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.
As a growing number of Iranian economic leaders stress the importance of joining the Financial Action Task Force (FATF) to enhance the country's global trade share, the head of the country’s Chamber of Commerce has stressed, adding that integrating with FATF would significantly benefit Iran's economy and improve international relations.
Governor of the Central Bank of Iran Mohammad Reza Farzin has announced that the digital Rial will begin operations soon. He also stressed that the development of modern banking is one of the central bank’s key ongoing goals.
A former governor of Iran's Central Bank, underscored the potential benefits of Iran's compliance with the anti-money laundering Financial Action Task Force (FATF) standards, particularly in enhancing international banking transactions.
A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced Tehran to agree to a ransom deal of millions of dollars, Politico reported citing people familiar with the case. The Islamic Republic has yet to respond to the claim.
The secretary of the policy-making council of the 14th Iranian financial industry event says Russia’s largest bank which holds an asset value of 290 billion dollars, will certainly participate in this year's Stock Exchange, Bank and Insurance Exhibition in the Islamic Republic.
The Deputy for International Affairs at the Central Bank of Iran (CBI) detailed the monetary agreement between Iran and Russia aimed at achieving de-dollarization, stating that this move pushes the Iranian Rial towards being unsanctionable.
The first and foremost challenge for Iran’s newly elected reformist President Massoud Pezeshkian is to fall into steps with the directives of the Financial Action Task Force (FATF) watchdog in order to reap its economic interests, a newspaper argues.
In a forward-looking proposal, Governor of the Central Bank of Iran Mohammad Reza Farzin suggested the establishment of an institution akin to the Financial Action Task Force (FATF) among BRICS nations.
Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.
An Iranian foreign policy expert says before pursuing India-Europe trade routes, Iran should resolve the issue of sanctions and addressing the FATF (Financial Action Task Force) concerns.
The Biden administration has issued a blanket waiver for international banks to transfer six billion dollars in blocked Iranian assets from South Korea to Qatar with no concern about Washington's sanctions.
Iran's Foreign Minister Hossein Amirabdollahian has stated that a recent agreement reached to unblock the country’s frozen funds in South Korea will open a new chapter in the two country’s relations.
Iran and Russia have signed a five-year cooperation agreement on the standardization of products traded between the two countries, in particular non-industrial goods and halal products, the Iranian Embassy in Russia has announced.
In a shocking revelation, the Prosecutor of Tehran has announced the investigation into a major embezzlement case involving a staggering amount of 29 thousand billion rials in one of Tehran's state banks.
Tehran has received the “necessary guarantees” that its assets blocked abroad due to the US sanctions will be unblocked under an agreement mediated by regional friends, Iranian Foreign Ministry Spokesperson Nasser Kanaani told reporters on Monday.
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.
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.
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.
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.
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.
