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Iran’s foreign trade hits $35.5 Billion
The statistics of the Islamic Republic of Iran Customs Administration (IRICA) shows that Iran’s foreign trade volume in the first five months of the current Iranian year has reached $35.539 billion.
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CBI sees stable market after hard months
Governor of Central Bank of Iran (CBI) reiterated on the stability of the currency market that affects other markets, leading to lower inflation.
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CBI governor:
Currency market is moving toward stability and predictability
Iran’s currency market is moving toward stability and predictability.
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Iran to cut zeros and rename its currency
The government of Iran approved a plan to review the plan to remove zeros from the Iranian currency” Rial” and rename the currency.
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Iran, Australia to develop banking cooperation
Deputy Governor of the Central Bank of Iran (CBI), Akbar Komijani stressed for development of banking and trade cooperation with Australia during talks with Australian ambassador.
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CBI governor:
Crypto currency mining approved by Iran’s economic commission
The Governor of the Central Bank of Iran Abdolnaser Hemmati said that the government’s Economic Commission has approved the mechanism of crypto currencies mining in Iran.
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Iran assigns tariff code to crypto mining machines
Islamic Republic of Iran Customs Administration (IRICA) issued an instruction regarding crypto currencies mining machines.
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Iran's external debt decreases 17% to $9.33 billion
Iran's external debt decreased 17 percent to $9.33 billion at the end of Iranian fiscal year.
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The Exchange Rate is Not Real
Economic Deputy of Minister of Economic Affairs and Finance said the exchange rate is not real.
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IBENA Reports:
The First Gold-Backed Iranian Token is a Step to Launch
The first Persian Token with gold backing is a step to launch.
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The Decline in Currency Fluctuations in 2019
The Managing Director of the Export Development Bank predicted the year 2019 as the year for curbing the volatility and creating the stability of the foreign exchange market.
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IFB Brokerage Firms Are among the Best in FEAS Champions League Award
Despite severe sanctions against the country, Iran Fara Bourse brokerage firms held the second, third and fourth places in FEAS Champions League Award which is an international achievement for Iran capital market according to IFB CEO.
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In an interview with IBENA, experts said
Ineffective Petrochemical Sanctions on the Foreign Exchange Market
The United States denounced Friday a network of 39 subsidiaries and registered companies outside Iran, but market analysts believe this has no effect on the foreign exchange market.
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Declining Growth Rate of Inflation in May 2019
The consumer price index rose 1.5 percent in May this year, the lowest increase in the last seven months.
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Create a Currency Account for Each Iranian Citizen
The director of the Central Bank's Foreign Exchange Supervision office announced the creation of a foreign exchange profile for each Iranian citizen.
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Explanation of the New Currency Package of CBI
Director of the Central Bank’s Export Division announced the new currency package that is completing the general policies of last year.
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Facilitate the Process of Domestic and Foreign Investment
In an order, the president called on executive organs to facilitate the process of domestic and foreign investment.
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Proposal for Creation of Monetary Channel between Tehran-Prague
The Vice President of the Tehran Chamber of Commerce proposes the formation of a joint committee to examine the creation of a monetary channel between Iran and Czech Republic.
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The latest status of "INSTEX" and "SATMA"
The governor of the Central Bank, arguing that “the ball is in Europe’s court”, describes the latest operational status of the INSTEX and SATMA mechanisms.
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The First 25 Origins of Exports to Iran
The largest source of import to Iran in April of 2019 is China with import value of $ 434 million, accounting for about 19% of Iran's imports of goods during this period.
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Hemati's advice on currency
The Central Bank's governor, advising the public not to enter the currency market by taking into account the political variables, said the Central Bank made predictions about the foreign exchange market and will have the necessary prevention.
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Supplying 2.2 Billion Euros in the Secondary Market
The Central Bank, referring to 2.2 billion euros from the beginning of the year in the secondary market, announced its readiness to provide currency for the real needs of the country.
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Visible and Invisible of the Organized Foreign Exchange Market
Increasing transparency and eliminating the benefits of the speculators and currency renders network are the main achievements of the formation of the organized foreign exchange market, which should be welcomed.
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What changes the open market operations create in Iran’s Economy
Easier control of inflation, avoiding turmoil in interest rates, and reducing the discount rate of government debt securities are the most important outcomes of open market operations.
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Pakistani Merchants Looking at Chines Banks to Boost Trade with Iran
Pakistani exporters wish to use third party banking channels, especially the Chinese bank, to do trade with Tehran since Pakistan has a paltry $35 million exports to Iran due to the US sanctions imposed on the neighboring country.
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Iran to Run Bus Factory in Azerbaijan
A groundbreaking ceremony for a joint Azerbaijan-Iran bus and truck production plant has been held in the Hajigabul Industrial Park.
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Iran, Switzerland to Expand Banking Relations
Central Bank of Iran's Governor had a meeting with Marcus Leitner Swiss ambassador to Iran regarding developing banking relations.
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Turkey to Establish New Trade Mechanisms with Iran
Turkish Foreign Minister said Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions.
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UniCredit Bank Agrees to Pay $1.3 bn over Violating US Sanctions
Italy's top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said.
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CBI didn't Have Request for Loan from IMF
Central Bank of Iran in a statement said the bank didn't have any request for loan from International Monetary Fund.