Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Mon. that removing four zeros off national currency ‘rial’ will take about two years. The proposed bill for lopping four zeros off rial requires approval of both the government and the Parliament, he said, adding, “economic experts estimate that launching this task will take […]

Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods. Abdolnaser Hemmati, Governor of the Central Bank of Iran, said in a meeting with the board of governors and members of Iran Chamber of Commerce on Saturday […]

 In a meeting between Central Bank of Iran (CBI) Governor Abdolnaser Hemmati and Syrian Minister of Economy and Foreign Trade Mohammad Samer al-Khalil in Tehran on Monday, the two sides investigated the ways to facilitate banking transactions between Iran and Syria, CBI website published. As reported, establishment of a joint bank was one of the […]

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said that the United States failed in sanctioning Iranian oil. Today, it has been clear for everyone that the United States has been defeated in sanctioning Iranian oil and minimizing it into zero level completely under any pretext. He made the above remarks on his […]

The governor of the Central Bank of Iran (CBI) has said a bilateral monetary agreement has been struck between Iran and Europe, through which exporters can receive their revenues from exports to other countries. Abdolnaser Hemmati said the details of the monetary mechanism with Europe had been discussed with the Europeans in Brussels last week, […]

In a meeting between Iranian Central Bank Governor Abdolnaser Hemmati and his Russian counterpart Elvira Nabiullina in Moscow on Thursday, the two sides stressed the need for the expansion of banking cooperation between Iran and Russia. Using national currencies of the two countries in bilateral trade was the main pivot of the negotiations between the […]

 Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati announced that $13 billion has been allocated to supply basic goods required in the country. As the official has previously announced CBI has paid €3.2 billion to import basic goods during the past month. “In the past month, €1.8 billion has been paid for importing basic […]

TEHRAN- A smoother trend of deals is being seen in the secondary foreign currency market, according to Abdolnaser Hemmati, the governor of Central Bank of Iran (CBI). Making the remarks among the reporters on the sidelines of the meeting of the Economic Committee of Majlis (Iranian parliament) on Sunday, the official said: “The secondary market […]

Governor of Central Bank of Iran, Abdolnaser Hemmati, said a new foreign currency package aimed at reigning in the currency rates will come into effect on Tuesday. Speaking in a televised interview Sunday night, the newly-appointed CBI governor, Abdolnaser Hemmati, discussed the country’s new foreign currency package which aims to reign in the currency rates […]

Abdolnaser Hemmati has been appointed by Rouhani’s cabinet as the new governor of Central Bank of Iran, replacing Valiollah Seif. Rouhani’s cabinet on Wednesday gave Abdolnaser Hemmati a vote of confidence to replace Valiollah Seif as the governor of the Central Bank of Iran. Hemmati had previously served as the president of Central Insurance of Iran […]