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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.
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Japan Donates Tents and Sleeping Pads to Flood-Hit Regions
Japan has offered emergency relief goods for people in Iran, which has been hit with what is said to be the worst flooding in 70 years.
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Vatican Sends 100000 Euros to Flood-Hit Regions
In the wake of massive flooding in Iran, Pope Francis has sent 100,000 euros (about $113,000) for emergency aid.
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Iran Oil Exports Increase amid U.S. Sanctions
Iranian oil exports have recovered almost to pre-sanctions levels, thanks to unflinching demand from China and South Korea.
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US Fines Standard Chartered $1.1bn for Violating Sanctions
US authorities have slapped UK-based Standard Chartered with a £840m (£1.1bn) penalty for allegedly violating the International Emergency Economic Powers Act (IEEPA) against Iran and other nations — one of the largest-ever fines imposed on a bank.
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India to Continue Import Iranian Oil
India has reduced the amount of oil imported from Iran, but does not intend to abandon the purchases completely, Indian Ambassador in Russia Bala Venkatesh Varma said.
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Governor of CBI:
U.S. Measure against Iran Doesn't Have Sustainable Impact on Markets
Central Bank of Iran's Governor said the bank has a serious supervision in the currency market and as usual advise people to consider the risk of the market.
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Standard Chartered to Pay $900 mn Fine to Settle US Sanctions Breach
Standard Chartered Bank has put aside £700m to settle charges relating to Iranian sanctions.
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Iran Negotiates with Iraq to Facilitate Banking Relations
Central Bank of Iran's Governor had detailed talks with Iraqi Finance Minister for facilitating monetary and financial relations between Tehran and Baghdad.
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G7 Unable to Bridge Differences on Iran Issue
France's Foreign Minister said the G 7 couldn't solve the differences on Iran issue during its two-day meeting.