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 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.
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.
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.
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.
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.
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).
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.
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.
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.
Iran’s Foreign Minister Hossein Amir Abdollahian says a primary agreement has been reached to release Iran’s assets that have been frozen in a foreign bank due to the US sanctions.
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh has confirmed reports that $7 billion in Iranian assets, frozen in foreign banks due to the US sanctions, are going to be released.
A regional official, identified in a Tasnim News Agency report as “possibly Oman’s foreign minister”, will travel to Tehran on Tuesday to finalize the mechanism for the release of seven billion dollars in frozen Iranian assets.
Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.
A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.
Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.
Iran’s first vice president has called for Iranian and Iraqi central banks to further their cooperation to facilitate financial transactions between the two countries.
The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.
Tehran and Seoul have held working-level consultations to discuss ways to resolve years-long disputes over Iran's funds frozen in South Korea under the U.S. sanctions, South Korea’s foreign ministry announced Wednesday.
A study finds that Tehran was the “most unsafe” province in Iran for investment in the past spring, whereas West Azarbaijan Province in the northeast has been classified as the best spot for that purpose.
