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South Korea Looking for Waiver from U.S. to Import Iranian Oil
South Korean Foreign Minister Kang Kyung-wha asked his US counterpart, Secretary of State Mike Pompeo, to grant his country a waiver for new US sanctions targeting Iran's partners in a recent phone call.
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Europe Wants Iran to Connect International Banking System
European nations are seeking to ensure at least one Iranian bank stays connected to the world after the US imposed new sanctions against the country, a French senator said in Tehran.
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German Exports to Iran Stand at 1.8 Billion Euros
Germany has seen its exports to Iran have been steady since the United States walked out of the 2015 nuclear deal with the Islamic Republic.
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22 Million Barrels of Iranian Oil en Route to China
A large amount of Iranian crude oil will arrive at China's Dalian port during October and the beginning of November, right before US sanctions on Iran apply.
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FATF Gives 4 Months to Iran to Complete Reforms
The international group that monitors money-laundering worldwide said Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
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America Imposes New Sanctions on 4 Iranian Banks
The US Treasury announced that four Iranian banks, will be targeted by new Iran's sanctions.
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Iran,Africa Banking Relations Barriers Solved
Secretary General of the Economic Cooperation Council of Iran and Africa in Iran's Chamber of Commerce reported that Iran and Africa banking problems have been solved.
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Iran Foreign Debt Shrinks
Iran's external debt volume during the first five months decreased by 8 percent year-on-year.
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Iran Demands to Have Euro Bank Guarantee from India
Iran has insisted that India should provide it a euro-denominated bank guarantee to operate the project.
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India to Keep Oil Purchase from Iran amid U.S. Sanctions
The world's third-biggest oil consumer, India, will continue importing crude from Iran despite US threats to punish companies working in the Islamic Republic past the November sanctions deadline,
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IMF Releases its Prediction of Iran Economy
IMF predicted that Iran economy will shrink in 2018 and 2019.
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India Pursuing Barter or Rupee Agreement with Iran,Russia, Venezuela
India discussed the possibility of trading oil with Russia, Venezuela, and Iran either in Indian rupees or under a barter agreement, citing an unnamed official.
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JPMorgan to Pay $5.26 mn to OFAC due to Transaction with Iran
JPMorgan Chase Bank has agreed to pay penalties of more than $5.26 million to settle over 87 violations of US sanctions, including measures imposed against Iran and Cuba, the US Treasury said.
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in Moscow:
Central Bank of Iran Governor Meets his Russian Counterpart
Governor of the Central Bank of Iran as a head of a delegation traveled to Russia to meet his counterpart for having talks to enhance two-sided banking and financial relations.
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50 German Banks Processing Payments from Iranian Banks
Director of Bank Melli Iran branch in Hamburg said some 50 German Banks accept payments from Iranian banks
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International Court of Justice Orders US to Lift New Iran Sanctions
The UN’s international court of justice has reprimanded the US over its re-imposition of sanctions on Iran, ordering Washington to lift restrictive measures linked to humanitarian trade, food, medicine and civil aviation.
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Russia to Ignore U.S. Sanctions against Iran
Moscow plans to continue its cooperation with Iran even if new sanctions are slapped on Tehran, Russian Energy Minister Alexander Novak told reporters on Wednesday.
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Free Fall of Dollar Value in Iran Currency Market
Dollar price has decreased sharply despite high fluctuation in the currency market and also banks have entered the market to buy foreign exchange.
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Iran Weighs up New Payment System to Circumvent U.S. Sanctions
Iran and its trading partners are working to establish mechanisms for the oil trade to bypass US sanctions against the country, said Iranian Deputy Foreign Minister Abbas Araghchi.
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Iran Oil Export to Japan Hits Record
Japan's crude oil imports from Iran jumped 65% year on year in August, marking the fourth consecutive month of increase, according to government trade data released.
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CBI to Interfere in Currency Market to Stabilize it
Central Bank of Iran has been authorized by High Council of Three Powers Coordination to interfere in the currency market to stabilize it.
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China Behind Iran Foreign Trade
China fully supports the EU's proposal to set up a "special payments system" to facilitate trade with Iran and safeguard the Iranian nuclear deal, a move experts say will reduce reliance on the US dollar in global trade and further isolate it from the international community.
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How Does the EU Plan to Bypass US Sanctions against Iran?
The European Union is creating a new payment mechanism to allow countries to legally trade with Iran amid US sanctions.
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France to Consider Establishing Joint Bank with Iran
France should consider setting up a special bank for trade with Iran and Russia, as the suggested special-purpose vehicle (SPV) to bypass US sanctions is insufficient, Damien Lempereur, spokesman for the French right-wing Debout La France party.
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Turkey to Continue to Purchase Iran's Gas despite U.S. Sanctions
President Recep Tayyip Erdogan said Turkey will continue to buy natural gas from Iran in line with its long-term supply contract ignoring US' threats to punish countries doing business with Iran.
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EU Reiterates Development of Payment Channels with Iran
"The European Union will set up a legal entity to facilitate legitimate financial transactions with Iran to allow for continued trade", EU High Representative for Foreign Affairs and Security Federica Mogherini said.
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Hemmati:
Iran non-Oil Export Hits $22.7 bn
Central Bank of Iran's Governor reports that Iran's non-oil export stood at 22.7 billion dollars by 23rd of Sharivar (14 September), emphasizing that this figure has to return to the country's economic cycle.
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Iran's Foreign Debt Decreases by 5.6 Percent
Iran's volume of foreign debt in the first four months of the current year (based on Iranian calendar) decreased by 5.6 percent.
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President:
"U.S. Will Fail in Economic War against Iran"
President Rouhani pointed to Donald Trump's efforts to provoke Iran to withdraw from JCPOA, adding the U.S.A. will be defeated in economic war with Iran.
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Iranians Bitcoin Trade Declines Sharply
Chairman of the Board of Directors of Iran's Blockchain Association said following the ban on cryptocurrencies trade such as bitcoin in Iran the volume of bitcoin trade has decreased to 300 bitcoins from 1000 ones.