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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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The dollar will be eliminated from Iran-China trade

The dollar will be eliminated from Iran-China trade

The CEO of the Central Bank of Iran (CBI) has announced new trade arrangements for Iran and China trade. Valiollah Seif stated that the dollar will be eliminated from a major part of their economic transactions and replaced with the currencies of both countries.  

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Zarif response to sanction of CBI Chief

Zarif response to sanction of CBI Chief

Javad Zarif has commented on the sanctioning of the Central Bank of Iran Chief, Valiollah Seif by the US, saying: “This is yet another illegal move by the US, like all its other moves.”  

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Banks to exchange currency for tourists

Banks to exchange currency for tourists

The Central Bank of Iran (CBI) has issued a memo allowing all banks and credit institutions to buy currency from foreign tourists, foreign lorry drivers in transit, foreign investors, diplomats residing in Iran, and representative offices of foreign banks, with written requests at prices announced daily by the CBI. They can sell the currency within the forex market regulations in Iran.

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Euro to become the official foreign currency used in Iran

Euro to become the official foreign currency used in Iran

Currency fluctuations over the past months in Iran, especially in recent days, has prompted the government to make new policies in order to control the forex market here. It has taken immediate action by setting a single price of tomans 4200 for the US dollar; but, reports indicate exchange offices are refusing to sell the dollar at this price and all exchanges have come to a halt.  

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US dollar order registrations banned in Iran

US dollar order registrations banned in Iran

The Central Bank of Iran (CBI) announced today, 28 February 2018, that orders will no longer be registered using the US dollar. However, this is not an ex post facto law for those orders that have received their 8-digit registration licenses prior to the above-mentioned date.  

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