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.

IFP Exclusive

Iran, Armenia Discuss Closer Trade, Economic Ties

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) has underlined the importance of enhancing cooperation with Armenia.
IFP Exclusive

Iran Allots $10 Billion to Support Local Producers

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

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

IFP Editorial Staff -
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...
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

IFP Editorial Staff -
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.
IFP Exclusive

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

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

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

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

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

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

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

IFP Editorial Staff -
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.
IFP Exclusive

Rouhani Says Iran Can’t Trust American ‘Robbers’

IFP Editorial Staff -
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.
IFP Exclusive

Iran Says Payment Problem for Buying COVID-19 Vaccine Resolved

IFP Editorial Staff -
The governor of the Central Bank of Iran says the problem of procuring the coronavirus vaccine has been solved.
Finance

Iran Says INSTEX Must Prove Its Efficiency

IFP Media Wire -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
Iran’s president says the world should know that the country will sell its oil next year.
IFP Exclusive

US Blocking Iran’s Purchase of COVID-19 Vaccine: Top Banker

IFP Editorial Staff -
Abdolnasser Hemmati, the Governor of the Central Bank of Iran (CBI), says Iran has tried to purchase COVID-19 vaccine from other countries, but the US sanctions have prevented financial transactions for the sale.
IFP Exclusive

Iran Begins Legal Proceedings to Receive Financial Claims from Foreign Countries

IFP Editorial Staff -
A senior Iranian official says Tehran has adopted measures to secure its financial and monetary claims from foreign countries.
IFP Exclusive

No Legal Verdict against Iranian Banks in Bahrain: CBI Official

IFP Editorial Staff -
An official at the Central Bank of Iran (CBI) has dismissed reports about a formal verdict being delivered against Iranian banks in Bahrain, saying any such ruling would lack legal credibility.
IFP Exclusive

Iran Says Efforts Underway to Return Its Frozen Assets from Other Countries

IFP Editorial Staff -
The Iranian government spokesman says efforts are being made to bring back Iranian foreign currency assets deposited at banks of other countries.
IFP Exclusive

Tehran Urges Its Trade Partners to Release Iranian Frozen Assets

IFP Editorial Staff -
Iranian President Hassan Rouhani has called on Tehran’s trade partners to fulfil their legal and ethical commitments towards the Islamic Republic.
IFP Exclusive

Iraq Agrees to Release Iran’s Assets: Top Banker

IFP Editorial Staff -
Governor of the Central Bank of Iran says his negotiations with the Iraqi officials have yielded "positive" results, and the Arab country has given its approval to the release of Iran’s frozen assets for the purchase of basic commodities.
IFP Exclusive

Iran’s Central Bank Governor Downplays News US Sanctions

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the United States’ new sanctions mostly aim to serve Washington’s propagandist-political objectives.
IFP Exclusive

Iranian People to Survive Latest of US Cruelties: Zarif

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif says the Iranian people will survive the latest round of sanctions imposed by the US against Iranian banks, and those who block the Iranian people’s money will eventually face justice.
IFP Coverage

E-Banking Software Development Role and Services in Banking Sector

IFP Media Wire -
An Ecommerce business has overwhelmed digital marketing by providing online selling services to customers. Technology offers facilities to the customers to get anything by using the internet.
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