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’s Economy Recovering Balance after Coronavirus Shock: Top Banker

IFP Editorial Staff -
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...
IFP Exclusive

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

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

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

IFP Editorial Staff -
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.
IFP Exclusive

Iranian Banks to Help Boost Crisis-Hit Tourism Industry

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

Iran Filing Lawsuit against Korean Banks for Seizing Its Assets

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

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

IFP Editorial Staff -
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.
IFP Exclusive

Iran after Release of Currency Assets Abroad: President

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

People Contributing to Economy by Trading Shares: Iran President

IFP Editorial Staff -
The Iranian president says the Tehran Stock Exchange has increased people’s contribution to the country's economy.
IFP Exclusive

Parliament Imposes Fines on Taking Currency Out of Iran

IFP Editorial Staff -
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.
IFP Exclusive

Tehran Stock Exchange Index Passes 1mn Points

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

Decision to Cut Four Zeros from Currency Grabs Headlines in Iran

Fatemeh Askarieh -
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.
IFP Exclusive

Iran Not 1st Country to Lop Zeros Off National Currency

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.
IFP Exclusive

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

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

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

IFP Editorial Staff -
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.
Finance

Things Everyone Should Know About Bankruptcy

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

Iran’s Top Banker Urges IMF to Remain Neutral

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

Interest-Free Loans to Be Paid to Millions of Iranians amid COVID-19 Outbreak

IFP Editorial Staff -
The Iranian president says interest-free and low-interest loans will be offered to millions of Iranians and businesses affected by the coronavirus outbreak.
IFP Exclusive

Iran Says US Has No Legal Right to Veto IMF’s Measures

IFP Editorial Staff -
The spokesperson for Iran’s administration has reminded the US government that the international institutions are not its private properties and Washington has no right to veto the International Monetary Fund’s plans for giving Iran a loan.
IFP Exclusive

$1.6 Billion of Iran’s Frozen Assets Released: CBI

IFP Editorial Staff -
Iran’s Central Bank Governor Abdolnasser Hemmati says 1.6 billion dollars of Iran’s assets held abroad have been released.
IFP Exclusive

Iran Says US Can’t Veto Its IMF Loan Request

IFP Editorial Staff -
Iran says neither the United States, nor any other country in the world, has the power to veto the loan requests of International Monetary Fund (IMF) member states.
IFP Exclusive

Iran’s Leader Okays Allocation of €1 Billion to Fight COVID-19

IFP Editorial Staff -
The Iranian president has thanked Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei for giving his blessing to withdraw one million euros from the National Development Fund.
IFP Exclusive

Iran Has No Problem in Providing Forex for Basic Commodities: Rouhani 

IFP Editorial Staff -
Iran’s President Hassan Rouhani has given an assurance that the country will have no problem supplying the foreign currency required for health facilities and basic commodities.
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