Iranian Central Bank

Japanese resumes Iranian oil imports

Japanese refiners have loaded Iranian oil onto a tanker, resuming imports after halting purchases because of sanctions by the United States, governor of the Central Bank of Iran Abdolnaser Hemmati said. "After …

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Iran to slash four zeros from rial - media

Iran’s Central Bank has proposed slashing four zeros from its battered currency. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter …

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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 …

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Iran's central bank governor replaced

Iranian President Hassan Rouhani has dismissed Iran’s central bank governor Valiollah Seif. Valiollah Seif was replaced with Abdolnaser Hemmati, who headed the state insurance …

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Iran bans Bitcoin dealings

Iran has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, Iran's central bank said. "Banks and credit institutions and currency exchanges should avoid any …

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Iran to replace dollar with euro in financial reports

Tehran will start reporting foreign currency amounts in euros rather than US dollars, state media said as part of the country's effort to reduce its reliance on the US currency due to political tension with Washington. The new …

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Tehran arrests currency traders as rial plunges

Tehran authorities have detained almost 100 currency traders and frozen bank accounts reportedly worth 200tn rials ($5.3bn) in the biggest crackdown on foreign exchanges in six years. The operation is aimed at tackling a slide in the …

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Central Banks of Russia and Iran agree to cooperate

The Bank of Russia and the Central Bank of Iran have signed a memorandum of understanding. The document was signed during the meeting of working group on financial and banking cooperation of the permanent Russian-Iranian commission for trade and …

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Americans can open bank accounts in Iran

Americans who live in Iran can open bank accounts in the country, the lawyer from the Central Bank of Iran's (CBI) Legal Studies Department Hamid Ghanbari, said. He noted that according to the US Department of the …

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Turkey and Iran sign banking co-op deal

Turkish and Iranian central banks signed a memorandum of understanding to boost banking cooperation, the Central Bank of Iran (CBI) said. The deal was signed by the deputy governor of CBI Mahmoud Yagoubi and …

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Iran wants to get Russian loan

Iranian Cabinet of Ministers instructed the Central Bank of the country to develop conditions for attracting Russian loan, media reported. Tehran plans to spend money on the development of infrastructure projects, nuclear sphere and …

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Iran’s Cabinet passes monetary reform motion

Iranian President Hassan Rouhani’s cabinet on Wednesday approved a motion put forward by the Central Bank of Iran (CBI) to change the national currency from rial to toman, leading to a ten-fold decrease in banknote denomination...

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Iran introduces credit cards

Iran introduced credit cards for the first time, ISNA reports. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a …

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Iran contributing to Islamic banking system

Governor of the Central Bank of Iran (CBI) Valiollah Seif underlined that Iran has greatly helped to the development of the Islamic banking system by basing its financial activities on Sharia law model. "Iran has …

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Iranian monetary liquidity hits $335 billion

The Central Bank of Iran (CBI) has announced that the country’s liquidity reached a total of 335 billion dollars in the second month of current Iranian year (began March 20). According to a report released by CBI, the total …

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