AP Irans currency on Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by 30% since June amid severe U.S. sanctions imposed on Tehran. Money exchange shops traded the Iranian rial 262,000 for a dollar. The rial had traded at 256,000 to $1 on Thursday, and markets were closed Friday, the start of the weekend ...

Tasnim The Governor of the Central Bank of Iran highlighted his CBIs extensive plans to deal with the illegal and unilateral US sanctions, stressing that desperate attempts to increase sanctions will not deter Irans plans for maintaining market stability. In a statement released on Friday, Abdolnasser Hemmati said the relentless efforts of the ...

Financial Tribune - Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of injecting foreign currency into the market to control forex rates. "Pumping forex into the market was the only tool for controlling foreign exchange rates in the past decades. But now we have taken a more thoughtful approach towards ...

Press TV - The governor of the Central Bank of Iran (CBI) says robust and sound monetary policies adopted by the bank helped the country come back from the harshest of shocks that an economy could face in one single fiscal year. Abdolnasser Hemmati said on Thursday that Iran, already grappling with the worst of economic problems caused by the US ...

Press TV - Iran and Oman will take steps to facilitate financial exchanges between the two countries amid plans to increase the value of bilateral trade by aroundfive times. The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Saturday that easing restrictions on financial transactions with Oman would encourage businesses in ...

Tasnim Governor of the Central Bank of Iran said efforts to supply foreign currency resources are in progress irrespective of a French proposal for the launch of a $15 billion credit line for oil purchases from Iran. Speaking to Tasnim on Wednesday, Abdonnaser Hemmati said the proposal put forward by France to establish a $15 billion credit line ...

Radio Farda - The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati says the value of the Iranian currency rial has been strengthened by 40 percent during recent months. Hemmatis claim comes on the backdrop of a sharp devaluation of Irans rial last year and its partial recovery in recent months. He was probably referring to last year ...

Press TV - Irans chief banker has said that imports of basic goods and foodstuff to the country have surged by more than two thirds as authorities seek to increase inventories to cope with the impacts of US sanctions. Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Thursday that imports registered at Irans ports since the ...

MNA The Governor of the Central Bank of Iran (CBI) said on Wednesday that official inauguration of integrated forex market is postponed since some of the Iranian banks and foreign exchange shops have not been able to install the required software by the set deadline. Abdolnasser Hemmati, on the sidelines of Cabinet meeting, also addressed the governments ...

Financial Tribune - Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes. The initiative doesnt incur additional costs as the government annually destroys and prints 700 million pieces of banknotes, the parliamentary news website,...

MNA The Central Bank of Iran is planning to launch the Integrated Forex Deals System (Persian acronym for Nima) by mid-August. In a meeting held between CBI Governor Abdolnasser Hemmati and the head of the integrated forex market, Mahmoud Shekasteband, on Saturday, the top officials reviewed the latest developments regarding the implementation ...

Financial Tribune - The governor of the Central Bank of Iran says the European Unions newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed by importing oil from Iran to ensure its sustainable operation. In an Instagram post on Sunday, Abdolnasser Hemmati added that if Europeans currently ...

MNA I do believe that INSTEX will not work miracles; monetary transactions should be done via it and for that Europeans should purchase our oil or open credit lines for Iran, the Governor of the Central Bank of Iran (CBI) Abdolanser Hemmati said in a televised interview last night. Europeans should buy oil from us as did Italy and Greece in the ...

Tasnim Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the ineffectiveness of US attempts to cut the Islamic Republics oil exports to zero and said the country has found paths to receive its oil revenues. Last year, the US and its allies had plotted to bring Iran to its knees but all their attempts were in vain, Hemmati ...

MNA In a meeting with the Ambassador of South Korea to Tehran Ryu Jeong-hyun, the Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati criticized Korean banks for blocking the access of Iran to its assets under US sanctions. The source of these assets is crystal clear and there is no reason for Korean banks to stop Iran from using its ...

MNA Governor of the Central Bank of Iran criticized European countries for repeating threadbare remarks over their promised trade mechanism for Iran (INSTEX) and their failure to make it operational. In a Monday Instagram post in Persian, Abdolnasser Hemmati referred to the history of establishing the Instrument in Support of Trade Exchanges (INSTEX) ...

Tasnim Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati put forward a number of suggestions to deal with any cut in the export of oil, although he described as illusory the US plot to drive Irans crude sales down to zero. In a post on his Instagram page on Wednesday, Hemmati highlighted the Central Bank of Irans successful handling ...

MNA The US move to brandish IRGC as a terrorist group will have no impact on stability in Iranian domestic markets, Governor of the Central Bank of Iran (CBI) announced. The act is the last sign of the US political failure in putting pressure on Iranian nation and imposing monetary and financial sanctions against them, Hemmati said. The administration ...

IRNA Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran. Registration of the system in no way means Irans waiting for operationalization of the European mechanism and we will continue our strategy ...

IRNA Governor of Central Bank of Iran (CBI) sat down for talks with Iraqi Finance Minister Fouad Hussein in Baghdad late on Wednesday. During the meeting attended by Irans Ambassador to Iraq Iraj Masjedi, they discussed latest state of cooperation and economic ties between the two countries. They also explored avenues for easing trade and monetary ...