Abdolnasser Hemmati

South Korea agrees to partially unfreeze Iran's assets

After weeks of intense negotiations, Iran and South Korea reached an agreement Monday to unfreeze $1 billion of Iranian assets in Korean banks. Governor of Iran’s Central Bank Abdolnasser Hemmat met in Tehran with South Korean …

Iran eases currency rules

Iran's Central Bank lifted a ban on exchange offices, allowing them to resume work in a move aimed at bringing in badly needed hard currencies. The bank also gave the green light for Iranian "legal institutions and …