Hemmati Supports Toman Against Rial

Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes.  
“The initiative doesn’t incur additional costs as the government annually …

Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes.   “The initiative doesn’t incur additional costs as the government annually destroys and prints 700 million pieces of...

INSTEX Uses Factoring to Fast-Track Transactions

With the appointment of Bernd Erbel as new president of the Instrument in Support of Trade Exchanges (INSTEX) earlier in the week, it appears that the Iran-EU trade mechanism is entering its next phase.
In a bid to process transactions more quickly,…

With the appointment of Bernd Erbel as new president of the Instrument in Support of Trade Exchanges (INSTEX) earlier in the week, it appears that the Iran-EU trade mechanism is entering its next phase. In a bid to process transactions more quickly, officials in charge of the mechanism are now...

Iran's ECA Chief Joins Aman Union Board

The managing director of Export Guarantee Fund of Iran, Afrouz Bahrami, was elected as a member of Aman Union’s board of directors for two years. 
According to the official EGFI website, being a member of Aman Union gives the fund the opportunity fo…

The managing director of Export Guarantee Fund of Iran, Afrouz Bahrami, was elected as a member of Aman Union's board of directors for two years.  According to the official EGFI website, being a member of Aman Union gives the fund the opportunity for collaboration with other Muslim countries in...