Tag Archives | bank transfers

Iran, Netherlands Discuss Facilitation of Trade, Banking Ties

Iran’s ambassador to the Netherlands and president of the European country’s central bank in a meeting in The Hague explored avenues to facilitate trade and financial transactions between the two counties. The Iranian diplomat, Alireza Jahangiri, and President of De Nederlandsche Bank (DNB) Klaas Knot in the meeting discussed ways to boost banking interactions between […]

Iran to discuss Banking Obstacles at UN

Iran’s Deputy Minister of Roads and Urban Development Asghar Fakhrieh Kashan said issues related to removal of banking obstacles to the revival of trade in the country under the JCPOA will be discussed on the sidelines of United Nations meetings in New York this week. “We are negotiating and I hope that during the trip […]

Govt. Spokesman: No Oil Co. Subject to Banking Sanctions

Government spokesman Mohammad-Baqer Nobakht says no oil contractor and company in Iran is subject to sanctions by Iranian banks presently. Addressing a press conference, Nobakht said Iran does not recognize unjust sanctions. Nobakht said government of Iran does not recognize any of the sanctions issued by the ill-wishers against Iranian nation. “If a real or […]

Iran, Russia Ink Banking MoU

Iran and Russia have signed an MoU on banking cooperation, covering such areas as anti-money-laundering (AML), CFT, bilateral monetary treaties and settlements in national currencies. The document was signed by Mr Kamiab, vice governor of foreign exchange affairs from the Central Bank of Iran (CBI) and Dmitry Skobelkin, Deputy Governor of the Central Bank of […]

India Clearing Remaining Iran Oil Dues via German Bank

Indian refiners have started to settle the rest of their outstanding oil dues to Iran via State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH), a report said. In an attempt to speed up payment of billions of Iranian oil dues, Indian refiners are settling their debts via EIH as timely payment of […]

Deutsche Bank Says Still ‘Cautious’ in Trade with Iran

A senior official with Germany’s Deutsche Bank said the transaction bank will remain tentative in its financing business with Iran despite the removal of anti-Tehran sanctions. “We remain extremely reserved when it comes to Iran,” said Werner Steinmueller, the head of Deutsche Bank’s Global Transaction Banking unit, referring to the difficulties in working with Iranian […]

Iran Still Has Banking Problems in Trade with China

Head of the Trade Promotion Organization of Iran (TPO), Valiollah Afkhami Rad, said banking problems are still hampering the progress of economic relations between the Islamic Republic and its biggest trade partner, China. “Correspondent banking relations should be established to develop trade between the two countries,” Afkhami Rad said in a speech in Tehran on […]

No More Barriers to Trade with Iran in Euros

An Iranian diplomat has aid there are no more limits on the country’s financial transactions with foreign banks in euros, a clear sign of which was India’s recent move to clear part of its debts to Iran in euros through a Turkish bank. “Restrictions on our country’s banking transactions in euros have been removed,” Hamid […]

West Encourages Business with Iran

Statement by France, Germany, United Kingdom, United States and the High Representative of the European Union for Foreign Affairs and Security Policy on Post-JCPOA Business with Iran Under the Joint Comprehensive Plan of Action (JCPOA), the European Union and the United States have lifted economic and financial nuclear-related sanctions on Iran in exchange for Iran’s […]

Kerry Reassures European Banks over Iran Trade

By John Lee. U.S. Secretary of State John Kerry told Europe’s top banks they have nothing to fear from resuming business with Iran, as long as they make proper checks on trade partners and pursue “legitimate business”, according to a report from Reuters. Addressing a meeting of executives from leading European banks in London, he […]

US officials Explain Iran Policy but fail to Persuade

By Barbara Slavin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US officials circle globe to explain Iran policy but fail to persuade Since a landmark nuclear deal went into effect in January, US officials have conducted roundtables with banking officials in more than 15 […]

US to Allay British Banks’ Concerns about Ties with Iran

US Secretary of State John Kerry is planned to hold talks with representatives of a number of tentative British banks this week in London in a move to allay their concerns about forging ties with Iran following a lasting nuclear deal. The British Bankers’ Association (BBA) has circulated a note to its members inviting them […]

Will ‘Free Financial Center’ Lure Foreign Banks to Iran?

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian authorities are weighing whether to launch a free financial center, most probably in one of the country’s free trade zones, to encourage capital inflow into the economy. “Planning is underway to turn free […]

Why big Euro Banks are Reluctant to Return to Iran

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s largest bank is eager to resume ties with major European banks, but only smaller financial institutions have been willing to return to the Iranian market in the aftermath of a landmark nuclear deal. […]

Danish FM Hopes for Lift of Ban on Money Transfers

Denmark’s Foreign Minister Kristian Jensen has expressed the hope that the restrictions surrounding money transfers to Iran will be lifted swiftly. In a meeting with Iran’s Deputy Foreign Minister for Consular, Parliamentary and Expatriates’ Affairs Hassan Qashqavi in Copenhagen on Tuesday, Jensen underlined the need for promotion of bilateral ties between the two countries in […]

Irish Banks claim Difficulties in Trade with Iran

Two major Irish banks confirmed on Tuesday that restrictions on processing Iranian money are still in place despite a lasting nuclear between Tehran and world powers. AIB (Allied Irish Banks) and Bank of Ireland announced that they still face difficulties in working with Iranian banks, saying that the restrictions could see Ireland lose ground to […]

How Sanctions Relief became a Tool in Iran’s Domestic Battles

By Khatereh Vatankhah, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. With the removal of nuclear-related sanctions on Iran, domestic opponents of the administration of President Hassan Rouhani have changed tack, shifting to criticism of his handling of the economy. In their latest attack, these […]

Fight over Iran’s Access to Dollars takes Partisan Turn

By Julian Pecquet, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Congressional Republicans appear to be hurtling toward a showdown over Iran’s access to the US dollar with little or no support from Democrats, potentially dooming their legislative efforts to block further concessions to Tehran. […]

Video: Iran says cannot access Frozen Funds

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The Governor of Iran’s Central Bank, Valiollah Seif, tells the Council on Foreign Relations in Washington that Iran still cannot access its frozen funds abroad and he doesn’t think that their Western partners are […]

Iranian Merchants Still Facing Barriers to SWIFT

A member of Iran’s Chamber of Commerce complained about the lack of practical influence of the country’s reconnection to SWIFT, saying his company has still difficulty in using the financial telecommunication service for trade with the foreigners. Speaking to the Tasnim News Agency, Majid Movafeq Qadiri (pictured) said his company could not still open letters […]