Iran

Iran plans move towards euro from dollar

A spokesman for the Iranian government said Monday 18 December that the Central Bank of Iran will convert the state's foreign dollar holdings into euros and use the euro for foreign transactions.

Iran will not use dollar in trade

Iran plans to carry out transactions in currencies other than the dollar in retaliation for US anti-Iran banking policies, IRNA reported Tuesday 14 November.

ECB's Weber not worried on Iran reserves threat

A threat by the Central Bank of Iran to move its foreign exchange reserves out of dollars into other currencies, notably the euro, should not necessarily be a cause for concern, European Central Bank Governing Council member and Bundesbank President Axel…

Interview with Central Bank of Iran's Mojarad

In an interview with Dow Jones published Saturday 9 September, the Central Bank of Iran's vice governor Mohammad Jafar Mojarad said it will be difficult for the west to impose sanctions on Iran given its key role as a major oil exporter.

ACU calls for new members

The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.

ACU to discuss payment systems efficiency

Members of the Asian Clearing Union (ACU) will meet in Dhaka this week to discuss ways to make their payment systems easier to use to boost trade, a Bangladesh central bank official told Reuters.

Iran denies Swiss paper's claim of gold withdrawal

An informed source at the Central Bank of Iran was quoted by IRNA on Friday 31 March as denying a story published in a Swiss daily on the withdrawal of 250 tons of Iran's gold reserves from that country's Credit Bank.

Iran confirms reserves transfer

The head of the Central Bank of Iran has indicated that Tehran has already started shifting its foreign hard currency reserves amid the threat of sanctions, Iranian media reported on Friday 20 January .

Iran's central bank governor pledges reforms

The inflation rate in Iran will drop to a one digit figure by end of the fourth five-year economic development plan (2005-10), said governor of the Central Bank of Iran Ebrahim Sheibani here on Tuesday 30 August.

Iran and Bahrain link ATM systems

The Iranian ATM system has been connected to that of Bahrain, allowing the customers of Bahraini banks to use the ATM machines in Iran and vice versa.

Iran: New call for central bank independence

Iran's deputy minister of economic affairs and finance said the proposed scheme to transform the Central Bank of Iran (CBI) into an independent entity would help improve the management system of the key Foreign Exchange Reserve Fund.

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