Banking

Week in Brief 16.02.2018

Devaluation of Iranian Rial and the fluctuations in Forex market have become the daily, even hourly, topic. On Tuesday, the Police stopped some foreign currencies’ speculators. The Central Bank of Iran said that every evening […]

Banking

Refueling? Take cash with you

Ebtekar reports that if you plan on visiting a gas station, you should carry cash. Since Shaparak Co., a Central Bank of Iran subsidary, who provides POS services (Point of Sales), has changed its payment […]

Banking

Week in Brief 02.02.2018

It was a surprise that for the first time after the Islamic Revolution, the parliament rejected next year’s budget bill. A number of representatives have said that the unfair allocation of budget to cities is […]

Banking

Chinese banks’ share acquired by Iranians

Akhbar Sannat newspaper quotes the Head of the Iran and China Chamber of Commerce, Asadollah Asgaroladi, announcing the Central Bank of China’s agreement and issuing of licenses for the Iranian private sector to purchase up […]

Banking

Week in Brief 26.01.2018

One of the hottest topics of the week was the exchange rate for the US dollar which reached 47000 IRR on Monday. While exchange offices refused to buy and sell dollars, the Governor of the […]

Banking

No new private bank in Iran

The Central Bank of Iran will no longer issue license for new private banks and money lenders, reports Bloomberg, following the new instructions given by President Hassan Rouhani. Several of illegal financial institutions which had […]

Banking

Banking Sector: blocked in the stock market

Ebtekar newspaper published a list of banks and financial institutions whose symbol has been stopped from trading for several months. The symbol of Iran’s Saderat Bank has been blocked since June 2016 due to general […]

Banking

A Linea of Credito per Iran

Iran newspaper announced the signing of a contract for 5 billion euros in financing between Sanaat and Madan Bank (Mining and Industry Bank), Khavarmianeh Bank (Middle East Bank) and Invitalia Global Investment. Civil and manufacturing […]