Finance

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.

Forex Offices Allowed to Import Foreign Currencies to Iran

The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
FATF

Iranian MPs to Review Bill on Iran’s CFT Accession

The Iranian parliament is to review a bill on Iran’s accession to Combating the Financing of Terrorism (CFT), which was earlier proposed by the government as part of measures to adopt the standards set by the Financial Action Task Force (FTAF).

Tehran, Moscow, Ankara Agree to Ditch US Dollar in Trade

Governor of the Central Bank of Iran (CBI) says important agreements have been reached with Russia and Turkey on oil sales and ditching the US dollar in bilateral trade.

Iran Developing National Blockchain Platform

An Iranian central bank official says the country is working to create its homegrown, seamless blockchain platform, which will enable the country to create a money transfer network involving Iran and its allies.
FATF

Iran Chamber of Commerce Says Tehran Must Join FATF

Iran’s Chamber of Commerce has urged the Rouhani administration to join the Financial Action Task Force (FATF), an international body which develops policies to combat money laundering.
Iran Legislation Watchdog Ratifies Parliamentary Amendment to CTF Law

Iran Legislation Watchdog Ratifies Parliamentary Amendment to CTF Law

The spokesman for Iran’s Guardian Council says the body has ratified a legislation amending a law on Counter Terrorist Financing (CTF).

Bank Account of Iranian Embassy in London Reopened

An Iranian official has confirmed media reports that the Islamic Republic’s embassy in London has been allowed to reopen its bank account which had been closed for years due to the international sanctions.

Hemmati Appointed New Governor of Iran’s Central Bank

Abdol-Nasser Hemmati, a former head of Iran’s Central Insurance, has been appointed as the new governor of the Central Bank of the Islamic Republic of Iran.

Sri Lanka Ready to Pay Its Oil Debts to Iran with Tea

Sri Lanka says it is considering a plan to settle payments to Iran for previous oil purchases by exporting tea to the country at equivalent values.

“EU Allocates $80 Billion Credit to Cooperation with Iranian Firms”

Vice-President of the Iranian Chamber of Commerce says the EU has allocated a huge amount of credit to facilitating trade between Iranian and European small and medium-sized enterprises.

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