Tuesday, 26 October , 2021
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Ex-CBI Chief under Investigation over Corruption Case: Judiciary 09 Sep 2018

Ex-CBI Chief under Investigation over Corruption Case: Judiciary

The Iranian Judiciary is investigating the former governor of the Central Bank of Iran (CBI) over recent economic corruption cases, the Judiciary’s Spokesman Gholam Hossein Mohseni Ejei announced. Speaking at a televised program on Saturday night, Ejei said some government officials have been investigated for possible involvement in the recent financial corruption cases. Regarding the disruptions to […]

Iran senior MP calls on E3 to do more regarding JCPOA implementation 03 Sep 2018

Iran senior MP calls on E3 to do more regarding JCPOA implementation

Chairman of the National Security and Foreign Policy Commission of the Iranian Parliament says that other signatories to JCPOA need to make more efforts to fulfill their commitments to the deal. Heshmatollah Falahatpisheh, the Chairman of the National Security and Foreign Policy Commission of the Iranian Parliament held a meeting with the visiting UK Minister of State for […]

Iran to announce new mechanism to prevent further rial depreciation 04 Aug 2018

Iran to announce new mechanism to prevent further rial depreciation

The Iranian First Vice-President Es’hagh Jahangiri said Sat. that a new set of forex policies to bring the rial depreciation under control will be announced by Central Bank of Iran on Monday. Eshagh Jahangiri made the remarks on the sidelines of a meeting of the Supreme Council of Economic Coordination in Tehran on Saturday. According […]

Iran Stocks Bow to Systematic Risks 21 Jul 2018

Iran Stocks Bow to Systematic Risks

Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices, based on a stronger dollar and an escalating trade war between the US and China, sunk metal stocks’ fortunes in Iran as its main drivers, augmented by the government’s refusal to allow the sale of commodities at an exchange rate […]

Iran’s oil payment via European banks ‘impossible’ 25 Jun 2018

Iran’s oil payment via European banks ‘impossible’

 Indian officials announced that payment of oil money to Iran through European banks is ‘impossible’. In a session held in the presence of French, German and UK bankers, payment of oil money to Iran via European banks is relatively ‘impossible’. Several Indian governmental sources announced that India intends to revive a mechanism for oil payments […]

Austria’s Oberbank set to finance construction of infrastructural projects in Iran 23 Jun 2018

Austria’s Oberbank set to finance construction of infrastructural projects in Iran

 In his meeting with the governor of Central Bank of Austria, Iranian Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian revealed the construction operation of several infrastructural projects in Iran with a credit line, worth €1 billion, which will be financed by Austria’s Oberbank. Karbasian, who is in Austrian capital Vienna to participate in […]

US imposes sanctions against Iran central bank governor, Iraq-based bank 16 May 2018

US imposes sanctions against Iran central bank governor, Iraq-based bank

The United States on Tuesday imposed sanctions on Iran’s central bank governor, Valiollah Seif, and Iraq-based Al-Bilad Islamic Bank for “moving millions of dollars” for Iran’s Revolutionary Guard Corps, as Washington seeks to cut off funding for what it claims is “Iran’s malign activities in the Middle East.” US Treasury Secretary Steven Mnuchin claimed Seif covertly […]

Iran not concerned about US pullout from JCPOA 29 Apr 2018

Iran not concerned about US pullout from JCPOA

 Central Bank of Iran (CBI) has predicted all scenarios in case of US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), the official title of nuclear deal. Central Bank of Iran (CBI) Governor Valiollah Seif made the above remark and said, “CBI has forecast different scenarios in case of US pullout from JCPOA, so […]

CBI bans use of cryptocurrencies 24 Apr 2018

CBI bans use of cryptocurrencies

TEHRAN- The Central Bank of Iran (CBI) officially banned the use of cryptocurrencies, such as bitcoin, in financial transactions. The act is to prevent crimes such as money laundering and terrorism, the Public Relations Department of CBI announced. The ban applies to all monetary and financial centers of the country, including banks, financial institutes and […]

Banking problem, most significant obstacle facing Swedish firms in Iran 15 Apr 2018

Banking problem, most significant obstacle facing Swedish firms in Iran

Head of Foreign Investment Center at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Ferial Mostofi said that Swedish banks have either American shareholders or have partnership in US Stock Exchange Market and for this reason, Swedish bank are worrying about resumption of their cooperation with Iranian banks. A Swedish trade and business delegation […]