Iran
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Swiss government:
First Swiss deal with Iran via humanitarian channel gone through
A Swiss pharmaceutical company has completed the first transaction under a new humanitarian trade channel with Iran, the government in Bern said on Monday.
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Iran’s estimated copper reserves climb by over 500mln tons
Iran has found new copper reserves of around 528 million metric tons to become the world’s seventh largest holder of such reserves, says an industry chief.
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Zarif: FM to use all means to return Iran's blocked funds
Iranian Foreign Minister Mohammad Javad Zarif says his department would exhaust all means to have the country’s blocked funds released, adding that China and Oman have been the most supportive in this regard.
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Iran President Appeals to IMF to defy U.S., Grant It a $5 Billion Loan
Iranian President Hassan Rouhani appealed to the International Monetary Fund to defy U.S. resistance and grant the country a $5 billion loan.
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Iran signs two-year contract with Iraq to export electricity
Iran has signed a two-year contract with Iraq to export electricity to the neighbouring country, Energy Minister Reza Ardakanian said.
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Iran's Trade With EU Grows by Over 9%
Trade between Iran and EU member states during January-February stood at €787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the European Statistical Office show.
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EU foreign policy chief scolds U.S. for blocking Iran loan from IMF
Josep Borrell, the EU's foreign policy chief, criticized the U.S. for blocking an Iranian request for a loan from the International Monetary Fund.
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Iran's Foreign Trade, Excluding Oil, Hit $79 Billion in 11 Months
Fresh data on Iran's trade show the country exchanged $79 billion worth of goods during the first 11 months of the current year (started March 21, 2019).
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CBI: Iran’s foreign debt shrinks 3% in nine months
According to the statistics of the Central Bank of Iran (CBI), Iran's foreign debt in nine months of the current year (from March 21 to Dec. 22), amounted to $9.053 billion, down 3 percent from the end of the last year.
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Iran to cut zeros and rename its currency
The government of Iran approved a plan to review the plan to remove zeros from the Iranian currency” Rial” and rename the currency.
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In an interview with IBENA, experts said
Ineffective Petrochemical Sanctions on the Foreign Exchange Market
The United States denounced Friday a network of 39 subsidiaries and registered companies outside Iran, but market analysts believe this has no effect on the foreign exchange market.
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Create a Currency Account for Each Iranian Citizen
The director of the Central Bank's Foreign Exchange Supervision office announced the creation of a foreign exchange profile for each Iranian citizen.
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Proposal for Creation of Monetary Channel between Tehran-Prague
The Vice President of the Tehran Chamber of Commerce proposes the formation of a joint committee to examine the creation of a monetary channel between Iran and Czech Republic.
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The First 25 Origins of Exports to Iran
The largest source of import to Iran in April of 2019 is China with import value of $ 434 million, accounting for about 19% of Iran's imports of goods during this period.
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Pakistani Merchants Looking at Chines Banks to Boost Trade with Iran
Pakistani exporters wish to use third party banking channels, especially the Chinese bank, to do trade with Tehran since Pakistan has a paltry $35 million exports to Iran due to the US sanctions imposed on the neighboring country.
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Iran to Run Bus Factory in Azerbaijan
A groundbreaking ceremony for a joint Azerbaijan-Iran bus and truck production plant has been held in the Hajigabul Industrial Park.
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Iran, Switzerland to Expand Banking Relations
Central Bank of Iran's Governor had a meeting with Marcus Leitner Swiss ambassador to Iran regarding developing banking relations.
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Turkey to Establish New Trade Mechanisms with Iran
Turkish Foreign Minister said Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions.
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UniCredit Bank Agrees to Pay $1.3 bn over Violating US Sanctions
Italy's top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said.
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CBI didn't Have Request for Loan from IMF
Central Bank of Iran in a statement said the bank didn't have any request for loan from International Monetary Fund.
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Japan Donates Tents and Sleeping Pads to Flood-Hit Regions
Japan has offered emergency relief goods for people in Iran, which has been hit with what is said to be the worst flooding in 70 years.
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Vatican Sends 100000 Euros to Flood-Hit Regions
In the wake of massive flooding in Iran, Pope Francis has sent 100,000 euros (about $113,000) for emergency aid.
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Iran Oil Exports Increase amid U.S. Sanctions
Iranian oil exports have recovered almost to pre-sanctions levels, thanks to unflinching demand from China and South Korea.
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US Fines Standard Chartered $1.1bn for Violating Sanctions
US authorities have slapped UK-based Standard Chartered with a £840m (£1.1bn) penalty for allegedly violating the International Emergency Economic Powers Act (IEEPA) against Iran and other nations — one of the largest-ever fines imposed on a bank.
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India to Continue Import Iranian Oil
India has reduced the amount of oil imported from Iran, but does not intend to abandon the purchases completely, Indian Ambassador in Russia Bala Venkatesh Varma said.
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Governor of CBI:
U.S. Measure against Iran Doesn't Have Sustainable Impact on Markets
Central Bank of Iran's Governor said the bank has a serious supervision in the currency market and as usual advise people to consider the risk of the market.
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Standard Chartered to Pay $900 mn Fine to Settle US Sanctions Breach
Standard Chartered Bank has put aside £700m to settle charges relating to Iranian sanctions.
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Iran Negotiates with Iraq to Facilitate Banking Relations
Central Bank of Iran's Governor had detailed talks with Iraqi Finance Minister for facilitating monetary and financial relations between Tehran and Baghdad.
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G7 Unable to Bridge Differences on Iran Issue
France's Foreign Minister said the G 7 couldn't solve the differences on Iran issue during its two-day meeting.
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French Humanitarian Aid for Flood-Hit Regions En Route to Iran
France's Foreign Ministry said France will send 12 tonnes of humanitarian aid to Iran's flood-hit regions in coming days