Market News – The integrated Iranian FX platform, aka “NIMA”, aiming to facilitate the currency trades for market participants, will be launched today afternoon, after massive controversial debates on the nation’s foreign exchange rate volatilities. Putting banks as the main market player, the new platform will promote transparency, fix the market liquidity, gather all FX needs of […]

The Sixth Iran-Europe Banking and Business Forum is to be held in Tehran on April 28-29 at the five-star Espinas Palace. The event, previously held both in Tehran and Frankfurt, will this time focus on “Iran’s business and banking ties two years following the implementation of JCPOA” that refers to the formal name of Iran’s […]

The Central Bank of Iran has focused on encouraging people to entrust their foreign currency banknotes to the banking system and according to the regulator’s director of the Department for Foreign Exchange Regulations and Policies, banks are allowed to devise their own interest rates on foreign currency deposits. “CBI’s interest rates for forex deposits are […]

Governor of the Central Bank of Iran has provided further details about the new Forex Deals Integrated System, noting that it will reposition banks as the main market player, promote transparency and provide the needs of people. According to Valiollah Seif, who was speaking on Saturday at a conference presided by President Hassan Rouhani, the […]

The Central Bank of Iran has officially prohibited all financial institutions, including banks and credit institutions, from handling cryptocurrencies. According to a statement published on CBI’s official website on Sunday, the decision to ban all monetary and financial institutions from using Bitcoin and other cryptocurrencies was taken during the 30th meeting of the High Council […]

As a Swedish business delegation met with their Iranian counterparts at the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Wednesday, the ambassador of the Scandinavian nation conferred with the head of the private sector entity to discuss bilateral relations. Helena Sangeland, Swedish ambassador to Tehran, sat down with TCCIM chief, Masoud Khansari, and […]

Market News – The Majlis approved an amendment on the General Policies Pertaining to Principle 44 of the Constitution on Wednesday, based on which, Iranian banks& credit institutes, including state and non-governmental banks, established both before and after this law, or state banks whose shares are divested, are only allowed to operate in the form of […]

Market News -Stressing on the need to reconsider some decisions, the Head of the Economic Commission of Majlis announced their agreement as a whole with the recent measures taken by the government to control and manage the foreign exchange market. As has been previously reported in Agah daily reports, the government set a single exchange rate […]

Market News -Referring to Iran’s full compliance with its commitments as confirmed by the IAEA, the European Union Foreign Policy Chief reported that they are determined to make sure that all other parties, as well, stay committed to the implementation of the JCPOA. Considering the probable talks and negotiations taking place with North Korea, she […]

Market News – In the 11th Iran FINEX inauguration speech, the Head of the Securities & Exchange Organization (SEO) of Iran enumerated the attempts done and steps taken in Iran Capital Market during the previous year and announced the actual and efficient measures being taken to tackle issues, including the reconsideration of base volume and introduction of dynamic fluctuations domain. […]