Iran to Pilot Nat’l Cryptocurrency

The governor of Central Bank of Iran said on Sunday the national cryptocurrency will enter the pilot stage in the near future, without providing further details.
Speaking to reporters on the sidelines of his first meeting with lawmakers, Ali Salehab…

The governor of Central Bank of Iran said on Sunday the national cryptocurrency will enter the pilot stage in the near future, without providing further details. Speaking to reporters on the sidelines of his first meeting with lawmakers, Ali Salehabadi added that central bankers are currently...

Turkish Opposition Leader Tells Erdogan to Respect Central Bank

The leader of Turkey’s main opposition Republican People’s Party (CHP) Kemal Kılıcdaroglu visited the central bank on Friday, after which he called on the president to respect the institution’s identity.

“Please let competent people decide whether …

The leader of Turkey’s main opposition Republican People’s Party (CHP) Kemal Kılıcdaroglu visited the central bank on Friday, after which he called on the president to respect the institution’s identity. “Please let competent people decide whether interest rates rise or fall,” Kılıcdaroglu said...

EU’s Mora in Tehran to Meet Deputy FM Ahead of Vienna Talks

Enrique Mora, the European Union senior envoy who coordinates negotiations on reviving the 2015 nuclear deal, is set to meet Iranian Deputy Foreign Minister Ali Baqeri in Tehran on Thursday ahead of the prospective resumption of the talks.
“The trip…

Enrique Mora, the European Union senior envoy who coordinates negotiations on reviving the 2015 nuclear deal, is set to meet Iranian Deputy Foreign Minister Ali Baqeri in Tehran on Thursday ahead of the prospective resumption of the talks. “The trip is in line with bilateral consultations about...

Illegal Cryptomining Could Impact Winter Power Supply

Iran Power Generation, Distribution and Transmission Company, Tavanir, has warned about the possibility of power cuts in winter, considering the persisting pressure on the national grid apparently caused by illegal cryptocurrency mining.
The rapidly…

Iran Power Generation, Distribution and Transmission Company, Tavanir, has warned about the possibility of power cuts in winter, considering the persisting pressure on the national grid apparently caused by illegal cryptocurrency mining. The rapidly increasing demand for electricity by...

Sanctions Undermine UN Development Goals

A senior Iranian diplomat said unilateral American sanctions on developing countries violate basic principles of human rights, stressing that such illegal restrictive measures amount to crime against humanity and contradict goals of development.
Ira…

A senior Iranian diplomat said unilateral American sanctions on developing countries violate basic principles of human rights, stressing that such illegal restrictive measures amount to crime against humanity and contradict goals of development. Iran’s UN Ambassador Majid Takht-Ravanchi made the...

Iran's CB Has a New Chief

Ali Salehabadi was appointed Wednesday as the new governor of Central Bank of Iran. He replaces Akbar Komijani.
Salehabadi, 43, is a former CEO of the Export Development Bank of Iran. He also was the first head of the Securities and Exchange Organiz…

Ali Salehabadi was appointed Wednesday as the new governor of Central Bank of Iran. He replaces Akbar Komijani. Salehabadi, 43, is a former CEO of the Export Development Bank of Iran. He also was the first head of the Securities and Exchange Organization, Iran’s stock market regulatory body. He...

CEO Resigns After Illegal Cryptomining Operations Uncovered at TSE Premises

The CEO of Tehran Stock Exchange Ali Sahraee submitted his resignation after unregistered cryptocurrency mining equipment was discovered in the TSE premises.  
Reports about illegal crypto mining units had been making the rounds and was soon confirm…

The CEO of Tehran Stock Exchange Ali Sahraee submitted his resignation after unregistered cryptocurrency mining equipment was discovered in the TSE premises.   Reports about illegal crypto mining units had been making the rounds and was soon confirmed by the Securities and Exchange Organization...

Rial Slips After 1-Month Resilience

After almost a month of relative stability, foreign exchange rates jumped Wednesday in Tehran’s open market.
The dollar crossed the psychological 280,000-rial level gaining 2% or 6,000 rials, closing at 282,000 rials. The last time the greenback was…

After almost a month of relative stability, foreign exchange rates jumped Wednesday in Tehran’s open market. The dollar crossed the psychological 280,000-rial level gaining 2% or 6,000 rials, closing at 282,000 rials. The last time the greenback was traded at this rate was on August 28.  Since...

Share Market Logs Worst Performance in 11 Months

Tehran stocks posted heavy losses in four out of five trading sessions last week, logging the worst weekly performance since November 2020.
The main gauge of Tehran Stock Exchange, TEDPIX, shed a total of 101,000 points last week and plunged 6.8% to…

Tehran stocks posted heavy losses in four out of five trading sessions last week, logging the worst weekly performance since November 2020. The main gauge of Tehran Stock Exchange, TEDPIX, shed a total of 101,000 points last week and plunged 6.8% to settle at 1,386,450 points. The TSE’s equal-...

Covid-19 Vaccine Imports Exceed 65 Million Doses

The volume of Covid-19 vaccines imported to Iran has exceeded 65 million doses, as the 56th vaccine shipment containing 5 million doses of Chinese Sinopharm arrived on Sept. 23, according to the technical deputy of the Islamic Republic of Iran Custom…

The volume of Covid-19 vaccines imported to Iran has exceeded 65 million doses, as the 56th vaccine shipment containing 5 million doses of Chinese Sinopharm arrived on Sept. 23, according to the technical deputy of the Islamic Republic of Iran Customs Administration. “Plans are to import 14...