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Third stage of IRENEX oil sale details

Third stage of IRENEX oil sale details

The third stage of Iranian crude oil sales on IRENEX will begin on 21 January with the supply of one million barrels of light crude oil in batches of 35 thousand barrels at USD 52.42 pb.

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Iran says America is failing to respond

Iran says America is failing to respond

On the second day of the ICJ tribunal at The Hague in Tehran’s lawsuit against Washington for abrogating the 1955 Treat of Amity with the illegal freeze of USD 2BN of Iranian CBI assets, Iran’s lawyers have claimed the US is accusing Iran of funding terrorism in order to avoid responding to charges against it.

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Non-dollar trade discussed in Tehran

Non-dollar trade discussed in Tehran

Iranian Central Bank Governor Abdolnaser Hemmati has discussed a possible replacement of the US dollar by national currencies in trade transactions with Turkish and Russian representatives at the recent trilateral summit of the Syrian ceasefire guarantor states, local media reported.

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EU idea for 'independent SWIFT' for Iran deal

EU idea for 'independent SWIFT' for Iran deal

The European Union views German Foreign Minister Heiko Maas’ idea of creating a European equivalent of the SWIFT payment system as a contribution to the efforts to preserve the Iran nuclear deal following the United States' withdrawal, an EU source told Sputnik on Wednesday.

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Cabinet reshuffle in Iran

Cabinet reshuffle in Iran

Hassan Rouhani has begun the changes in the composition of his cabinet with its economic members. After widespread criticism from the various political currents in Iran, Hassan Rouhani finally decided to reshuffle the cabinet.  

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Will Iran's economy settle down?

Will Iran's economy settle down?

Al-Monitor writes that turbulent developments in the past few months on the foreign exchange and gold markets in Iran and the government’s failure to manage runaway prices has compelled some economists to start using the term “bubble economy.”

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Iran calls for joint Iranian-Syrian bank

Iran calls for joint Iranian-Syrian bank

At a meeting with Syria’s Minister of Economy and Foreign Trade, Iran’s Central Bank (CBI) CEO welcomed the expansion of baking relations between the two countries and proposed a joint Iranian-Syrian bank.  

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