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 […]

Hemmati believes that the main weight of the currency market is directed toward the Secondary Forex Market and that currently 95-96% of imports take place in the secondary market. Central Bank of Iran’s Governor Abdolnasser Hemmati said the regulator’s policy under his watch continues to be non-intervention in the foreign exchange market. “We have said […]

An Iranian MP said on Tuesday that the former CBI governor Valiollah Seif must be held liable for rigging in gold and currency markets. Mohammad Hassannejad, a member of Iranian Parliament’s Economic Commission, said that the former governor of the Central Bank of Iran (CBI) Valiollah Seif must be held responsible for riggings in the […]

TEHRAN – The Central Bank of Iran (CBI)’s new foreign currency package, approved by the Cabinet on Sunday evening, would come into effect on Tuesday, CBI governor announced in a televised interview on Sunday night. “The new package will expand domestic secondary market, where only 20 percent of non-oil exporters could offer their foreign currencies […]

TEHRAN- The Supreme Council for Economic Coordination reviewed and approved Central Bank of Iran (CBI)’s new general foreign currency policies as well as solutions to accelerate fighting corruption in domestic economy, Fars news agency reported on Saturday. According to the council’s Saturday morning session, led by President Hassan Rouhani, the details of the approved policies […]

 Iranian Foreign Ministry Spokesman Bahram Ghasemi has condemned the US new sanctions against Iran’s Central Bank head, calling them US reaction to worldwide condemnations against its JCPOA exit. Ghasemi added that the new United States sanctions were imposed after the US failure [in mobilizing the world against Iran] following its unilateral withdrawal from the nuclear deal […]

Governor of the Central Bank of Iran (CBI) Valiollah Seif said that banking ties between Iran and Croatia will be expanded. Speaking in his meeting with Martina Dalić, Deputy Prime Minister of Croatia and Minister of Economy, Small and Medium Entrepreneurship and Crafts, Seif pointed to the strong determination of governments of the two countries for promoting bilateral trade ties […]

TEHRAN – Some 37.5 trillion rials (about $889.5 million) worth of banking facilities were provided to Iranian knowledge-based companies during the past Iranian calendar year (March 2017-March 2018), Mehr news agency reported on Saturday. According to Central Bank of Iran (CBI), only in the last month of the past calendar year (February 20-March 21, 2018) […]

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 […]

TEHRAN – A lawmaker announced on Tuesday that 163 members of the parliament in a letter to President Rouhani have called for the dismissal of central bank governor Valiollah Seif. By pointing the fall of the rial, the MPs have said Seif has been unable to control the foreign currency market, Javad Abtahi was quoted […]