CBI Governor Valiollah Seif also addressed the event and began by outlining monetary policy achievements, including lower inflation, reduced interest rates and forex stability Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran’s economy is bedeviled by a series of major issues arising from decades of mismanagement that has made the banking system bear […]

MSC sold 6.3 million tons of steel products worth over 140 trillion rials ($3.1 billion) from March 21 to Feb. 19, indicating a 10.47% and 54.97% growth in tonnage and value respectively compared with last year’s similar period MSC produced a total of 6.26 million tons of steel products during the 11-month period under review […]

A strong euro curbs inflation in imported products, mainly energy and food, generating a significant wealth effect Reported by HPMM Group according to FINANCIAL TRIBUNE ;    In recent weeks, the euro has been at its highest level, relative to the US dollar, that has been seen in the last three years. This is a movement […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Following the Financial Action Task Force’s latest decision, Iran’s Ministry of Economic Affairs and Finance issued a statement declaring that while it expected better results, the country will continue to take action to improve the situation. On Friday, the intergovernmental organization in charge of setting global […]

One of the negative consequences of a traditional business mechanism is the creation of potential corruption areas wherein many trading companies would lobby to avoid operational risk Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Talking about statistics, almost all economists promptly think of advanced econometric analysis and prediction of nonlinear relations in an […]

The UAE acted as Iran’s unofficial backdoor over the years Iran was under international sanctions because of its nuclear program, while distribution and supply chain channels are already carved out in these markets Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran is working to curb its trade ties with the UAE, replacing its […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Months after a meeting between Iran’s Leader Ayatollah Seyyed Ali Khamenei and Russian President Vladimir Putin in Tehran spurred officials and lawmakers to sideline the US dollar in Iran’s international deals, members of parliament seem to be at it again. Gholamali Jafarzadeh Imenabadi, a member of […]

The Financial Action Task Force has once again extended the suspension of active countermeasures against Iran in recognition of its efforts to remove its deficiencies concerning anti-money laundering and the combating of financing of terrorism regulations Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The Financial Action Task Force has recognized measures taken by Iran to […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The US effort to put Iran in a financial bind meant European banks were paying big fines and closing off its money flows amid severe sanctions on the country’s banking and energy sectors. But as US enforcement officials would soon discover, Iran had found a new […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking. Minister of Economic Affairs and Finance Masoud Karbasian and Central Bank of Iran’s Vice Governor Akbar Komijani have become the latest high-profile officials to […]