After weeks of speculation about the banking problems of Iranian students and businesses in China, which ranged from difficulties in conducting transactions to the total closure of accounts, a breakthrough has been made to end those concerns. While the Chairman of Iran-China Chamber of Commerce Asadollah Asgaroladi had this week been quoted by local media […]

The governor of the Central Bank of Iran on Monday met with the ambassador of Switzerland in Tehran to discuss improvements in the banking system and the possibility of Iranian lenders opening branches in the Alpine country. “Iranian banks are now operating within the framework of international regulations and many measures have been taken to […]

Market News – The CBI statistics on Iran’s Economy components in Aban month (Oct. 23-Nov.21) demonstrate a change in the money supply face; money volume has increased by 3% over the quarter ended in Aban, while it had grown 1.5% in the same period last year. Furthermore, the near money experienced a 4.4% increase over the period […]

Governor of the Central Bank of Iran has reiterated that foreign exchange rates will continue to dwindle while saying “we do not insist on illogically bringing down the price of gold coins” in reference to the regulator’s recent announcement that a country-wide coin presale is to start from Feb. 4. “Forex market fluctuations of the […]

Market News – Submitted to the parliament on December 10th, the outlines of Iran Budget Bill for 2018/19 were discussed in the Majlis open session and disapproved with 120 lawmakers against it on Saturday. The Joint Commission, as the responsible body for reviewing the bill, has now been given 72 hours to apply the required changes. The […]

In its bid for a more organized and financially healthy foreign exchange market, the Central Bank of Iran has licensed dozens of new exchange shops since the middle of summer. The latest additions to the list of moneychangers licensed by CBI shows that 618 bureaux de change are allowed to operate in the forex market, […]

Market News –After a huge wave of protest to SEO’s new disclosure directive, today at meeting with board members of SEO and market professionals, it was decided for the missing financial information needed by analysts to come back in form of annex tables to management performance reports for 7 groups of industries. Banking, Insurance, Leasing, Investments, constructions, production and service […]

Market News – In its latest upgrade, and as the result of efforts by the government and the banking system aimed at improving Iran’s economy, the Organization for Economic Cooperation and Development (OECD) improved the county’s ranking in terms of export credit risk from 6 to 5; the last upgrade was done in June 2016 where the country’s […]

With the aim of stabilizing the gold market, boosting supply and facilitating easier access for people, the Central Bank of Iran is to start the presale of gold coins from Feb. 4, the director of the regulator’s Office for Banknote Issuance announced. “The gold coin presale will be conducted through all the branches of Bank […]

Europeans spent much of last year trying to convince US President Donald Trump to do no harm to the nuclear deal Iran signed with world powers in 2015, also known as Joint Comprehensive Plan of Action. Trump’s policy toward Iran is clearly at odds with European interests. Even if he can be persuaded to renew […]