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 Reveals Details of $5 Billion Loan from Russia

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
Media Wire

FATF Ultimatum to Iran Politically-Motivated: FM Zarif

IFP Media Wire -
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.
Media Wire

FATF Extends Suspension of Anti-Iran Measures for Last Time

IFP Media Wire -
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.
IFP Exclusive

Iran Prefers Using National Currency in Trade with Neighbours: Minister

IFP Editorial Staff -
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.
IFP Exclusive

Zarif Raps US Sanctions on Central Bank as War Crime

IFP Editorial Staff -
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.
IFP Exclusive

Iranian Currency Regains 40% of Lost Value: Top Banker

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s Top Banker in Kuwait for Banking Conference

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

US Sanctions on Iran Central Bank Sign of Desperation: Governor

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

Iran, Russia Connecting Banks

IFP Editorial Staff -
Iran and Russia are going to link their banking networks, Russian ambassador to Iran has announced.
Media Wire

Market Stability Shows Trump’s Pressure Campaign Failed: Iran

IFP Media Wire -
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.
IFP Exclusive

Lawmakers to Discuss Removing Four Zeros from Iranian Currency

IFP Editorial Staff -
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.
IFP Exclusive

Crypto Mining Legalized in Iran

IFP Editorial Staff -
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.
IFP Exclusive

Iran to Remove Four Zeros from National Currency

IFP Editorial Staff -
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.
IFP Exclusive

Iran Bans Bitcoin Miners from Using Power during Peak Hours

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

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

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

Iran’s National Currency Recovers Some of Its Lost Value

IFP Editorial Staff -
The Iranian currency rial has, in recent weeks, has recouped some of the losses it endured in the wake of the US sanctions, and is now traded at the highest value since mid-February in a market that Central Bank Governor, Abdolnaser Hemmati, says has stabilised.
Media Wire

Chinese Bitcoin Miners Officially Ask for Permission to Work in Iran

IFP Media Wire -
Chinese cryptocurrency miners have officially requested to set up shop in Iran, taking advantage of cheap energy to power and cool their electricity-intensive servers.
IFP Exclusive

Oil Minister: INSTEX Must Provide Iran’s Petrodollars

IFP Editorial Staff -
The financial channel that the European parties to the 2015 Iran nuclear deal have set up to maintain trade with Iran, known as INSTEX, would be pretty useless if it does not supply Iran with its petrodollars, the country’s oil minister has said.
IFP Exclusive

Crypto Mining with Industrial Electricity Is Illegal: Iranian Speaker

IFP Editorial Staff -
It is illegal in Iran to use the subsidized electricity available to the industrial businesses for running cryptocurrency mining machines, Parliament Speaker Ali Larijani announced.
IFP Exclusive

‘Iran Working on Forex Plans Independent of INSTEX’

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
IFP Exclusive

Cryptocurrency Miners in Iran Warned of Power Cut

IFP Editorial Staff -
An Iranian energy official has warned the people producing Bitcoins and other digital currencies in the country that they are going to be detected and face a power cut.
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