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 […]

Banking

Tax on purchases for over 5000 USD

Iran quotes the Chief of the Taxation Organization, Seyed Kamel Taghavinejad and writes that currently documents for the purchase and sales of currency over 5000 dollars should be sent to this organization. The law states […]

Banking

Iran eliminates USD from import orders

The Governor of the central bank has announced that imports will no longer be registered with the US dollar. Iran  newspaper writes that until now, orders via the banking system had to be registered using […]

Banking

Markets in Brief 02.03.2018

Tehran Stock Exchange experienced some rather non-exciting days over this week. The overall index, TEPIX, dropped several times and closed at 97,961 points on Wednesday afternoon, 0.2 percent less than a week ago. It is […]

Banking

Week in Brief 23.02.2018

Tehran to Yasuj flight operated by Aseman Airline was lost 50 minutes after takeoff on Saturday morning. Shortly after, Iran Airports Company confirmed that the aircraft, an ATR 72, a twin engine turboprop, had crashed on […]

Banking

India invests in Iran using Rupees

The Iranian President’s visit to India was among the most important events of the week. India reversed a law which had previously only benefited investors in Bhutan and Nepal, allowing Indian investors to use rupees […]