Banking

The Minister of Economy was impeached

Iran Minister of Economy was removed from office. On Sunday, Masoud Karbasian, the Minister of Economy was impeached in the parliament. After answering the questions, he failed to receive a vote of confidence and was […]

Banking

Germany urges an independent payment channel to Iran

It is almost clear: without a proper international payment channel to Iran, the nuclear deal cannot be saved. The German Foreign Minister, Heiko Maas, urges creating such channel between Europe and Iran, independent of the […]

Banking

Week in Brief 06.07.2018

The Central Bank of Iran has released a list of businesses which have received US dollars at the 42000 IRR per USD currency exchange rate. The list was published after numerous companies received foreign currency […]

Banking

Travelers can carry only 5000 euros

This week, the Central Bank announced that travelers abroad can carry up to 5000 euros in cash out of the country and sums greater than 5000 euros must be declared at the airport or border. […]

Banking

Iran replaces dollar by euro in its reports

Iran switches from dollar to euro in its official foreign trade reporting, writes Reuters, quoting the Central Bank governor, Valliolah Seif, saying: “dollar has no place in our transactions today”. France who tries to keep […]

Banking

Markets in Brief 16.03.2018

The two major banks’ stocks, Bank Saderat and Parsian Bank, reopened to traders on Wednesday after being halted for nearly 20 months. Upon their return and release of financial statements, Bank Saderat lost 50% of […]

Banking

Merger of of financial institutions

Mehr Eqtesad Financial Institute and Samen Credit Institution will be merged into Ansar Bank. Hamshahri announced the end of the first phase disbanding illegal financial institutions by the end of the month. In the second […]

Banking

20 billion USD in currency at Iranian homes

Iran writes of plans to connect Iran’s Shetab banking network to Turkish and Russian banking systems. Mostafa Beheshtiruy, Member of the Board of Directors at Pasargad Bank has said that the project is already underway […]