The governor of the Central Bank of Iran said on Monday Iran’s banking relationship with the outside world is incomparable with what it was before the nuclear deal was reached between Iran and word powers, which is formally known as the Joint Comprehensive Plan of Action. After a meeting with the members of Majlis Economic […]
The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency. Announced last week, the ban blocks imports priced in the US dollar for Iranian traders and is in line with the recent policy of the government and the Central Bank of Iran […]
The 57th annual general meeting of the Central Bank of Iran was chaired by President Hassan Rouhani on Sunday, at which the president spoke of economic achievements during his tenure and what is to come in the next fiscal year (starting March 21). “Based on economic indicators, the collective economic policies of the government and […]
The Central Bank of Iran has prepared a set of policies for the monetary and foreign exchange markets, which will act as a blueprint for regulating these markets, the bank’s deputy governor announced on Sunday. Akbar Komijani also told reporters on the sidelines of CBI’s annual general meeting that the policy package consists of 19 […]
Iran’s high-ranking political and economic delegation, headed by Foreign Minister Mohammad Javad Zarif, completed the last leg of its East Europe tour on Saturday after focusing on resolving banking issues hampering bilateral relations. The delegation, also including businessmen and entrepreneurs from the private and public sectors headed by Masoud Khansari, director of Tehran Chamber of […]
Market News – The total net asset value of Iranian Investment Funds has been reduced by IRR 57,000 (cUSD 1,280.32 mn) in a period from mid-November 2017 until March 24, 2018. Despite the negative effect that CBI rescue package had on Iranian Investment Funds, there has been a change of investment theme among them. According to the latest stats, the […]
Market News – Reacting to the rumor on the bankruptcy of Iranian Banks in general (and Bank Saderat in specific), the Minister of Economic Affairs and Financeannounced that Saderat bank is one of largest of its kind in the country in possession of a significant amount of assets, whose capital will also surge after implementing the asset revaluation. He then […]
Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi signed nine bilateral agreements, including an 18-month lease of part of the Iranian port of Chabahar, near the Pakistan border, to India for an $85 million development project during a meeting in New Delhi on Feb. 17. Modi said the port deal would help expand […]
Top representatives of Bank Melli Iran, the country’s biggest bank, and Spain’s Aresbank met on Tuesday to prepare the ground for expanding ties in the near future. “The requirements for allocating short- and long-term facilities have been determined and Aresbank is ready to discuss this,” Luis Casado, general manager of the Spanish lender, was quoted […]
Market News – In order to maintain the current calm situation of the FX market, a new wave of Islamic Treasury Bills with a nominal yield of 20.5% will be issued on Iran Fara Bourse from Saturday, Mar 10, 2018.” Said Nobakht the Spokesperson of the Government of Iran. President Rohani’s administration tried hard to leash USD/IRR before by introducing […]
