Tag: Iran Banking News

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.

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.

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.

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.

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.

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.

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’s Central Bank Governor Abdolnasser Hemmati says 1.6 billion dollars of Iran’s assets held abroad have been released.

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.

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.