Iran Banking News

The latest news and views about Iran’s banking relations with other countries

Finance

Unofficial sources say several Iranian banks hit by massive cyberattack

IFP Media Wire -
A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced Tehran to agree to a ransom deal of millions of dollars, Politico reported citing people familiar with the case. The Islamic Republic has yet to respond to the claim.
Judiciary

Former Iran Central Bank officials convicted by court

IFP Editorial Staff -
An Iranian court has convicted the former top officials of the Central Bank of Iran, including ex-Governor Valiollah Seif, in relation to foreign exchange market turbulations six years ago.
Security

Iran foils cyber raids against Central Bank, messaging apps

IFP Editorial Staff -
Iran has thwarted a wave of cyber attacks targeting the Central Bank of Iran (CBI) and two domestic messaging applications.
Finance

Iran’s central bank governor upbeat about rial-ruble trading

IFP Editorial Staff -
Iran’s move to launch trading in the Iranian rial-Russian ruble in its foreign exchange market can further bolster its economic relations with Russia and diminish other foreign currencies’ role in the Iranian market, according to the governor of the Central Bank of Iran (CBI).
Local

Iran’s ex-Central Bank governor to be retried for “squandering public funds”

IFP Editorial Staff -
Former Iranian Central Bank governor is going to be put on trial again for "squandering millions of dollars in public funds" during the tenure of former president Hassan Rouhani.
Security

Police arrest deposit boxes burglars in Iran

IFP Editorial Staff -
The Iranian police announced on Friday that the thieves who broke into a bank in the Iranian capital and looted dozens of deposit boxes have been arrested.
Incidents

Burglars damage bank deposit boxes in Iran

IFP Editorial Staff -
In a rare incident, dozens of safe deposit boxes in one of Iran’s Bank Melli branches in the capital have been damaged by bandits, a statement by the bank confirmed earlier reports.
Finance

Iran police: Canada refuses to extradite ex-Bank Melli president

IFP Editorial Staff -
Iran’s police say they have identified the location of the former President of its Bank Melli, who is the main suspect in a major embezzlement scandal, but officials of the country, where he is a resident now, have openly turned down requests for his extradition.
Judiciary

Several former central bank officials sentenced to jail for squandering millions of dollars

IFP Editorial Staff -
A court in Iran has sentenced former Central Bank governor Valliollah Seif to 10 years of discretionary imprisonment for squandering millions of dollars in public funds.
IFP Exclusive

Ali Salehabadi appointed as Iran’s new central bank chief

IFP Editorial Staff -
Ali Salehabadi has been appointed as the new governor of the Central Bank of Iran, Minister of Finance and Economic Affairs announced on Wednesday.
IFP Exclusive

Delay in Release of Iranian Assets in Japan Not Justifiable: Raisi

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called for the immediate release of Iran's frozen resources in Japan, noting that further delay in the release of the assets blocked in Japanese banks cannot be justified.
IFP Exclusive

Iran’s Voting Right Restored after Paying Contribution Arrears to UN

IFP Editorial Staff -
The Central Bank of Iran (CBI) has paid the country's overdue UN membership fee for over $16 million, restoring the country's right to vote at the UN.
Featured News

Iran’s Central Bank Governor Sacked as He Begins Presidential Campaign

IFP Editorial Staff -
Abdolnasser Hemmati, the governor of the Central Bank of Iran (CBI), has been sacked from his position as he begins campaigning for the next month's presidential election.
Finance

Iran to Buy 16m Doses of COVID-19 Vaccine Using Its Money Frozen in Iraq

IFP Editorial Staff -
Iraq has received the green light to pay $125 million in its debts to Iran for the purchase of 16 million doses of COVAX vaccines, Iran's energy minister said. The money has reportedly been transferred from Iraq's Trade Bank to a Swiss bank.
Finance

Seoul Must Unblock Iran’s Frozen Assets As Soon As Possible

IFP Media Wire -
Iran’s first vice president says South Korea must take action to unfreeze Iran’s foreign exchange assets as soon as possible, noting that freezing Iran’s money has badly tarnished the image of South Korean banks among Iranians.
IFP Exclusive

Iran Berates Seoul for Refusing to Release Its Assets under US Pressure

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) has criticized South Korea for being swayed by the United States when it comes to releasing Iran’s assets in the Asian country.
IFP Exclusive

Zarif Urges South Korea to Release Iran’s Frozen Assets ASAP

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif has called on Seoul to provide Iran with access to its assets frozen in South Korean banks, especially now that the Iranian nation seriously needs its money.
IFP Exclusive

Iran, South Korea Reach Deal on Transfer of Iranian Assets

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and the South Korean ambassador to Tehran have reached a deal on how to transfer and use part of the Iranian assets in South Korean banks.
IFP Exclusive

Iran Planning to Replace POS Terminals with Smartphone Payment System

IFP Editorial Staff -
The Central Bank of Iran (CBI) will soon unveil a project whereby customers will use their mobile phones for shopping at stores instead of making payments via POS machines.
IFP Exclusive

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the country is much better off when it comes to the export of oil and oil products compared to the past.
IFP Exclusive

Iran, Armenia Discuss Closer Trade, Economic Ties

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) has underlined the importance of enhancing cooperation with Armenia.
IFP Exclusive

South Korea Seizing Iranian People’s Food, Drug Money: Zarif

IFP Editorial Staff -
In comments on Wednesday, Mohammad Javad Zarif once again criticized Seoul for seizing Iran’s assets "upon US orders". “’ We told South Korean officials that...
IFP Exclusive

South Korea Should Pay Penalty for Freezing Iran’s Assets: Top Banker

IFP Editorial Staff -
Governor of the Central Bank of Iran Abdolnasser Hemmati says the South Korean banks that have blocked Iran’s funds should pay the damage suffered by Tehran during the past two years.
IFP Exclusive

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

IFP Editorial Staff -
The Central Bank of Iran (CBI) says the European financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) has failed to fulfill its objectives.
IFP Exclusive

Seoul’s Seizure of Iran Assets Major Obstacle to Promotion of Ties: Official

IFP Editorial Staff -
Iran's Deputy Justice Minister has urged Seoul to work toward settling the existing issues between the two sides to kick of a new round of mutual cooperation.
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