Week in Brief

Week in Brief 23.11.2018

Iran and Russia want to collaborate in creating a block-chain-based money transfer system. A system which the Central Bank of Iran says can be a replacement for SWIFT. Last week, SWIFT announced that it will […]


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 […]


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 […]


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 […]

Week in Brief

Week in Brief 09.02.2018

As extreme air pollution shuts down the schools once again for three days, the President announces the launch of a plan to reconstruct the transportation fleet. The plan permits the old commercial vehicle owners to […]

Financial Sector

Iran asks billions from Deutsche Börse

Central Bank of Iran (CBI) has filed a suit against the German company, Clearstream, and Italian Bank UBAE. Clearstream, owned by Deutsche Börse, provides settlement and custody services for securities. It is based in Luxembourg […]


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 […]


Exchange Rates Will Emerge?

There are two exchange rates used in Iran: official rate, 1 USD equal to 30,449 IRR, and market price, 1 USD to 34710 IRR, making the current gap to be 13.9%, almost 3 percentage-points less […]

Week in Brief

Iran Economy in Brief – No. 23

  Banks Must Do Banking Financing remains one of the biggest obstacles for Iranian businesses, particularly for SMEs. Low efficiency in financing system causes the cost of credit provided from banks to be much higher […]