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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.
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China Determined to Pursue Trade Ties with Iran amid U.S. Sanctions
“China's commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions,” the Chinese foreign ministry said in a statement. “China’s lawful rights should be protected.”
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Bearer Checks to be Eliminated in Iran to Reduce Money Laundering
A member of the Iranian parliament reports that the parliament is making an attempt to enforce check reformation law to organize economy.
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Italian Biggest Bank to Compromise with U.S. over Iran Sanctions
Italy’s biggest bank UniCredit expects to reach a deal with the United States in a dispute over alleged sanctions violations in Iran in the coming months, its CEO said.
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Trump's Tweet Reveals U.S. Double-Faced Policy against Iran
U.S. President's tweet claims that he is looking for world peace, while his policy against Iran is undermining global rules.
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Government's New Foreign Exchange Package Comes into Effect
As the new foreign exchange package came into force on Tuesday, 23 cases of foreign exchange supply were registered and 8 trades were finalized in NIMA system until 4 pm.
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Britain: European Companies Can Be Protected in Iran Against Sanction
European companies can be protected from new U.S. sanctions on Iran, a junior British foreign minister said on Tuesday.
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Black Gold Price to Soar $90 by Imposing Sanctions against Iran
Looming US sanctions against Iran will likely hit Tehran’s oil sales abroad, and it could lead to a price spike in oil contracts.
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EU to Protect Firms in Iran by Enforcing Blocking Statute
The European Union is enforcing the so-called Blocking Statute to protect its firms operating in Iran from looming US sanctions against the country.
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5 ATR Planes Delivered to Iran amid U.S. Threats
The ATR 72-600 passenger planes landed at Tehran's international Mehrabad airport on Sunday morning, a day before the return of first round of U.S. sanctions against Iran.
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China Ignores U.S. Sanctions against Iran Oil Purchase
The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations.
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Iranians Gold Demand Triples
Iran’s demand for gold bars and coins may remain strong for the rest of the year and even increase as the U.S. reimposes sanctions.
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Deutsche Bundesbank Passes Law to Hamper $400 mn Transfer to Iran
Germany's powerful central bank--Deutsche Bundesbank--passed on Wednesday a new financial policy that will effectively bar the transfer of nearly $400 million in cash to the Iranian regime.
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Iran's Rial Boosts up Against Dollar
Trump's comment regarding his willingness for Talking to Iranian authorities without any preconditions, increased rial value by 13000.
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In June;
India's Iranian Oil Imports Increase Sharply
Indian refineries imported 48% more Iranian crude in June this year as compared to imports from June 2017, according to government estimates.
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Renault Likely to Abandon Iran due to Fear of U.S. Sanctions
Renault SA is shaping up to be the latest European company to fall victim to Donald Trump’s renewed sanctions on Iran even if it doesn’t sell cars in the U.S.
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In Tir month;
Inflation Rate Stands at 10.2 Percent
Iran's inflation rate in the twelve-month period ended on the last day of the fourth Iranian calendar month of Tir (July 22) stood at 10.2 percent