IMF urges 'equity-like' government support for virus-hit firms

International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damage on companies.

Tehran, Moscow to hold joint economic cooperation commission

Iranian ambassador to Moscow Kazem Jalali and Russian Deputy Energy Minister Anatoly Tikhonov met and held talks on the latest and upcoming energy cooperation between Iran and Russia.

Central Bank of Iran unveils its Euro Deposit Certificate plan

The Central Bank of Iran (CBI) is planning to issue certificates of deposit in euro as it struggles to contain liquidity and tame the rising inflation in the country.

Iran says it's ready for talks if U.S. apologises over nuclear pact

Iran would be open to talks with the United States if Washington apologises for exiting a 2015 nuclear deal and compensates Tehran, Iranian President Hassan Rouhani said on Wednesday.

Iran President Appeals to IMF to defy U.S., Grant It a $5 Billion Loan

Iranian President Hassan Rouhani appealed to the International Monetary Fund to defy U.S. resistance and grant the country a $5 billion loan.

Iran signs two-year contract with Iraq to export electricity

Iran has signed a two-year contract with Iraq to export electricity to the neighbouring country, Energy Minister Reza Ardakanian said.

CBI: First Bond Auction Will Be Held on Tuesday

The Central Bank of Iran will hold its first auction of government bonds on Tuesday. It has asked banks to place buy orders for the «Murabeha bonds» on the interbank trading platform. 

Tehran Stocks Exceed Key Level, Doubling Since First Virus Case

The Tehran Stock Exchange’s main index of shares exceeded one million points for the first time on Saturday, extending the record highs reached as the benchmark more than doubled since Iran’s first recorded Covid-19 case.

Deputy Minister;

"Reviving Cotton Seed plants of utmost importance to Boost Production"

The Iranian deputy minister of agricultural jihad stressed on the necessity of handing over cotton and oilseeds plants to the Union of Agricultural Cooperatives of Cotton and Oilseeds In order to help boost domestic production in the country.

Iran's Trade With EU Grows by Over 9%

Trade between Iran and EU member states during January-February stood at €787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the European Statistical Office show.

EU foreign policy chief scolds U.S. for blocking Iran loan from IMF

Josep Borrell, the EU's foreign policy chief, criticized the U.S. for blocking an Iranian request for a loan from the International Monetary Fund.

New Transactions with Iran Using INSTEX Imminent, Berlin says

The Foreign Minister of Germany said that new transactions using the EU-Iran trading mechanism INSTEX, designed to allow Europeans continue trade with Tehran without breaking US sanctions, is underway soon.

Iran's sponge iron exports surged by 86%

Iran has seen a nearly two-fold increase in its exports of sponge iron, a raw material mixed with scrap metal to produce steel, despite a 10-percent tariff imposed on the shipments last year.

Time to Act Is Now;

CBI Chief Urges IMF to Provide Virus Loan via INSTEX or SHTA

Iran’s central bank governor urged the International Monetary Fund to resist U.S. pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion) deficit as the country’s sanctions-hit economy struggles to cope with the coronavirus pandemic.

Iran records $20 billion of non-oil exports to neighboring countries

Iran exported $20.3 billion dollars’ worth of goods to the neighboring countries over the past 10 months in the previous Iranian year.

SCI: Inflation rate stood at 34.8% in last year

the latest report of the Statistical Center of Iran (SCI) suggests that inflation rate in the last Iranian calendar year 1398 (ended on March 19, 2020) stood at 34.8 percent.

Iran private sector calls on Eurochambres to defy US sanctions

President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has called on European national and local chambers of commerce to ask their governments to defy White House’s anti-Iran sanctions amid the outbreak of the novel coronavirus.

Hemmati: Iran established global banking ties beyond FATF

The Governor of the Central Bank of Iran (CBI) says the country has established international banking ties that are unsanctionable and also do not relate to FATF.

Hemmati: FATF decision will not impact Iran's foreign trade

Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati emphasized that the Financial Action Task Force's (FATF) decision will not pose a problem for Iran's foreign trade and exchange rate stability.

Iran's Foreign Trade, Excluding Oil, Hit $79 Billion in 11 Months

Fresh data on Iran's trade show the country exchanged $79 billion worth of goods during the first 11 months of the current year (started March 21, 2019).

CBI: Iran’s foreign debt shrinks 3% in nine months

According to the statistics of the Central Bank of Iran (CBI), Iran's foreign debt in nine months of the current year (from March 21 to Dec. 22), amounted to $9.053 billion, down 3 percent from the end of the last year.

Hemmati: Iran gradually emerging from recession

The Governor of the Central Bank of Iran (CBI) has said that the economy is rising from a recession that began nearly two years ago when the Washington imposed its unilateral sanctions on Tehran.  

Statistical Center of iran: Q3 Non-Oil Growth at 0.9%

The sectors of agriculture, industries and mines, and services registered growth rates of 3.2%, 2%, and -0.2% respectively in Q3.

Hemmati: volume of trades between Iran and EAEU grown significantly

Governor of the Iran's Central Bank positive after meeting with Iran's Chamber of Commerce and the Heads of the Joint Chambers of Iran and Eurasian Economic Union and, noting the volume of trade between the sides grown significantly.

Hemmati: Curbing Inflation Is The Goal Of Central Bank

Abdol Nasser Hemmati The Governor of Iran’s Central Bank at the opening ceremony of the implementation operations of Productive Line of Credit (Known by its Persian acronym; GAM) said: "The Central Bank, along with .inflation control, is sternly pursuing production boom and supporting the non-oil sector

Hemmati: Iran not reliant on others for providing medicines

Governor of Central Bank of Iran Abdol Naser Hemmati in response to statements by the Swiss ambassador in Tehran said on Tuseday that "The import of medicine and our medical supplies over the past 10 months is 2,000 times more than the volume of imports from the Swiss financial channel."

Komeijani appointed Head of MBRI

Dr. Abdul-Nasser Hemmati Governor of the Central Bank of Iran in a decree appointed Dr. Akbar Komeijani as Head of the Monetary and Banking Research Institute of the Central Bank (MBRI).

Number of Iran’s POS terminal reached up to 8 million

According to a report released by Shaprak, the number of active POS (Payment terminal) in Iran by the end of January reached more than 8.16 million.

IBENA reports:

Banks Are Digitalizing / Offering New Banking Services

"Banks are taking steps to move from e-banking to digital banking and offering new services," said the Deputy Director of Stock Exchange, Bank, and Insurance of Ministry of Economy.