Saturday, November 26, 2022

Iran Banking News

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

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).

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

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.

Police arrest deposit boxes burglars in Iran

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.

Burglars damage bank deposit boxes in Iran

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.

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

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.

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

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.

Ali Salehabadi appointed as Iran’s new central bank chief

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

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

Iran, South Korea Reach Deal on Transfer of Iranian Assets

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.

Iran Planning to Replace POS Terminals with Smartphone Payment System

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.

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

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.

Iran, Armenia Discuss Closer Trade, Economic Ties

The governor of the Central Bank of Iran (CBI) has underlined the importance of enhancing cooperation with Armenia.

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

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...

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

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.

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

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.

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

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.

Tehran Furious at Seoul’s Offer of Selling Iran Ambulances in Return for Frozen Assets  

Tehran has been angered by Seoul’s offer to sell ambulances to Iran in exchange for billions of Iranian assets frozen in South Korea.

Iran‌ Says Won’t Remain Indifferent toward South Korea’s Seizure of Its Assets

Iranian Central Bank Governor Abdolnasser Hemmati has urged Seoul to adopt “independent” behaviour toward Iran’s financial resources in that country.

Seoul’s Freezing of Tehran’s Assets Damages South Korea’s Image in Iran: Zarif

Iranian Foreign Minister Mohammad Javad Zarif has blasted South Korea for keeping the Iranian assets frozen in its banks citing the US sanctions, saying the issue has seriously damaged the East Asian country's image among Iranian people.

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