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.
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.
Iran replaced its central bank chief on Wednesday, local media reported, amid fallout over banking scandals and the crisis facing the countrys economy.
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.
The Central Bank of Iran has officially prohibited all financial institutions, including banks and credit institutions, from handling cryptocurrencies.
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.
Iran’s media are reporting that the country’s risk classification has improved by one notch in a vital sign of improved investment environment.
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.
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.
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.