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.
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.
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.”
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.
Iran economic & banking delegation in France
Seyed Abbas Araghchi, political deputy at the Ministry of Foreign Affairs of Iran, is leaving for Paris today with a high level delegation of economic and banking officials to take part in the 2nd Euromoney Conference and conduct political and economic talks with French officials.
Negotiating Iranian bank branches in Switzerland
At a meeting with the Swiss Ambassador in Tehran, the CBI Chief requested the cooperation of the Swiss National Bank (SNB) and their Supervisory Authority to speed up the process of issuing licenses for Iranian banks to open branches in Switzerland.