Finance

Iran’s first vice president says South Korea must take action to unfreeze Iran’s foreign exchange assets as soon as possible, noting that freezing Iran’s money has badly tarnished the image of South Korean banks among Iranians.

The governor of the Central Bank of Iran (CBI) has criticized South Korea for being swayed by the United States when it comes to releasing Iran’s assets in the Asian country.

An Iranian official says the bills proposed by the Rouhani administration on adoption of the Financial Action Task Force (FATF) standards will probably be approved at the Iranian Expediency Council soon.

Iran’s Foreign Minister Mohammad Javad Zarif has called on Seoul to provide Iran with access to its assets frozen in South Korean banks, especially now that the Iranian nation seriously needs its money.

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and the South Korean ambassador to Tehran have reached a deal on how to transfer and use part of the Iranian assets in South Korean banks.

The Central Bank of Iran (CBI) will soon unveil a project whereby customers will use their mobile phones for shopping at stores instead of making payments via POS machines.

The governor of the Central Bank of Iran (CBI) says the country is much better off when it comes to the export of oil and oil products compared to the past.

The Iranian government spokesman has urged the new US administration to release Iran’s frozen assets, so that Tehran can use them to fight the coronavirus pandemic and buy food and medicines for its citizens.

The governor of the Central Bank of Iran (CBI) has discussed the promotion of trade and banking cooperation with Oman during a visit to Muscat.

The governor of the Central Bank of Iran (CBI) has underlined the importance of enhancing cooperation with Armenia.

The Central Bank of Iran (CBI) has set aside $10 billion to support domestic production, according to a senior Iranian official.

In comments on Wednesday, Mohammad Javad Zarif once again criticized Seoul for seizing Iran’s assets "upon US orders". “’ We told South Korean officials that...

Governor of the Central Bank of Iran Abdolnasser Hemmati says the South Korean banks that have blocked Iran’s funds should pay the damage suffered by Tehran during the past two years.

The Central Bank of Iran (CBI) says the European financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) has failed to fulfill its objectives.

Tehran has been angered by Seoul’s offer to sell ambulances to Iran in exchange for billions of Iranian assets frozen in South Korea.

Iranian Central Bank Governor Abdolnasser Hemmati has urged Seoul to adopt “independent” behaviour toward Iran’s financial resources in that country.

An estimated 10 trillion won ($9.2 billion) in Iranian funds is currently frozen at South Korean banks under US sanctions.

The Iranian energy minister says Iran and Iraq have reached an agreement under which Baghdad will pay for Iran’s energy sales to Iraq in euros in a bid to mitigate the problems caused by the US sanctions.

President Hassan Rouhani says Iran cannot trust Americans when it comes to the transfer of money to purchase coronavirus vaccines as they are notorious for "stealing" Iran's funds.

The governor of the Central Bank of Iran says the problem of procuring the coronavirus vaccine has been solved.

Iran says the Instrument in Support of Trade Exchanges (INSTEX), the financial mechanism proposed by Europeans to enable Iran to get round US sanctions, has failed to prove itself effective in the past two years.

Tehran has called on Ankara to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through Turkish banks.

Spokesman for the Iranian Administration Ali Rabiei says ratification of the remaining bills regarding the Financial Action Task Force requirements will take the country out of the FATF blacklist and help it have access to financial resources and avoid futile international challenges.

Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved the administration’s proposal for the extension of a process that authorizes the Expediency Council to review the remaining bills prepared by the government to take Iran out of the Financial Action Task Force (FATF) blacklist.

Iran’s president says the world should know that the country will sell its oil next year.