EU Pushed Back When Trump Sanctioned Iran’s Banks in Oct.

Germany, France and Britain urged the Trump administration in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter legitimate humanitarian trade and hurt the allies’ common interests, diplomatic corr…

Germany, France and Britain urged the Trump administration in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter legitimate humanitarian trade and hurt the allies’ common interests, diplomatic correspondence shows. Germany’s Bundesbank also...

Bond Sale Generates $78m

The government sold bonds worth 19.5 trillion rials ($78 million) at the weekly auction on Tuesday — apparently   higher compared with the nine months’ average but way lower than the previous week. 
A press statement of the Central Bank of Iran sai…

The government sold bonds worth 19.5 trillion rials ($78 million) at the weekly auction on Tuesday -- apparently   higher compared with the nine months’ average but way lower than the previous week.  A press statement of the Central Bank of Iran said three banks put in bids collectively worth 6...

CBI Lends $130m to Bankers Under Repo

The Central Bank of Iran last week granted short-term loans worth 33.1 trillion rials ($130 million) to banks in need of liquidity in the interbank market.
According to a CBI press statement, the regulator received 15 loan requests worth 61.5 trilli…

The Central Bank of Iran last week granted short-term loans worth 33.1 trillion rials ($130 million) to banks in need of liquidity in the interbank market. According to a CBI press statement, the regulator received 15 loan requests worth 61.5 trillion rials but agreed to pay 33.1 trillion rials...

Currency, Gold Relatively Calm

Foreign exchange and gold prices posted meager changes Monday amid nationwide restrictions on non-essential businesses to control spread of the Covid-19 plague.
The dollar was up 0.77% to 258,000 rials in Tehran’s free market. The euro was almost fl…

Foreign exchange and gold prices posted meager changes Monday amid nationwide restrictions on non-essential businesses to control spread of the Covid-19 plague. The dollar was up 0.77% to 258,000 rials in Tehran’s free market. The euro was almost flat during the day at 303,590 rials while the UK...

Lockdown Closes Gold Market for 2 Weeks

Iran’s gold market will be closed for two weeks starting today (Nov.21) in line with tougher lockdown measures announced by the government, head of Tehran Gold and Jewelry Union said.  
“The bullion market and businesses operating under TGJU auspice…

Iran’s gold market will be closed for two weeks starting today (Nov.21) in line with tougher lockdown measures announced by the government, head of Tehran Gold and Jewelry Union said.   "The bullion market and businesses operating under TGJU auspices will be closed for 15 days," Ebrahim...

Higher Bank Fees Come Into Effect

As per a bylaw sent to banks and credit institutions new fees come into effect today (Nov. 21).  
Banks, including state and private plus credit institutions are obliged to abide by the new rules, according to a notice published on the IBENA website…

As per a bylaw sent to banks and credit institutions new fees come into effect today (Nov. 21).   Banks, including state and private plus credit institutions are obliged to abide by the new rules, according to a notice published on the IBENA website, affiliated to Monetary and Banking Research...

India Bank May Reconsider Plan to Cut Ties With Iran

UCO Bank of India may reconsider cutting ties with Iranian banks following the victory of Joe Biden in the US presidential elections and an anticipated change in Washington’s Iran policy, Parham Rezaei, the deputy chief of Iran-India Chamber of Comme…

UCO Bank of India may reconsider cutting ties with Iranian banks following the victory of Joe Biden in the US presidential elections and an anticipated change in Washington’s Iran policy, Parham Rezaei, the deputy chief of Iran-India Chamber of Commerce said.  "The Indian bank had decided to...

UCO Bank Denies Cutting Iran Ties

India’s state-owned UCO Bank has denied plans to halt processing Iranian transactions.

“UCO Bank is committed to bilateral settlement of permissible transactions between Iran and India,” Sabeer Nazeem, the bank’s chief representative in Tehran told…

India's state-owned UCO Bank has denied plans to halt processing Iranian transactions. "UCO Bank is committed to bilateral settlement of permissible transactions between Iran and India," Sabeer Nazeem, the bank's chief representative in Tehran told the Financial Tribune on Tuesday. The...

New Banknote With 4 Light-Color Zeroes

The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI’s plan to remove four zeros from the national currency.
According to the state-owned news agency, IRNA, the new banknote has bee…

The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI's plan to remove four zeros from the national currency. According to the state-owned news agency, IRNA, the new banknote has been printed in new dimensions and with improved...

IMIDRO Reviews Upstream Steel Output During March 20-Oct. 21

The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first seven months of the current fiscal year (March 20-Oct. 21), latest data released by the Iranian Mines and Mining …

The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first seven months of the current fiscal year (March 20-Oct. 21), latest data released by the Iranian Mines and Mining Industries Development and Renovation...