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

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian year (March 20- June 20), saying the initial report from...
US Plot to Destabilize Iran’s Forex Market Failed: Central Bank Chief

US Plot to Destabilize Iran’s Forex Market Failed: Central Bank Chief

Governor of the Central Bank of Iran says the relentless efforts of the US to destabilize Iran's foreign currency market have failed thanks to the Central Bank's measures.
Iranian Banks to Help Boost Crisis-Hit Tourism Industry

Iranian Banks to Help Boost Crisis-Hit Tourism Industry

Iran’s Ministry of Tourism, Cultural Heritage, and Handicrafts has discussed closer cooperation with banks to further promote the tourism industry in the country.
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.