ماه: می 2019

Currency rates continued to descend in markets across the country on Wednesday as businesses took some relief from weeks of political bickering in the region. 
The USD fetched 136,000 rials, down 2, 000 rials compared to Tuesday’s close. The euro al…

Clunkers that have outlived their usefulness, but are still operating as private, public or commercial vehicles have been banned from plying in major Iranian cities.
Vali Maleki, a member of Majlis Industries and Mines Commission, said old vehicles …

In the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in Nima also soared.
Nima is a secondary market developed…

European powers are facing huge pressure from the United States to drop its proposed trade channel with Iran and it will also not succumb to ultimatums from Tehran, French Finance Minister Bruno Le Maire said on Tuesday, Reuters reported.
Britain, F…

Iran approved $914.45 million worth of foreign investments during the period from March 2018, to February 2019, which shows a 67.4% decline compared to the $2.8 billion a year ago.  
The foreign funds were invested in 65 plus industrial, mining, and…

National Iranian Oil Company found no buyers at its 10th round of crude oil offer on the Iran Energy Exchange, despite the Oil Ministry’s efforts to improve the purchasing terms, IRENEX data shows. 
NIOC offered two million barrels of light crude oi…

According to a notice by Central Bank of Iran, the previous deadline for selling shares of five merged banks and credit institutions has been extended for 15 working days ending on June 13. 
The CBI in March announced a plan to merge Ansar Bank, Ban…

The Central Bank of Afghanistan has annulled the operating license of the only Iranian bank which was active in that country.
Arian Bank started its operations under a joint venture between Bank Melli of Afghanistan Iran’s Sedarat Bank in 2004.
How…

Lloyd’s of London insurance market has widened its list of areas in and around the Persian Gulf posing “enhanced risk for marine insurers” after attacks on ships off the UAE.
Lloyd’s said that the Persian Gulf, part of the Gulf of Oman, Oman and the…

The Money and Credit Council – a top financial decision-making body affiliated to the Central Bank of Iran – approved a decision Wednesday to raise the ceiling of loans allocated for renovating rural residential units and interest-free loans for job …

An update on licensed currency exchange shops shows their number has increased from 419 in the 2017-18 fiscal to 692 in the current year that started on March 21. 
According to IBENA, there are 346 exchange shops in Tehran alone, most of them in Fer…