Central Bank of Iran

High-level European delegation to visit Iran to hammer out INSTEX

INSTEX, whose creation was announced on the last day of January, can function when there is a similar company in Iran that will be supervised by the Central Bank of Iran. Now, a high-level European delegation is set to travel to Iran to hold talks on details.


Iran to merge banks owned by military institutions into Bank Sepah

The banks and financial institutions were created in a bid to have control over their benefits and expenditures, breaking away from the oldest lender Bank Sepah. However, the government is trying to cut armed forces’ role in economic activities.

Financial Markets

Iran to unveil company similar to INSTEX ‘soon’: CBI

INSTEX was created by Germany, France and the UK on the last day of January after months of deliberation by European countries. Its a financial mechanism meant to provide a legal and transparent channel in which Europe engages in trade of non-sanctioned goods with Iran following US sanctions.


Iran, Europe to establish payment channel soon: CBI governor

Iran and European signatories of the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), will establish a special payment channel in the near future, Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said.

Financial Markets

Iran, Russia, Turkey agree to ditch dollar in trade

Governor of the Central Bank of Iran says Tehran, Moscow and Ankara have agreed on a number of economic measures like removing the US dollar from their mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure.

Financial Markets

Iran replaces central bank chief

Iran replaced its central bank chief on Wednesday, local media reported, amid fallout over banking scandals and the crisis facing the countrys economy.

Financial Markets

IMF to work with Iran banking chief despite US bans

The International Monetary Fund (IMF) has declared that it will continue cooperation with Governor of Irans Central Bank (CBI) Valiollah Seif despite the new US sanctions against the Iranian official.

Financial Markets

Cryptocurrencies barred in Iran

The Central Bank of Iran has officially prohibited all financial institutions, including banks and credit institutions, from handling cryptocurrencies.

Financial Markets

Central Bank of Iran to issue Forex bonds for the first time

The Central Bank of Iran has announced a plan to issue foreign currency bonds for the first time to provide those interested in forex investment with more mainstream instruments.

Financial Markets

With better risk rating, Iran now stands next to Brazil

Iran’s media are reporting that the country’s risk classification has improved by one notch in a vital sign of improved investment environment.

Macro Economy