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Trump Sanctions against Iran to Drive Oil Price over $100
U.S. sanctions on Iran's energy industry, when they come into effect in November, could potentially drive oil prices above $100 per barrel, according to an industry expert.
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Hemmati:
"Central Bank Provides Needed Foreign Exchange for Basic Goods"
Central Bank of Iran's Governor said the bank in association with other banks controls liquidity trajectory, adding the Central Bank provides needed foreign exchange for basic commodities.
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'Cryptomining Equipment Sale Is Legal in Iran'
Head of computer technology union said selling cryptocurrency mining equipment in Iran is allowed.
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Iraq Sets Maximum Foreign Currency Transfer to Iran 10000 Euros
Iraq's Customs stated that the maximum amount of foreign currency to enter Iran is 10000 euros or its equivalent.
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Travel Foreign Exchange Sale Kicks off in Banks
Selling travel foreign exchange has started to applicants in banks at 14500 toman for one euro by submitting their documents.
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Coalition of Iran,Russia,Turkey to Ditch Dollar
Iran, Russia and Turkey have taken a new step recently to eliminate USD in trade transactions, using national currencies in bilateral trade instead of it, amid their trade war with the U.S.A.
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'SWIFT Restrictions Exerted just against Iran'
A member of Iranian Parliament National Security Commission believes that American administration has imposed sanctions differently against Turkey than Iran so that our loss is more than Turks.
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German media:
Iran Takes Back Its Request for 300 mn Euros Return
Iran has informed German financial regulator BaFin that it would be dropping its earlier request to repatriate the funds from the bank.
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"Current Foreign Exchange Rate Has No Economic Justification"
Chairman of Iranian Parliament Economic Commission said foreign exchange rate in the market doesn't have an economic justification and it's a bubble, adding there is power in the country to reduce it.
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Cyberspace chief:
Iran Government Accepts Cryptocurrency Mining as Industry
Secretary of Iran's Supreme Council of Cyberspace reported that the government has accepted cryptocurrencies mining as an industry.
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Development Bank of Brazil to Dedicate $1.2 bn for Investment in Iran
Brazilian ambassador to Tehran reported that the Development Bank of Brazil is about to allocate 1.2 billion dollars for Brazilian trade activists to expand trade and investment cooperation in Iran.
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Hemmati;
CBI Does Not Interfere in Market's Foreign Exchange Rate
Central Bank of Iran's Governor stressed that there is no decree to rise interest rate to 23 percent, adding the bank doesn't interfere in market's foreign exchange rate, but controls it.
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Islamic Banking Annual Conference Kicks off in Tehran
The 29th Annual Conference of Islamic Banking started on Saturday morning in IRIB International Conference Center in the presence of Central Bank of Iran's governor.
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European Central Banks Working on Financial Mechanism to Connect Iran
"If we want to build a truly independent instrument, we must open up all the options," Le Maire, French Finance Minister, stressed, referring to French and German governments holding talks on the matter with their central banks.
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President Rouhani;
"Central Bank of Iran Is Not Allowed to Use Forex Reserves"
President Rouhani said I've instructed the governor of the central bank that he is not allowed to use the bank's reserves.
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Iranian Cryptocurrency's Features Revealed
The latest details and specifications of Iranian national cryptocurrency based on rial and blockchain have been delineated.
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Minister of Economy Fails to Secure Second Vote of Confidence
Iranian members of parliament impeached Minister of Economy and removed him from his post.
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In 16 days;
Iranians Foreign Exchange Trades Hit 945 Million Euros
Initiating new foreign exchange policies have led to upward trend in drafts and cash trades.
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German Giant Engineering Company Prepared to Abandon Iran
German engineering conglomerate Siemens has announced it's drastically scaling back its business operations in Iran.
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Ditching Dollar from Iran-Italy Banking Relations
Head of Iran-Italy joint chamber of commerce reported that two nations’ banking relations will be without greenback.
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Hemmati;
"Foreign Exchange Trade Will Be Smoother in Secondary Market"
Iranian governor of the Central Bank reported that foreign exchange trade in the secondary market will be smoother.
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Iranian CBI Governor's Promises to Boost Economy
Iranian Governor of Central Bank delineated some of the bank's new policies and measures.
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German Railway Companies Terminate Projects in Iran
German rail operator Deutsche Bahn [DBN.UL] and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran.
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Taiwanese Bank to Stop Payment Clearing Mechanism with Iran
Taiwan’s Mega International Commercial Bank plans to terminate its payment clearing mechanism between Taiwan and Iran after November in a response to the United States’ sanctions on Iran, three people familiar with the matter said on Monday.
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Iran's Gold Capacity Rises by 40 Tones
Chief Executive Board of IMIDRO said Iran's open mines excavation is about to be finished, but there is a huge capacity in underground and deep mines, adding we should use private sector's capability in this area.
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Hakimi;
"Iranian SEPAM System can be Replaced with SWIFT"
Deputy of Central Bank's New Technologies said SEPAM system can be replaced with SWIFT in Iran's financial transactions with other countries, adding the most serious barrier on this way is finding countries to accept this matter.
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Turkey Prepared to Trade with Iran's National Currency
Turkish President Recep Tayyip Erdogan announced Ankara's readiness to refuse dollars and euros in the country's trade with its partners.
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Faryal Mostofi;
"Iranian Banks Should Pursue FATF Regulations"
Head of Foreign Investment Center at Tehran Chamber of Commerce stressed that FATF group is looking for implementing regulations to enhance transparency.
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Iran's Oil Discount to Asian And Western Buyers
NIOC has set a discount for its customers by 90 cents in Septembers.
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Turkey to Purchase Iranian Gas despite U.S. Threats
Turkey will continue to buy natural gas from Iran despite US sanctions, Turkey’s Energy Minister Fatih Donmez said on Wednesday, a day after President Donald Trump threatened that anyone trading with Iran will not do business with America.