Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said on Monday that the US administration appears to have issued directive to exempt parts of Iran’s currency resources and transactions to ease supply and import of basic products and pharmaceutical drugs.
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that the decision to be taken by the Financial Action Task Force (FATF) on Iran's case in its February assembly meeting will not leave an impact on the country's foreign currency market.
A new report shows that Iran’s export of various metals and mining products to China have significantly increased this year amid government efforts to broaden its access to new sources of hard currency at a time of increased American pressure on the oil industry.
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati, in an Instagram post on Monday, said that the value of his country’s national currency had improved by 21 percent, adding that Tehran has succeeded in overcoming US sanctions.
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said US attempts to bring the country's economy down, have failed as the value of the national Iranian currency has bounced back by 40 percent.
Petrochemicals have become Iran's biggest driver of foreign currency income from exports ever since US sanctions limited the OPEC member's crude sales, Oil Minister Bijan Namdar Zanganeh said on Sunday.
The Supreme Council of Economic Coordination decided to extend the authority of the Central Bank of Iran (CBI) for managing the exchange market for the purpose of stability in the foreign currency market.
Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies, in a bid to evade US sanctions against Tehran, Secretary of the Joint Iran-Turkey Economic Commission Bahman Hosseinpour said.
The South Korean won is expected to further advance against the US dollar for some time on what analysts called long-awaited but unanticipated positive developments that helped remove some uncertainties facing Asia's fourth-largest economy.
Iran’s chief banker said the country would stick to its current plans for currency regulation regardless of a European proposal for setting up a credit facility that could help revive a nuclear deal between Tehran and world powers.