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EU to Retaliate against U.S. Sanctions on Iran by Strengthening Euro
A response to US-initiated unilateral sanctions should consist of measures to make the euro stronger when it comes to international transactions, French Finance Minister Bruno Le Maire told.
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Iran to Open Special Account in Iraqi State-Owned Bank
Vice president of Iran's Chamber of Commerce's investment commission says Iran is going to open a special account in an Iraqi state-owned bank,adding granting waiver to Iraq by U.S. is based on having non-dollar transaction with Iran.
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U.S. Grants Waiver to South Korea for Importing Iranian Oil
South Korea has received a waiver on the renewed U.S. embargo on imports of Iranian oil, after months of negotiations between the allies, foreign media reported Monday.
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U.S. Threatens SWIFT to Penalty If it Provides Services to Iran
US Treasury Secretary Steven Mnuchin has warned global financial messaging service SWIFT that it could be penalized if it doesn’t cut off financial services to entities and individuals doing business with Iran.
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Iranian Financial Regulators Integrating with Russian SPFS
The Russian MP said Russia is already engaged in talks with Chinese, Turkish and Iranian financial regulators on integrating SPFS with financial messaging systems of these countries.
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IMF: Iran Should Strengthen its Macroeconomic Stability
International Monetary Fund says Iran should safeguard its macroeconomic stability in new round of U.S.sanctions on its oil sector.
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Iran Ranks 128th in Business Environment in World
The World Bank Group states that Iran's business environment in 2019 inched up to 128 out of 190 countries.
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Trump Administration Grants Waiver to India for Importing Iranian Oil
The US has broadly agreed to grant India a waiver from Iran sanctions, which would allow Indian oil companies to continue to import about 1.25 million tonnes of oil a month till March from Tehran, sources familiar with the matter said.
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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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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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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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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.