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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.
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Iran Non-Oil Export Stands at 19 Billion Dollars
Central Bank of Iran's Governor says the volume of non-oil export in the first five months of the current year (based on Iranian calendar) reached more than 19 billion dollars.
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New Euro Banknotes Unveiled
The European Central Bank has revealed a new series of 100 and 200 euro bills that are set to enter into general circulation from May 28, 2019.
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Iran Oil Export Declines by 580000 bpd
An American bank states that Iranian crude oil export has decreased by 580000 barrels per day since three last month.
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Iran to Legalize Import of Cryptocurrency Mining Equipment
Secretary of Iran's Supreme Council of Cyberspace reported the legalization process of importing bitcoin mining and cryptocurrencies equipment is on agenda.
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Iran's Gold Production to Hit Record
Iran's Minister of Industry, Mine and Trade said our ore iron production will be 90 million tons and also our cathode copper production will exceed 220 thousand tons in the current year (according to Iranian calendar), adding gold production will be 10 tones setting a new record.
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EU Underlines Establishing New Payment System with Iran
Germany says the European Union and this country are considering a new payment system with Iran as U.S. sanctions are looming.
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CBI Allocates 3.2 Billion Euros to Basic Commodities Import
Central Bank of Iran's Governor said 3.2 billion euros have been allotted to import basic goods since last month.
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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.