MNA Governor of Central Bank of Iran, Abdolnaser Hemmati, said Wed. that the country is making efforts to further strengthen trade transactions via national currencies, and render SWIFT practically useless. He made the remarks on the sidelines of a cabinet meeting on Wednesday, adding that the US sanctions regime has helped remove dollar from trade ...

Financial Tribune- Iran has endeavored for years to devise the right set of conditions to facilitate the entry of foreign financial institutions in its free trade zones and those efforts only intensified following the implementation of the nuclear accord that spotlighted the importance of having correspondent banking relations. At present, the country ...

MNA CBI deputy governor has reported on attraction of financial resources worth 7.2 billion dollars through three international banks.Deputy Governor of the Central Bank of Iran (CBI) for Foreign Exchange Affairs Gholamali Kamyab, while pointing to foreign exchange projects pursued by CBI in the field of Resistance Economy, said attraction of 10 billion ...

Ardabil, Aug 7, IRNA - Following implementation of the Joint Comprehensive Plan Of Action, Iran has reestablished brokerage ties with 450 foreign banks, Vice President for Executive Affairs Mohammad Shariatmadari said. In line with policies of the Resistance Economy, Iranian banks are promoting relation with their foreign counterparts, Shariatmadari ...

TEHRAN (Tasnim) Central Bank of Iran (CBI) said some 200 foreign banks have so far forged business ties with Iran since the implementation of a lasting nuclear deal between Tehran and world powers in January. Two hundred small and medium-sized international banks have started correspondent relationships with Iranian banks, CBI said in an emailed ...

TEHRAN, Iran Iranian authorities are weighing whether to launch a free financial center, most probably in one of the countrys free trade zones, to encourage capital inflow into the economy. Planning is underway to turn free trade zones into foreign investment hubs through the opening of branch offices for Tehrans equity and bond markets, setting ...

Active presence of foreign banks could help reduce transaction costs including lending rates that have increased exponentially over the past few years, a senior official with the Central Bank of Iran said. Lower transaction costs, meanwhile, can help reduce the finished cost of locally manufactured products, promote and diversify banking services,...

Iran welcomes the entry of foreign banks and their role in promoting banking technology advancement in the country, the Central Bank of Iran governor, Valiollah Seif, said Tuesday. Iran respects international rules and regulations and thus foreign banks should and will have a good experience working with and in the Iranian banking system, ILNA reported ...

Daily look at Iran's late-breaking news and upcoming events:   EUs Ashton says no guarantee of final Iran nuclear accord European Union foreign policy chief Catherine Ashton said on Sunday there is no guarantee that talks with Iran on its disputed nuclear programme will lead to a comprehensive agreement.   Irans president calls for ...

Head of the Central Bank of Iran (CBI) Valiollah Seif announced that seven foreign banks have been specified so far to conduct financial transactions with Iran following the Geneva nuclear deal, noting that three Japanese ones will embark on the task as early as Monday. Following the Geneva (nuclear) deal, seven banks have been specified for the financial ...