Central Bank of Iran

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

Iran, Russia moving closer to integrating banking systems

Fresh indications have appeared that show Iran and Russia are moving closer to an ambitious plan to integrate their banking systems – a strategy both hope would make them immune to the financial sanctions of the United States in the future.

Financial Markets

Central Bank of Iran to boost transparency among state-owned enterprises

To finalize the process of transferring the bank accounts of state-owned enterprises to the Central Bank of Iran to boost transparency, the regulator has issued a directive setting a deadline of three months for all the accounts to be moved.

Financial Markets

World Bank reports major drop in Iran’s debts

The World Bank says Iran’s foreign debts rose slightly in 2015 but were still significantly lower than 2011 when the country faced a series of US-led sanctions.

Macro Economy