Iran

Iran: Single exchange rate policy to continue

The governor of the Central Bank of Iran Mohsen Nurbakhsh has announced that the single exchange rate policy will continue in the next Iranian year which begins on 21 March. In another move it was reported that certain political groups want Nurbakhsh…

Iran sees large inflow of gold and capital

IRAN - Iran has experienced a net inflow of capital and gold bullion for the first time since the 1979 Islamic revolution. It has been drawn by domestic investment opportunities and driven by financial insecurity outside the country following the…

Iran's economy minister threatens to resign

IRAN - Iran's Minister of Economy and Financial Affairs Tahmasb Mazaheri has threatened that he would resign if the Governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh is not removed from office, press reported Wednesday.

Iran's central bank head speaks of investment need

IRAN - The governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh said on Saturday that given the successful and good performance of the industrial and mining sectors in the last two years, more investment should be made in the said sectors.

Iran to offer euro-denominated bonds

IRAN - For the first time since the 1979 Islamic revolution, Iran has signed a deal with two foreign banks to market Iranian revenue bonds on the international market.

Who is the next head of the central bank of Iran?

IRAN - Over the past year and at the outset of the appointment of the new cabinet, private and official talks focused on a change of leadership at the Central Bank of Iran (CBI). Different proposals have been suggested and private speculation has been…

Central bank head in Iran faces corruption trial

IRAN - Iran's judiciary revealed on Tuesday that it intended to go ahead with the trials of the oil minister, the governor of the central bank and other senior politicians as part of an anti-corruption drive launched by the supreme leader, Ayatollah Ali…

Private Iran bank gains licence

IRAN - Iran's first private bank since the 1979 Islamic revolution has received a licence to begin operations as part of a wider package of economic reforms intended to restructure the state-controlled banking sector.

Iran's central bank governor returned to office

IRAN - Iranian President Mohammad Khatami is scheduled to announce his second cabinet next week. Unofficial reports say that Khatami's next cabinet would not have serious changes in its political makeup, despite the change in characters.

Islamic banking needs standardisation - Iran gov

Dr Mohsen Nourbakhsh, Iran's Central Bank (CBI) Governor, said that Islamic banking has a lot of work to do in raising its international banking standards. "We have to strengthen the different interpretations of Shariah Law in order to harmonize the…

Oil, gas exports up 62.8% in Iran - bank governor

Iran has gained some 18.575 billion U.S. dollars from exports of oil, oil derivatives and gas in the first nine months of the current Iranian year, up 62.8 percent compared with the same period last year, the Islamic Republic News Agency (IRNA) reported…

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