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

Iran May Reconsider Ties with S Korea over Frozen Assets: MP

Iran May Reconsider Ties with S Korea over Frozen Assets: MP

An Iranian lawmaker says Seoul’s move to block Tehran's assets would not go unanswered, and Tehran may reconsider its trade relations with South Korea.
Iran after Release of Currency Assets Abroad: President

Iran after Release of Currency Assets Abroad: President

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

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

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.
National Currency

Iran Not 1st Country to Lop Zeros Off National Currency

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

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

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.
US Opposition to Iran’s IMF Loan Bid Breaching Right to Health Peremptory Norm

US Opposition to Iran’s IMF Loan Bid Breaching Right to Health Peremptory Norm

Secretary of Iran’s Supreme National Security Council has denounced the US’ attempt to block Tehran’s request for an emergency International Monetary Fund loan to fight the coronavirus as a violation of a peremptory norm of international law (jus cogens) that entitles people to right to health.
Iran’s Top Banker Urges IMF to Remain Neutral

Iran’s Top Banker Urges IMF to Remain Neutral

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

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

Iran’s Central Bank Governor Abdolnasser Hemmati says 1.6 billion dollars of Iran’s assets held abroad have been released.
Iran’s Leader Okays Allocation of €1 Billion to Fight COVID-19

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

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.
Foreign ministery

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

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.