargoes, the governor of Iran’s Central Bank says.
Finance

Iran’s central bank governor upbeat about rial-ruble trading

IFP Editorial Staff -
Iran’s move to launch trading in the Iranian rial-Russian ruble in its foreign exchange market can further bolster its economic relations with Russia and diminish other foreign currencies’ role in the Iranian market, according to the governor of the Central Bank of Iran (CBI).
Finance

Iran, Russia resolved to eliminate US dollar from bilateral transactions

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the Islamic Republic and Russia have explored ways, in recent talks, to eliminate the US dollar from their financial transactions in order to facilitate economic cooperation under sanctions.
Finance

Iran, Russia agree to bolster financial, banking cooperation

IFP Editorial Staff -
Iran and Russia have reached an agreement on working to expand their financial and banking cooperation and remove the obstacles in the way of their ties under tough American sanctions.
Energy

Iran minister: $1.6bn of Iraq’s overdue gas debt received

IFP Editorial Staff -
The Iranian oil minister has announced that Iraq has paid $1.6 billion of its gas debt to the Islamic Republic.
Finance

South Korea says discussing Iranian frozen funds with US

IFP Media Wire -
South Korean Foreign Minister Park Jin says that Seoul will discuss the issue of Iran’s funds frozen in Korean Banks with the United States.
Finance

‘Iraq to begin repaying energy debts to Iran in days’

IFP Editorial Staff -
The head of the Iran-Iraq Joint Chamber of Commerce says Baghdad will, in the coming days, resume the process of settling the debts owed to Tehran for its energy purchases, as part of an agreement newly reached between the two neighbors.
Economy

Iran pursuing talks on release of frozen assets

IFP Editorial Staff -
The Central Bank of Iran (CBI) has announced fresh details on the unfreezing of the country’s assets, blocked due to the US sanctions.
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