Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Virtual currencies are slowly but steadily gaining traction across the world, as many are lured by their decentralized and somewhat exotic qualities once they get past the initial opaqueness. Iran is no different, bar the fact that progress has proved more languid as a result of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Money and Credit Council, a top financial decision-making body with the Central Bank of Iran, has approved rules to manage liquidity risk in banks and credit institutions. As liquidity risk is one of the most common challenges facing financial institutions, the central bank had earlier devised […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     China is calling on the United States to preserve the Iran nuclear deal reached in 2015, after US President Donald Trump threatened to tear up the agreement. In a speech on Friday, Trump refused to certify the Joint Comprehensive Plan of Action, accusing Tehran of committing […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iranian Minister of Economic Affairs and Finance Masoud Karbasian discussed issues of mutual interest with his counterparts from Brazil, Indonesia and Algeria on Monday. On the last leg of his trip to Washington DC, Karbasian, met his counterparts on the sidelines of the annual meetings of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Ministry of Industries, Mining and Trade is planning to gradually introduce a mandatory standards protocol for all Iranian products. Industries Minister Mohammad Shariatmadari made the announcement in a ceremony to mark the World Standards Day in Iran on Tuesday. First Vice President Es’haq Jahangiri and […]

The EU could use the “blocking regulation”, applied in the 1990s as a counter to US sanctions, which would bar European firms from complying with unilateral, extra-territorial American measures, and allow the “claw-back” of fines imposed by US regulators The EU could go further, taking its case to the World Trade Organization or retaliating against […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Central Bank of Iran has signed an agreement with the Export Insurance Agency of Russia that will pave the way for Russian banks to allocate finance to their Iranian counterparts. The finance agreement was signed by Ahmad Araqchi, the bank’s deputy for foreign exchange affairs, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Securities and Exchange Organization is scheduled to hold an international event dubbed “Iran Capital Market: Higher Diversity, Higher Return” on Kish Island on October 31, Yasser Fallah, an advisor to SEO chief, has announced. The event is expected to be attended by 45 senior economic, […]

Karbasian is in Washington as part of a high-ranking delegation, which also includes the Central Bank of Iran Governor Valiollah Seif, to participate in the annual WB/IMF meetings running through Oct. 13-15 Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Minister of Economic Affairs and Finance Masoud Karbasian has separately met his counterparts from […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Pressure from US President Donald Trump to withhold International Monetary Fund and World Bank resources from Iran will not sway the international organization to shift policy regarding allocation of funds to Iran, IMF’s managing director said. “We see no reason to change anything in the guidelines […]