Centeral Bank of Iran Warns Crypto Investors, Again

The Central Bank of Iran on Thursday warned against rampant trade in cryptocurrencies following the deep recession in parallel asset markets.
In a notice published on its website, it strongly recommended the people to avoid trade in digital currency…

The Central Bank of Iran on Thursday warned against rampant trade in cryptocurrencies following the deep recession in parallel asset markets. In a notice published on its website, it strongly recommended the people to avoid trade in digital currency, warning once again that such trade is prone...

Iran's CB Warns Crypto Investors, Again

The Central Bank of Iran on Thursday warned against rampant trade in cryptocurrencies following the deep recession in parallel asset markets.
In a notice published on its website, it strongly recommended the people to avoid trade in digital currency…

The Central Bank of Iran on Thursday warned against rampant trade in cryptocurrencies following the deep recession in parallel asset markets. In a notice published on its website, it strongly recommended the people to avoid trade in digital currency, warning once again that such trade is prone...

Iran: Currency, Gold Looking at Big Drops, More to Come

Major foreign currencies are fast losing value in Tehran amid reported panic selling with the market regulator implying that further decline is on the way.
Extending a long losing streak the dollar opened Wednesday 3.8% lower to hover around 210,000…

Major foreign currencies are fast losing value in Tehran amid reported panic selling with the market regulator implying that further decline is on the way. Extending a long losing streak the dollar opened Wednesday 3.8% lower to hover around 210,000 rials before losing the critical level as...

Iran Economy Ministry Solicits Innovative AML Solutions

The Economy Ministry’s Financial Intelligence Unit has invited innovators and knowledge-based companies active in anti-money laundering compliance services to help the office develop smart platforms.
Those who have developed applications, or have in…

The Economy Ministry's Financial Intelligence Unit has invited innovators and knowledge-based companies active in anti-money laundering compliance services to help the office develop smart platforms. Those who have developed applications, or have innovative ideas that can help the body in data...

Iran's CB: Decline in Forex Rates Linked to ‘Positive Expectations’

The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent days.
In a press release published on the Central Bank of Iran website, …

The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent days. In a press release published on the Central Bank of Iran website, Abdolnasser Hemmati, the CBI boss, rejected...

Banks Told to Block Transactions of Flawed IDs

The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers.
The measure is in line with CBI plans to enhance transparency in the banki…

The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers. The measure is in line with CBI plans to enhance transparency in the banking industry and implement stringent anti-money...

Hassan Rouhani: Bourse Should Be Apolitical

President Hassan Rouhani on Sunday warned that reckless statements by politicians will hurt the stock market. 
Speaking at the Government Economic Coordination Headquarters, Rouhani said, “The stock market is very sensitive and disparaging comments …

President Hassan Rouhani on Sunday warned that reckless statements by politicians will hurt the stock market.  Speaking at the Government Economic Coordination Headquarters, Rouhani said, “The stock market is very sensitive and disparaging comments can undermine it,” president.ir reported.  He...

Rial Makes Some Gains

Foreign exchange rates were down Thursday with the dollar retreating to below 240,000 rials in Tehran’s free market. 
One greenback fetched 238,400 rials losing 2,000 rials or 0.84%.  the euro lost more than 2,690 rials to reach 286,840 rials, down …

Foreign exchange rates were down Thursday with the dollar retreating to below 240,000 rials in Tehran's free market.  One greenback fetched 238,400 rials losing 2,000 rials or 0.84%.  the euro lost more than 2,690 rials to reach 286,840 rials, down 0.94%, and the UK pound sterling was worth 331,...

Iranian Banks Allowed to Issue Business Debit Cards

The Central Bank of Iran said banks and credit institutions can issue debit cards for companies and legal entities.
A business debit card is the same as the consumer debit card. Cardholders can withdraw cash from their business account, use it for o…

The Central Bank of Iran said banks and credit institutions can issue debit cards for companies and legal entities. A business debit card is the same as the consumer debit card. Cardholders can withdraw cash from their business account, use it for other transactions through ATMs and payment...

Iran Uses Currency Blocked in South Korea to Buy Vaccine

Iran has used a part of its forex assets blocked in South Korea to pay for the Covid-19 vaccine, head of the Iran-South Korea Joint Chamber of Commerce said. 
“Iran has used $30 million of its blocked assets in South Korea to pay for vaccines and ot…

Iran has used a part of its forex assets blocked in South Korea to pay for the Covid-19 vaccine, head of the Iran-South Korea Joint Chamber of Commerce said.  "Iran has used $30 million of its blocked assets in South Korea to pay for vaccines and other medical needs," Hussein Tanhaee told the...