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Dec 10, 2019

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  • "Current Foreign Exchange Rate Has No Economic Justification"

    "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.

    5 September 18 - 16:46
  • Iran Government Accepts Cryptocurrency Mining as Industry

    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.

    4 September 18 - 11:35
  • Development Bank of Brazil to Dedicate $1.2 bn for Investment in Iran

    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.

    2 September 18 - 15:20
  • CBI Does Not Interfere in Market's Foreign Exchange Rate

    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.

    1 September 18 - 11:28
  • Islamic Banking Annual Conference Kicks off in Tehran

    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.

    1 September 18 - 10:30
  • European Central Banks Working on Financial Mechanism to Connect Iran

    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.

    29 August 18 - 18:24
  • "Central Bank of Iran Is Not Allowed to Use Forex Reserves"

    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.

    28 August 18 - 18:29
  • Iranian Cryptocurrency's Features Revealed

    Iranian Cryptocurrency's Features Revealed

    The latest details and specifications of Iranian national cryptocurrency based on rial and blockchain have been delineated.

    27 August 18 - 16:2
  • Minister of Economy Fails to Secure Second Vote of Confidence

    Minister of Economy Fails to Secure Second Vote of Confidence

    Iranian members of parliament impeached Minister of Economy and removed him from his post.

    26 August 18 - 16:15
  • Iranians Foreign Exchange Trades Hit 945 Million Euros

    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.

    25 August 18 - 15:14
  • German Giant Engineering Company Prepared to Abandon Iran

    German Giant Engineering Company Prepared to Abandon Iran

    German engineering conglomerate Siemens has announced it's drastically scaling back its business operations in Iran.

    25 August 18 - 12:59
  • Ditching Dollar from Iran-Italy Banking Relations

    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.

    25 August 18 - 12:54
  • "Foreign Exchange Trade Will Be Smoother in Secondary Market"

    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.

    19 August 18 - 22:11
  • Iranian CBI Governor's Promises to Boost Economy

    Iranian CBI Governor's Promises to Boost Economy

    Iranian Governor of Central Bank delineated some of the bank's new policies and measures.

    18 August 18 - 13:55
  • German Railway Companies Terminate Projects in Iran

    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.

    17 August 18 - 15:21
  • Taiwanese Bank to Stop Payment Clearing Mechanism with Iran

    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.

    13 August 18 - 18:18
  • Iran's Gold Capacity Rises by 40 Tones

    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.

    13 August 18 - 17:3
  • "Iranian SEPAM System can be Replaced with SWIFT"

    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.

    12 August 18 - 20:10
  • Turkey Prepared to Trade with Iran's  National Currency

    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.

    12 August 18 - 11:27
  • "Iranian Banks Should Pursue FATF Regulations"

    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.

    11 August 18 - 15:58
  • Iran's  Oil Discount to Asian And Western Buyers

    Iran's Oil Discount to Asian And Western Buyers

    NIOC has set a discount for its customers by 90 cents in Septembers.

    10 August 18 - 13:26
  • Turkey to Purchase Iranian Gas despite U.S. Threats

    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.

    9 August 18 - 15:12
  • China Determined to Pursue Trade Ties with Iran amid U.S. Sanctions

    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.”

    9 August 18 - 14:1
  • Bearer Checks to be Eliminated in Iran to Reduce Money Laundering

    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.

    8 August 18 - 21:27
  • Italian Biggest Bank to Compromise with U.S. over Iran Sanctions

    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.

    8 August 18 - 11:35
  • Trump's Tweet Reveals U.S. Double-Faced Policy against Iran

    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.

    8 August 18 - 10:45
  • Government's New Foreign Exchange Package Comes into Effect

    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.

    7 August 18 - 20:31
  • ‌Britain: European Companies Can Be Protected in Iran Against Sanction

    ‌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.

    7 August 18 - 15:4
  • Black Gold Price to Soar $90 by Imposing Sanctions against Iran

    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.

    7 August 18 - 13:42
  • EU to Protect Firms in Iran by Enforcing Blocking Statute

    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.

    7 August 18 - 10:29
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