Iran and Russia Sign Deal to Link Banks

The central banks of Iran and Russia Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.

Per the deal, 52 branches of Iranian banks and four unnamed for…

The central banks of Iran and Russia Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions. Per the deal, 52 branches of Iranian banks and four unnamed foreign banks will use Iran's local interbank...

Iran's 2 Main Football Clubs to Float Controlling Stakes

Iran Privatization Organization has released new information about the block sale of controlling shares in Tehran’s two main football clubs, Esteghlal and Persepolis. 
According to a press release from the IPO, 51% shares of the two clubs will be of…

Iran Privatization Organization has released new information about the block sale of controlling shares in Tehran's two main football clubs, Esteghlal and Persepolis.  According to a press release from the IPO, 51% shares of the two clubs will be offered in the bourse. Per the plan, Persepolis...

TEDPIX Logs 2.24% Weekly Growth

Tehran’s share market wrapped up the week on Wednesday up almost 2.24%. 
Tehran Stock Exchange main index, TEDPIX, gained nearly 37,000 points or 2.24% in the week to end at 1,689,144.1. Trading at TSE starts on Saturday and ends Wednesday.
The TSE…

Tehran’s share market wrapped up the week on Wednesday up almost 2.24%.  Tehran Stock Exchange main index, TEDPIX, gained nearly 37,000 points or 2.24% in the week to end at 1,689,144.1. Trading at TSE starts on Saturday and ends Wednesday. The TSE’s equal-weighted index was up 22,000 points or...

TEDPIX Logs 10% Weekly Growth

Tehran’s share market wrapped up the week on Wednesday up almost 10%. 
Tehran Stock Exchange main index, TEDPIX, lost nearly 151,000 points or 10.09% in the week to end at 1,647,314.5. Trading at TSE starts on Saturday and ends Wednesday.
The TSE’s…

Tehran’s share market wrapped up the week on Wednesday up almost 10%.  Tehran Stock Exchange main index, TEDPIX, lost nearly 151,000 points or 10.09% in the week to end at 1,647,314.5. Trading at TSE starts on Saturday and ends Wednesday. The TSE’s equal-weighted index was up 35,000 points or 7...

CBI Has a New Boss as Rial Falls to Record Low

Reza Farzin, director of Bank Melli Iran, was appointed Thursday as governor of the Central Bank of Iran. He replaces Ali Salehabadi who as the helm for over a year during which the national currency plunged to record lows. 
Farzin is a former head …

Reza Farzin, director of Bank Melli Iran, was appointed Thursday as governor of the Central Bank of Iran. He replaces Ali Salehabadi who as the helm for over a year during which the national currency plunged to record lows.  Farzin is a former head of the National Development Fund of Iran and is...

Seized Cryptomining Equipment Released

The Organization for Collection and Sale of State-Owned Property says it has returned a part of seized cryptomining equipment to their owners after it was obliged to do so by the courts. 
“Currently some 150,000 cryptomining equipment are held by th…

The Organization for Collection and Sale of State-Owned Property says it has returned a part of seized cryptomining equipment to their owners after it was obliged to do so by the courts.  "Currently some 150,000 cryptomining equipment are held by the OCSSOP, a large part of which will be...

TEDPIX Up 1.66%

Tehran Stock Exchange’s main index, TEDPIX, gained 25,564.68 points or 1.66% on Sunday to end at 1,563,567.43. The TSE equal-weighted index gained 1.42%.
About 13.53 billion shares worth 79.1 trillion rials ($267.8 million) changed hands for the day…

Tehran Stock Exchange's main index, TEDPIX, gained 25,564.68 points or 1.66% on Sunday to end at 1,563,567.43. The TSE equal-weighted index gained 1.42%. About 13.53 billion shares worth 79.1 trillion rials ($267.8 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara...

Higher Local Currency Cap for Overseas Travel

The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around $115).
Prior to this both locals and foreigners could …

The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around $115). Prior to this both locals and foreigners could only carry 5 million rials (around $11) when...

Iran’s Foreign Debt Near $۱۰b in 2021: WB Report

The latest International Debt Report by the World Bank Group shows Iran’s foreign debt was $10.349 billion by the end of 2021.
This was noticeably higher compared to the year before when the debt was $5.433 billion.
Iran’s long-term foreign debt re…

The latest International Debt Report by the World Bank Group shows Iran's foreign debt was $10.349 billion by the end of 2021. This was noticeably higher compared to the year before when the debt was $5.433 billion. Iran’s long-term foreign debt reached $1.06 billion at the end of last year,...

World Bank Reports on Iran's External Debt

The latest International Debt Report by the World Bank Group shows Iran’s foreign debt was $10.349 billion by the end of 2021.
This was noticeably higher compared to the year before when the debt was $5.433 billion.
Iran’s long-term foreign debt re…

The latest International Debt Report by the World Bank Group shows Iran's foreign debt was $10.349 billion by the end of 2021. This was noticeably higher compared to the year before when the debt was $5.433 billion. Iran’s long-term foreign debt reached $1.06 billion at the end of last year,...