Finance

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

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

Tehran Urges Its Trade Partners to Release Iranian Frozen Assets

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

Iraq Agrees to Release Iran’s Assets: Top Banker

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.

Iran’s Central Bank Governor Downplays News US Sanctions

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

Iranian People to Survive Latest of US Cruelties: Zarif

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.

E-Banking Software Development Role and Services in Banking Sector

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.

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian...

Supplying Medicines Top Priority for Gov’t amid Sanctions: Iran President

The Iranian president says a top priority for the government is to provide medicines for people amid the tough economic situation caused by sanctions.

US Plot to Destabilize Iran’s Forex Market Failed: Central Bank Chief

Governor of the Central Bank of Iran says the relentless efforts of the US to destabilize Iran's foreign currency market have failed thanks to the Central Bank's measures.

Iranian Banks to Help Boost Crisis-Hit Tourism Industry

Iran’s Ministry of Tourism, Cultural Heritage, and Handicrafts has discussed closer cooperation with banks to further promote the tourism industry in the country.

Iran Filing Lawsuit against Korean Banks for Seizing Its Assets

Iran’s Ministry of Foreign Affairs says the country is filing lawsuits against “delinquent” South Korean banks which have seized Iran’s money.

Iran Blames Int’l Psy-War for Historic Devaluation of National Currency

Iranian President Hassan Rouhani says an international psychological warfare and an unrealistic anxiety among the people are the reasons for the recent fall in the value of Iran’s national currency, rial.

Iran after Release of Currency Assets Abroad: President

President of Iran Hassan Rouhani says diplomatic and economic officials have launched a push to free the country’s foreign currency assets in the other countries in order to reduce susceptibility to any currency market volatility.

Seoul’s Excuse to Freeze Iran’s Oil Revenues ‘Unacceptable’

The spokesperson for the Iranian administration has called on South Korea to unblock the petrodollars it owes to Iran, currently frozen in the Korean banks.

People Contributing to Economy by Trading Shares: Iran President

The Iranian president says the Tehran Stock Exchange has increased people’s contribution to the country's economy.

Parliament Imposes Fines on Taking Currency Out of Iran

The Iranian Parliament passed a law on Sunday according to which the plans to take foreign currency out of the country may be subject to forfeiture and will result in financial penalties.

Tehran Stock Exchange Index Passes 1mn Points

The Tehran Stock Exchange (TSE) index has surpassed 1 million points for the first time in history.

Decision to Cut Four Zeros from Currency Grabs Headlines in Iran

IFP has taken a look at the front pages of Iranian newspapers on Tuesday, May 5, 2020, and picked headlines from 12 of them. IFP has simply translated the headlines and does not vouch for their accuracy.

Iran Not 1st Country to Lop Zeros Off National Currency

The idea of knocking off zeros from countries’ national currencies goes back decades, with some governments removing noughts from banknotes several times to harness inflation.

Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.

Tehran Stock Exchange Index Hits Record High of 900,000 Points

The benchmark Tehran Stock Exchange (TSE) index managed to break above its all-time highs hitting over 900,000 points.

Iran President Praises Central Bank’s Efforts to Meet Basic Demands

Iranian President Hassan Rouhani has praised the Central Bank of Iran (CBI) for its efforts to meet the domestic demands and provide the necessary funding amid the severe international conditions caused by the coronavirus.

Things Everyone Should Know About Bankruptcy

When you find yourself deep in debt and you’re struggling to make payments each month, stress and anxiety can take over.

Iran’s Top Banker Urges IMF to Remain Neutral

Governor of the Central Bank of Iran has called on the International Monetary Fund to maintain its neutrality and review Tehran’s request for an emergency loan at its Board of Directors.

Iran Gov’t Selling Shares of Huge State Companies at Stock Market

Iran’s president has tasked the ministry of economic affairs to facilitate the selling of the shares of major state companies at the stock market as soon as possible.

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