Iran Banking News

Es’haq Jahangiri, Iran’s First Vice President, says the Islamic Republic will continue to stand by the Syrian government and nation during their reconstruction era.

Iran’s Minister of Sports and Youth Affairs Massoud Soltanifar has called on the Federation Internationale de Football Association (FIFA) to release the Islamic Republic’s frozen money as soon as possible.

The Iranian minister of finance and economic affairs says Iran and China have agreed to use the national currencies of both countries in their trade transactions.

Iranian President Hassan Rouhani and his Indian counterpart Narendra Modi have sat for talks on promotion of all-out ties between the two countries.

Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.

Europe is seeking to open up a banking channel to allow conduction of transactions with Iran, as part of measures to protect European companies doing business in Iran against Washington’s move to re-impose anti-Tehran sanctions, an Iranian official said.

Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists traveling between the two nations.

Iran says an experimental model of an Iranian cryptocurrency has been developed based on the block-chain technology, and can significantly facilitate financial transactions in the country when created.

Iran will use Qatar to facilitate payment orders in foreign currencies, phasing out such operations in Dubai where restrictions imposed by the UAE government are making financial transactions difficult.

The Iranian government has decided to replace the US dollar with euro in its international transactions in a move to prevent the greenback’s fluctuations from negatively affecting the Iranian economy.

Iran’s Foreign Minister Mohammad Javad Zarif and Uruguayan President Tabaré Vázquez have called for expansion of collaborations in various fields, particularly banking and agriculture.

Iran’s Foreign Minister says the lack of banking relations between Tehran and Brasilia is one of the major obstacles to the development of mutual ties, stressing that a solution must be found for the problem.

Governor of the Central Bank of Iran Valiollah Seif has written a letter to the Iranian minister of trade and industry to reiterate his earlier calls for removing the US dollar from all business transaction.

Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings.

The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.

The fourth session of Iran-Singapore political advisory committee was held in Tehran on Tuesday with the two sides agreeing to boost ties, especially in economic spheres.

A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.

Iranian Foreign Minister Mohammad Javad Zarif has met the first Chilean ambassador to Tehran since the 1979 Islamic Revolution in Iran.

Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic. 

Iran and Qatar are making arrangements to enhance their banking relations and remove obstacles to the promotion of mutual banking cooperation.

Iranian Minister of Information and Communications Technology, Mohammad Javad Azari Jahromi, recently visited Malaysia to hold talks on establishing direct banking communication between Iran and Malaysia.

A group of Iranian tradesmen say Emirates NBD, one of the largest banking groups in the Middle East in terms of assets, has stopped offering banking services to them.

Siamak Moreh Sedgh, the representative of Iranian Jews at the Parliament, says the US dollar needs to be removed from Iran’s business transactions in a bid to put an end to the US monopoly.

An Iranian lawmaker believes that the removal of the US dollar from Iran’s international transactions could facilitate banking relations.

Iran is preparing the infrastructure for using Bitcoin, the first worldwide crypto currency, said Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee.