Market News – Following the recent hikes in USD/IRR and eyeing the future of global gold price, the options trades on Iranian gold coin future contracts took a pick on the very first days of the new year. More than 113,191 option contracts worth IRR 21,671 bn (cUSD 473.8 mn) have been sold during the first 3 […]

The Central Bank of Iran announced that its finance deal with Austria’s Oberbank has not been halted after a report suggesting otherwise emerged in the past few days. “As Austria’s ambassador to Tehran announced, Austria’s Oberbank and the country itself have had no policy changes in having financial relations with Iran, and cooperation is continuing,” […]

Iran is yet to fully regain its status in the global banking industry following the implementation of the 2015 nuclear deal that provided sanctions relief, and in case of Sweden, it hopes that joint ventures in the auto industry would prove a turning point. On Wednesday, a host of high-level officials with the Central Bank […]

Market News – As a part of President Rouhani’s transportation fleet renewal plan to reduce air pollution and fuel consumption, Iran’s truck fleet is to be renewed, which can pave grounds for resuming correspondent banking relations between Iran and Sweden. As estimated, this plan provides an investment opportunity worth EUR 5 mn, that in case financed by […]

The International Monetary Fund, in its latest assessment of Iran’s economic situation as part of its Selected Issues paper, has hailed Iran’s progress in upgrading its legislative and institutional anti-money laundering and combating the financing of terrorism (AML/CFT) framework. IMF believes this would help facilitate the country’s broader connections to the global banking system, the […]

The governor of the Central Bank of Iran on Tuesday made several appointments as he enters his fifth and the final year of his term.  In his first announcement, Valiollah Seif appointed Hossein Yaqoubi Miab as his deputy for international affairs, replacing Gholamali Kamyab who now will serve as an advisor to Seif. Miab earlier […]

Market News – Following the recent rise in Iranian gold coin (Bahar Azadi) price, the derivate board of Iran Mercantile Exchange has decided to take margin limits higher for future contracts. According to the news, the initial margin is set to be IRR 17,500,000 for each contract from today (Apr 04, 2018). Counting the additional margin as well, the total figure […]

Market News – Following the administration’s corrective tax policies and according to the head of Majlis Economic Commission, the Value Added Tax bill will go through infrastructural reforms until the end of spring, based on which, the producers are no longer subjected to pay VAT. This caused the 90% of production sector difficulties over the recent years mostly because […]