Finance

Malaysia Welcomes Iran President’s ‘Islamic Cryptocurrency’ Proposal

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

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

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.

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

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.

Iran President Submits Budget Bill to Parliament

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.

Iran, Oman Move to Facilitate Financial Transactions

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.

Iran Welcomes More EU States Joining INSTEX

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.

Iran Reveals Details of $5 Billion Loan from Russia

Iran’s energy minister says the country has already received a $2.2-billion loan from Russia and the remaining $2.8 billion would be paid to Iran in the next month.

FATF Bills: In the Interest or to the Detriment of Iran?

A senior Iranian economic activist believes that the approval of the bills proposed by the Iranian government to adopt the standards set by the global anti-money laundering watchdog FATF can be very useful in the current situation.

Top Banker Refutes US Claims, Says Iran’s Exports Growing

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has dismissed the US officials’ claim that sanctions have greatly diminished Iran’s oil exports, saying the Islamic Republic is boosting exports and its foreign trade is thriving despite the sanctions.

FATF Ultimatum to Iran Politically-Motivated: FM Zarif

Iranian Foreign Minister Mohammad Javad Zarif deplored a recent decision by the Financial Action Task Force (FATF), a global anti-money-laundering watchdog, to increase pressures on the Islamic Republic, describing it as a “politically-motivated” move.

FATF Extends Suspension of Anti-Iran Measures for Last Time

The Paris-based Financial Action Task Force (FATF) has given Iran a final deadline of February 2020 to tighten its rules against money laundering in compliance with the global watchdog’s financial standards.

Iran Prefers Using National Currency in Trade with Neighbours: Minister

Iran’s Minister of Industry, Mine and Trade says the government's policy is to use national currency in business with friendly and neighbouring countries.

Zarif Raps US Sanctions on Central Bank as War Crime

Iran’s foreign minister has dismissed the recent sanctions on the Central Bank of Iran (CBI) as a war crime and instance of economic terrorism.

Iranian Currency Regains 40% of Lost Value: Top Banker

Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 40 percent against the US dollar over the past year.

Iran’s Top Banker in Kuwait for Banking Conference

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati has travelled to Kuwait to attend an international banking conference in the Arab country.

US Sanctions on Iran Central Bank Sign of Desperation: Governor

The governor of the Central Bank of Iran says the re-imposition of US sanctions on the bank shows they are so desperate in finding a lever to pressure Iran.

US Sanctions on Central Bank Repeat of Same Old Bans: Iran

Iranian Foreign Ministry Spokesman Abbas Mousavi says the new US sanctions against the Central Bank of Iran (CBI) are nothing new, but the same old bans in a new form.

Trump Sanctions Iran’s Central Bank over Yemeni Attack on Saudi

US President Donald Trump says his administration has imposed further sanctions on Iran's central bank following last weekend's attacks on Saudi oil facilities.

Iran, Russia Connecting Banks

Iran and Russia are going to link their banking networks, Russian ambassador to Iran has announced.

Market Stability Shows Trump’s Pressure Campaign Failed: Iran

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the ineffectiveness of US sanctions against the Islamic Republic and said Washington has failed in its campaign of maximum pressure on Tehran.

Lawmakers to Discuss Removing Four Zeros from Iranian Currency

Iranian President Hassan Rouhani has sent a single-urgent bill to the Parliament on the removal of four zeros from the country’s national currency, rial, and change the official currency to the more common one toman.

Crypto Mining Legalized in Iran

An executive directive issued by Iran’s First Vice-President Eshaq Jahangiri has formally legalized cryptocurrency mining in the country, although the use of digital currencies in the Iranian banks or for domestic trade will be still prohibited.

Iran to Remove Four Zeros from National Currency

The government of Iranian President Hassan Rouhani approved on Wednesday a plan to lop off four zeros from the country’s national currency in a bid to help the Iranian rial regain its value in the face of the US sanctions.

Iran Bans Bitcoin Miners from Using Power during Peak Hours

Iran says Bitcoin and other cryptocurrency miners will be provided with three-phased timers which switch off during peak hours of electricity consumption.

Iranian MP: No Place for Oil in Next Year’s Budget

A senior Iranian lawmaker has unveiled plans to free the country’s budget in the coming year from the share of petrodollars.

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