Tag Archives | Central Bank of Iran (CBI)

Why do Iranian Banks remain stuck with Toxic Assets?

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. On Feb. 26, the Iranian government got the go-ahead from parliament members to sell a total of 10 trillion rials ($308 million) worth of excess properties owned by the ministries of Information and Communications Technology […]

Luxembourg Court “Dismisses” US Request to Freeze Iran Assets

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court has rejected efforts by US to freeze $1.6 billion of Iranian assets in the European country. “A Luxembourg court dismissed the US request for the freeze of $1.6 billion of Iranian assets in its first verdict, and the decision has […]

Move to hand control over Bond Market to Central Bank

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 MPs move to hand control over bond market to Central Bank The Iranian parliament has called for a pause in issuing government bonds on capital markets, accusing the government of President Hassan Rouhani of […]

Parliament OKs $5bn of Foreign Finance

The Iranian parliament approved a legislation that gives permission to the administration to attract five billion dollars in finance from foreign governments and financial institutions. During an open session of the parliament on Sunday, the Iranian lawmakers approved part of an article of the budget bill of the next Iranian year (which will begin on […]

Iran, Malaysia Agree to Trade in Yen, Yuan

Iran and Malaysia have agreed to use Japanese yen and Chinese yuan in their bilateral trade, a senior Iranian banking official said. We welcome the eagerness of Malaysian banks to open accounts in Iranian commercial banks in the South Asian country’s currency, Ringgit, Deputy Governor of the Central Bank of Iran (CBI) for Currency Affairs […]

Iran Postpones Unification of Exchange Rates

By John Lee. The Central Bank of Iran (CBI) has reportedly indicated that it will not be able to unify the country’s “official” and”open market” currency exchange rates by March 20, as previously planned. According to the report from Forbes, unifying the rates has been one of the key policy goals of the Rouhani government. […]

Iran to Establish Bank in Azerbaijan

The Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country plans to establish a bank in Azerbaijan with 100 percent Iranian ownership, a report said. Azerbaijan’s Trend news agency in a report quoted Seif as saying that the plan involves turning a branch of Bank Melli Iran in Azerbaijan into an […]

Japan, Iran to Cooperate on Banking

Japan’s Financial Services Agency (FSA) has reached an agreement on banking supervision with the Central Bank of Iran (CBI). An exchange of letters between the two bodies is intended to facilitate supervision and sound functioning of banking organizations in their respective countries. Under the agreement, the authorities will provide relevant information to their counterpart regarding […]