US Treasury lifts sanctions imposed on Iran’s Central Bank, oil trade
The US Department of the Treasury released a set of documents, which define the sanctions lifted from Iran, including the restrictions imposed on Central Bank of Iran and National Iranian Oil Company (NIOC). The move was made because of the Joint Comprehensive Plan of Action (JCPOA) implementation which has officially…
1,000 LCs opened on 1st day of lifting sanctions: ICCIM
Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour said on Sunday that 1,000 LCs were opened on the first day of implementation of the Joint Comprehensive Plan of Action. Jalalpour told reporters on the sidelines of the meeting of the group of representatives of Iranian Chamber…
Iran’s accounts in foreign banks to reopen on Monday
Deputy governor of the Central Bank of Iran said that Iran’s blocked accounts in foreign banks will be reopened as of Monday, paving the path for transferring country’s monetary assets to Iran. Gholamali Kamyab who was speaking in a press conference said in response to IRNA reporter’s question on the…
Seif: 10-15 pc decline in cost of exchanges is JCPOA implementation’s result
Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Monday that 10 to 15 percent fall in the cost of exchanges is the most immediate result of implementation of the Joint Comprehensive Plan of Action (JCPOA). Talking to reporters, Seif said the fall in the expenditures will…
World’s biggest bank requests to set up branches in Iran
A top banking official in Tehran said on Thursday that the Industrial and Commercial Bank of China (ICBC) – the world’s largest bank by total assets – has request to open branches in Iran. Hossein Yaqoubi Miab, the director for the international affairs of the Central Bank of Iran (CBI),…
Slovak deputy PM in banking talks
Expanding banking ties with Slovakia can help facilitate economic and trade relations between the two countries, Valiollah Seif, governor of the Central Bank of Iran said Wednesday. In a meeting with Slovakia’s Deputy Prime Minister Peter Kažimír, Seif proposed the establishment of a joint committee to help pave the way…
S Korea KEXIM bank eyes 5b euro financing deal with Iran
The state-run Export-Import Bank of Korea (KEXIM) said on Tuesday it plans to sign an agreement with Central Bank of Iran on providing up to about 5 billion euros in financing for South Korean companies doing business there. The specialist trade financing bank said in a statement it plans to…
