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

INSTEX Not Meeting Iran’s Needs in Fight against Corona: Official

IFP Editorial Staff -
An Iranian official says the EU’s financial mechanism to facilitate trade with Iran known as INSTEX is not meeting the country's needs to confront the Coronavirus.
IFP Exclusive

OPEC Fund Earmarks $500,000 to Help Iran Fight COVID-19

IFP Editorial Staff -
The OPEC Fund for International Development has approved $500,000 in funding for Iran to help the country in its fight against the coronavirus.
IFP Exclusive

Iran Allocates $10b to Address Corona amid Tough US Sanctions: Rouhani

IFP Editorial Staff -
Iran’s President Hassan Rouhani says his administration has allocated about $10 billion to help people and to address the problems of troubled businesses in face of the coronavirus outbreak.
IFP Exclusive

Iran Approves IRR 1,000-Trillion Coronavirus Stimulus Package

IFP Editorial Staff -
The Iranian administration has ratified a 1,000-trillion-rial economic relief package to protect the businesses and people affected by the coronavirus epidemic.
IFP Exclusive

Iran Central Bank Seeking to Access IMF’s Rapid Financial Instrument

IFP Editorial Staff -
Iran’s Central Bank governor says it will strive to provide the foreign currency reserves required by the country in order to supply the required medications amid the coronavirus outbreak.
IFP Exclusive

$5 Billion Set Aside for Businesses Affected by COVID-19: Iran President

IFP Editorial Staff -
Iranian President Hassan Rouhani says some 750 trillion rials (around $5 billion) will be made available to businesses affected by the coronavirus outbreak.
IFP Exclusive

Iran Says Some of Its Assets Blocked by US to Be Released Soon

IFP Editorial Staff -
Governor of the Central Bank of Iran says some of the country's assets illegally blocked by the United States will gradually be released.
IFP Exclusive

Iran Left Out of World Bank Meeting on COVID-19

IFP Editorial Staff -
Iran’s representative in the International Monetary Fund (IMF) says the World Bank has excluded the Islamic Republic from a gathering on the battle with coronavirus.
IFP Exclusive

Iran’s President Announces New Year’s Budget Law for Implementation

IFP Editorial Staff -
Iran’s President has sent the "National Budget Law for the New Fiscal Year" to the Plan and Budget Organisation of the Islamic Republic to be implemented.
IFP Exclusive

Iran Govt. Spends Rls. 16,000 Billion to Fight Coronavirus Outbreak

IFP Editorial Staff -
The Iranian government has, so far, allotted Rls. 16,000 billion (over $100 million) in funding to combat the coronavirus outbreak in the country.
IFP Exclusive

Iran Government Issues Official Statement on FATF Blacklisting

IFP Editorial Staff -
The Islamic Republic of Iran’s administration has issued a statement about the Financial Action Task Force’s recent decision to put the country on its blacklist.
IFP Exclusive

Measures Taken to Foil FATF Blacklisting of Iran: Official

IFP Editorial Staff -
Iran President’s Chief of Staff Mahmoud Vaezi says the government has taken measures that are expected to reduce the impact of the FATF blacklisting of the Islamic Republic on the country.
IFP Exclusive

Iran’s Import of COVID-19 Test Kits Hampered by US Sanctions, FATF Blacklisting

IFP Editorial Staff -
An Iranian official says the import of the novel coronavirus diagnostic test kits has been hindered by the foreign sanctions and the Financial Action Task Force’s recent decision to put Iran on its blacklist.
IFP Exclusive

FATF’s Blacklisting of Iran; Threat or Opportunity?

IFP Editorial Staff -
The Financial Action Task Force (FATF) has returned Iran to its blacklist because of Iran's non-compliance with the Palermo and the CFT Conventions. The move could create new and serious difficulties for Iran's financial relations that could be added to sanctions problems.
IFP Exclusive

Foreign Ministry Condemns FATF’s Blacklisting of Iran

IFP Editorial Staff -
Foreign Ministry Spokesman Seyyed Abbas Mousavi has condemned the Financial Action Task Force’s blacklisting of the Islamic Republic saying that it is a politically-motivated action taken by international institutions.
IFP Exclusive

Iran Out of Recession Now: Economy Minister

IFP Editorial Staff -
Iran Minister of Economy Farhad Dejpasand says that the country has pulled itself out of economic recession, as the economic growth without taking oil revenues into account has been positive from March to November 2019 despite the US sanctions.
IFP Exclusive

Foreign Investment in Iran Increased by 50%: Minister

IFP Editorial Staff -
Iran’s economy minister says in the first six months of the current Iranian year, the amount of foreign investment in the country has increased by 50% compared to the same period last year.
IFP Exclusive

Medical Imports Financed by CBI Far Above Swiss Channel: Top Banker

IFP Editorial Staff -
Governor of the Central Bank of Iran says the value of the pharmaceutical and medical products that have been imported over the past 10 months with the financing provided by his organization has been 2,000 times higher than the value of consignments recently delivered via a Swiss channel.
IFP Exclusive

Expediency Council Opposes Iran’s Accession to CFT, Palermo Convention

IFP Editorial Staff -
Top authorities at Iran's Expediency Council have adamantly opposed the Islamic Republic’s accession to the Palermo Convention and Combating the Financing of Terrorism (CFT) treaty, describing them as threats to the national security.
Media Wire

Malaysia Welcomes Iran President’s ‘Islamic Cryptocurrency’ Proposal

IFP Media Wire -
Malaysian Prime Minister Mahathir Mohamad has said that he agrees with Iran’s suggestion on using cryptocurrency as an alternative to the US dollar.
IFP Exclusive

‘US Sanctions to Hurt Even More If Iran Fails to Adopt FATF’

IFP Editorial Staff -
The Iranian government has once again called on the country’s Expediency Council to ratify the bills on Iran’s accession to the Financial Action Task Force, arguing that the US sanctions will hurt the country even more if the country fails to adhere to the standards set by the global anti-money laundering body.
IFP Exclusive

Esteghlal Coach Stramaccioni Finally Gets Paid at Iran’s Rome Embassy

IFP Editorial Staff -
The Italian head coach of Iran’s Esteghlal Tehran Football Club, Andrea Stramaccioni, has finally received part of his overdue salary payments after the representative of an Iranian bank gave him a check at Iran’s Embassy in Rome.
Media Wire

Iran President Submits Budget Bill to Parliament

IFP Media Wire -
Iranian President Hassan Rouhani on Sunday submitted his administration’s proposed national budget bill for the next year to the parliament, saying the budget bill is based upon resistance and countering the sanctions.
IFP Exclusive

Iran, Oman Move to Facilitate Financial Transactions

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati and Oman’s Minister of Commerce and Industry have weighed a plan to facilitate financial transactions between the two Muslim neighbours.
IFP Exclusive

Iran Welcomes More EU States Joining INSTEX

IFP Editorial Staff -
Iran's Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi has hailed the reports that six other European countries are joining the special financial mechanism known as INSTEX, saying that Tehran hopes the move will give new energy to the mechanism and make it operational.
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