Saturday, January 22, 2022

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Finance

Seoul Must Unblock Iran’s Frozen Assets As Soon As Possible

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.

Iran Berates Seoul for Refusing to Release Its Assets under US Pressure

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.

Iran Likely to Approve FATF Soon: Official

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.

Zarif Urges South Korea to Release Iran’s Frozen Assets ASAP

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.

Iran, South Korea Reach Deal on Transfer of Iranian Assets

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.

Iran Planning to Replace POS Terminals with Smartphone Payment System

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.

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

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.

‘US Expected to Release Iran’s Frozen Assets to Be Used in Fight against COVID-19’

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.

Iran, Oman Discuss Promotion of Bilateral Banking, Trade Ties

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.

Iran, Armenia Discuss Closer Trade, Economic Ties

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

Iran Allots $10 Billion to Support Local Producers

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

South Korea Seizing Iranian People’s Food, Drug Money: Zarif

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...

South Korea Should Pay Penalty for Freezing Iran’s Assets: Top Banker

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.

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

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 Furious at Seoul’s Offer of Selling Iran Ambulances in Return for Frozen Assets  

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

Iran‌ Says Won’t Remain Indifferent toward South Korea’s Seizure of Its Assets

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

Some $9.2 Billion in Iranian Funds Frozen at South Korean banks: Yonhap

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

‘Iraq to Pay for Energy Imports from Iran in Euros to Mitigate US Bans’

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.

Rouhani Says Iran Can’t Trust American ‘Robbers’

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.

Iran Says Payment Problem for Buying COVID-19 Vaccine Resolved

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

Iran Says INSTEX Must Prove Its Efficiency

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.

Iran Wants to Use its Assets with Turkish Banks to Buy Goods

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.

Ratification of FATF Bills Prerequisite for Iran’s Access to Financial Resources: Spokesman

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.

Iran’s Leader Permits Expediency Council to Procced with Work on FATF Bills

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 to Sell 2.3 Barrels per Day of Oil Next Year: President

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

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