Saturday, February 4, 2023

Iran Banking News

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’

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.

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

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

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

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.

$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

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 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.

Iran Says Some of Its Assets Blocked by US to Be Released Soon

Governor of the Central Bank of Iran says some of the country's assets illegally blocked by the United States will gradually be released.

Iran Left Out of World Bank Meeting on COVID-19

Iran’s representative in the International Monetary Fund (IMF) says the World Bank has excluded the Islamic Republic from a gathering on the battle with coronavirus.

Iran to Make up for Impact of Coronavirus on People’s Lives: VP

Iran’s First Vice President Es’haq Jahangiri says the government has made decisions to compensate for the economic impacts of the coronavirus outbreak on the lives of the poor.

Iran’s President Announces New Year’s Budget Law for Implementation

Iran’s President has sent the "National Budget Law for the New Fiscal Year" to the Plan and Budget Organisation of the Islamic Republic to be implemented.

Medical Imports Financed by CBI Far Above Swiss Channel: Top Banker

Governor of the Central Bank of Iran says the value of the pharmaceutical and medical products that have been imported over the past 10 months with the financing provided by his organization has been 2,000 times higher than the value of consignments recently delivered via a Swiss channel.

INSTEX of No Use If Oil Revenues Not Secured: Iran

Governor of Iran's central bank says as long as the Europeans do not buy Iran’s oil and Tehran does not receive the oil revenues, the European financial mechanism known as INSTEX will be of no use.

Malaysia Welcomes Iran President’s ‘Islamic Cryptocurrency’ Proposal

Malaysian Prime Minister Mahathir Mohamad has said that he agrees with Iran’s suggestion on using cryptocurrency as an alternative to the US dollar.

Iran, Oman Move to Facilitate Financial Transactions

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati and Oman’s Minister of Commerce and Industry have weighed a plan to facilitate financial transactions between the two Muslim neighbours.

Top Banker Refutes US Claims, Says Iran’s Exports Growing

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has dismissed the US officials’ claim that sanctions have greatly diminished Iran’s oil exports, saying the Islamic Republic is boosting exports and its foreign trade is thriving despite the sanctions.

Iran Prefers Using National Currency in Trade with Neighbours: Minister

Iran’s Minister of Industry, Mine and Trade says the government's policy is to use national currency in business with friendly and neighbouring countries.

Zarif Raps US Sanctions on Central Bank as War Crime

Iran’s foreign minister has dismissed the recent sanctions on the Central Bank of Iran (CBI) as a war crime and instance of economic terrorism.

Iranian Currency Regains 40% of Lost Value: Top Banker

Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 40 percent against the US dollar over the past year.

Regional Countries Agree US Bans Not Effective Anymore: Iran

The governor of the central bank of Iran says many of his counterparts in the region believe the United States’ sanctions are not working anymore.

Iran’s Top Banker in Kuwait for Banking Conference

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati has travelled to Kuwait to attend an international banking conference in the Arab country.

US Sanctions on Iran Central Bank Sign of Desperation: Governor

The governor of the Central Bank of Iran says the re-imposition of US sanctions on the bank shows they are so desperate in finding a lever to pressure Iran.

US Sanctions on Central Bank Repeat of Same Old Bans: Iran

Iranian Foreign Ministry Spokesman Abbas Mousavi says the new US sanctions against the Central Bank of Iran (CBI) are nothing new, but the same old bans in a new form.

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