Finance

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.

Media Wire

Iran to develop oilfields near border with Iraq

IFP Media Wire -
The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.
Economy

Iran, Turkmenistan agree to boost bilateral trade to highest level

IFP Editorial Staff -
The Islamic Republic of Iran and neighboring Turkmenistan have agreed to increase the volume of their bilateral trade as much as possible.
Finance

‘Baku’s Road Toll on Iranian Truckers Against Karabakh Truce Deal’

IFP Editorial Staff -
Iran’s ambassador to Armenia says the toll imposed by the Azerbaijan Republic on Iranian trucks, travelling through Nagorno Karabakh, goes against the three-sided truce agreement among Moscow, Yerevan and Baku that ended last year’s conflict in the region.
IFP Exclusive

Iranian president says exports must increase

IFP Editorial Staff -
Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.
IFP Exclusive

Iran announces pilot activity of national cryptocurrency

IFP Editorial Staff -
The governor of Iran’s Central Bank has announced the pilot activity of the national cryptocurrency in the near future.
Economy

N Khorasan Exports Rise by 250 Percent in First Half of Year

IFP Editorial Staff -
The Organization of Industry, Mine and Trade in Iran’s Northern Khorasan Province says the provincial exports grew by more than 250 percent to 72.4 million dollars in the first half of the year, compared to the same period the previous year.
IFP Exclusive

Belt and Road Initiative can help Iran blunt US sanctions

IFP Editorial Staff -
The Office for Economic Studies of the Iranian Parliament’s Research Center has issued a report examining China’s "Belt and Road Initiative" and its trade cooperation opportunities for the Islamic Republic.
IFP Exclusive

Iran renews call on South Korea to unfreeze oil money

IFP Editorial Staff -
Iran's Deputy Foreign Minister Ali Baqeri Kani has called on Seoul to quickly and effectively unfreeze Iranian funds and resources in South Korea.
IFP Exclusive

Delay in Release of Iranian Assets in Japan Not Justifiable: Raisi

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called for the immediate release of Iran's frozen resources in Japan, noting that further delay in the release of the assets blocked in Japanese banks cannot be justified.
IFP Exclusive

Tehran Rejects Bahrain Court Ruling against Iranian Banks

IFP Editorial Staff -
Iran's Foreign Ministry spokesman has slammed the Bahraini Supreme Criminal Court's ruling against the Central Bank of Iran and several other Iranian banks, categorically rejecting the false accusations levelled against them.
IFP Exclusive

Iran’s Voting Right Restored after Paying Contribution Arrears to UN

IFP Editorial Staff -
The Central Bank of Iran (CBI) has paid the country's overdue UN membership fee for over $16 million, restoring the country's right to vote at the UN.
Foreign Policy

Iran Follows Up on Iraq’s Payment of Its Unpaid Debts

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh, who is also the head of the Foreign Ministry's Public Diplomacy Department, held talks with Iraqi Foreign Minister Fuad Hussein in Baghdad.
Featured News

Iran’s Central Bank Governor Sacked as He Begins Presidential Campaign

IFP Editorial Staff -
Abdolnasser Hemmati, the governor of the Central Bank of Iran (CBI), has been sacked from his position as he begins campaigning for the next month's presidential election.
IFP Exclusive

FATF Issue Could Be Resolved As Vienna Talks Move Forward: Ex-Diplomat

IFP Editorial Staff -
A former Iranian diplomat has expressed hope as negotiations in Vienna bear fruit, the problem with the Financial Action Task Force (FATF) inside Iran will be solved too.
Finance

Iran to Buy 16m Doses of COVID-19 Vaccine Using Its Money Frozen in Iraq

IFP Editorial Staff -
Iraq has received the green light to pay $125 million in its debts to Iran for the purchase of 16 million doses of COVAX vaccines, Iran's energy minister said. The money has reportedly been transferred from Iraq's Trade Bank to a Swiss bank.
IFP Exclusive

Iran Urges South Korea to Immediately Release Its Frozen Assets

IFP Editorial Staff -
Iran’s Deputy Foreign Minister for Political Affairs Abbas Araqchi has held talks with South Korean Deputy Foreign Minister Choi Jong-kun who was in Tehran as part of a delegation headed by the country’s prime minister.
Finance

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

IFP Media Wire -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

Iran Likely to Approve FATF Soon: Official

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

Iran, South Korea Reach Deal on Transfer of Iranian Assets

IFP Editorial Staff -
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.
IFP Exclusive

Iran Planning to Replace POS Terminals with Smartphone Payment System

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

Iran, Oman Discuss Promotion of Bilateral Banking, Trade Ties

IFP Editorial Staff -
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.
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