Financial Sector

USSD codes use to be stopped

While the infrastructure for money transfer with USSD codes were quickly developing, the Central Bank has announced that until such time that operators can guarantee the security of these services, the use by customers should […]

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 […]

Week in Brief

Iran Economy in Brief – No. 84

A new credit line for Iran: $10b During the last week’s visit of the Governor of the Central Bank of Iran to China, an agreement was signed to extend a 10-billion-dollar credit line between five […]

Week in Brief

Iran Economy in Brief – No. 56

Hamedan hosts Iran’s largest solar farm 14 Megawatt solar power plant has been inaugurated in Hamedan Province this week. Other 21 Megawatt power plants are under construction. This way one of the most ancient provinces […]

Industries

Sarmayeh Bank opens branches abroad

Sarmayeh Bank will open branches in the UAE, Oman, Russia, Italy and the Czech Republic, by April 2017, said its CEO, Mohammadreza Khani. Following new regulations in the Iranian banking system since August 2016, both […]

Week in Brief

Iran Economy in Brief – No 55

Which foreign currency will replace US Dollar in Iranian reports? “Central Bank of Iran will change the currency used in the economic reports from US-Dollar to another foreign currency within the next two months”, announced […]