CBI Blasts Bahrain Court’s Verdict as “Legally Invalid”
Director of Legal Studies Department of Iran’s Central Bank yesterday reacted to a Bahraini court’s verdict on Iranian banks and called it something lacking legal validity and it is just a political move.
Baghdad Agrees to Release Tehran Frozen Funds
Iraq has agreed to release Iranian funds blocked in the Arab country because of American sanctions for Iran’s purchase of staples
CBI Approves Emergency Funding to Help Businesses Hit by COVID-19
The Central Bank of Iran (CBI) approved emergency funding worth nearly $5 billion to offer cheap loans to businesses hit by the new coronavirus pandemic.
Sinosure Backing 3.7b Worth of Petchem Project in Iran
Iran’s chief banker says the petchem sector in the country will further grow thanks to a huge investment by China which has the backing of the country’s main credit insurance provider Sinosure.
Plots for Collapse of National Currency Defused
TEHRAN - The governor of the Central Bank of Iran (CBI) says plots for a massive devaluation of Iran’s national currency have effectively failed as the rial keeps regaining some of its value despite growing economic pressure from the United States and a flare-up of tensions in the Persian Gulf over the past weeks.
Iran Working on Forex Plans Independent of INSTEX
TEHRAN - The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
Enemies Plotting to Disrupt Forex Market
TEHRAN - Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.
Top Banker Announces Evolution of Iran’s Foreign Trade Policy
Governor of the Central Bank of Iran highlighted a major change in the country’s export items and destinations, saying Iran is practically beating the US sanctions.
Top Banker: Iran, Iraq to Use Euro, Dinar in Oil Trade
The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Abdolnaser Hemmati on Wednesday held a meeting with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab country’s business people during a trip to Baghdad. In the gathering, the top […]
‘Banking system reformations on CBI agenda’
“The plan on amending domestic banking system is being investigated comprehensively and will become operational after getting prepared,” the governor of the Central Bank of Iran (CBI) announced in social media. According to Abdolnaser Hemmati, CBI’s Money and Credit Council has approved two major foreign currency exchange mechanisms, the first is formation of ‘an organized […]