Banking Cooperation

Iran, Russia discuss banking, financial cooperation

TEHRAN, Mar. 29 (MNA) – Iranian Ambassador to Russia Kazem Jalali met and held talks with Elvira Sakhipzadovna Nabiullina current head of the Central Bank of Russia.

Tehran, Moscow officially ditch dollar in mutual trade

TEHRAN, Jan. 01 (MNA) – Iran and Russia have officially abandoned the American Greenback for mutual settlements after the two countries finalized an agreement to trade in the ruble and the rial.

Iran, Russia to sign national currency deal in first quarter

TEHRAN, Dec. 29 (MNA) – Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024, Iranian Central Bank governor Mohammad Reza Farzin stated on Thursday.

Iran, Russia stress cooperation in banking-monetary sector

TEHRAN, Dec. 27 (MNA) – Moscow opened a Letter of Credit (L/C), valued at 6.5 billion rubles, for Iran to import basic commodities from Russia following a visit by the governor of the Central Bank of Iran (CBI) to Moscow.

1st Iranian bank to start operation in Syria soon: Farzin

TEHRAN, Nov. 28 (MNA) – The governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin met with his Syrian counterpart telling him that the first Iranian bank in the Arab country will be launched in the near future.

CBI chief says banking talks with S. Arabia underway

TEHRAN, Nov. 22 (MNA) – The governor of the Central Bank of Iran Mohammad Reza Farzin said that talks with Saudi banking officials are underway to expand bilateral economic relations.

Iran central bank dep. governor goes to S. Arabia for talks

TEHRAN, Nov. 14 (MNA) – A senior official of the Central Bank of Iran (CBI) has traveled to Saudi Arabia to hold talks on the expansion of banking ties between the two countries.

Iran, Qatar agree to use freed funds through SWIFT, LCs

TEHRAN, Oct. 13 (MNA) – The governors of the central banks of Iran and Qatar agreed to use $6 bllion freed Iranian funds through SWIFT and Letter of credit (LC).

Iran, Qatar discuss increasing banking relations

TEHRAN, Sep. 27 (MNA) – The governor of the Central Bank of Iran Mohammad Reza Farzin met with Qatar's Prime Minister to stress the potential to increase relations between the two countries in different trade, financial, and banking fields.

Iran, Egypt mull over expanding banking cooperation

TEHRAN, Sep. 25 (MNA) – Iran's Minister of Economic Affairs and Finance discussed the expansion of Tehran-Cairo banking ties with the Egyptian Minister of Finance. 

Russia’s largest bank launches new services in Iran

TEHRAN, Sep. 08 (MNA) – Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic Republic of Iran, the bank announced on Thursday.

Safari:

Iran already submitted request to join BRICS Bank

TEHRAN, Aug. 29 (MNA) – Iranian Deputy Minister of Foreign Affairs for Economic Diplomacy said that Iran has submitted its request to become a member of the BRICS Bank.

New Development Bank president to visit Iran in near future

TEHRAN, Aug. 26 (MNA) – President of the New Development Bank (NDB) Dilma Rousseff says that she will pay a visit to Tehran in the near future.

Iran speaker calls for stepped-up economic ties with Malaysia

TEHRAN, Aug. 22 (MNA) – The Iranian parliament speaker told the visiting Malaysian foreign minister that under oppressive sanctions, Iran seeks to expand bilateral economic and banking ties with other countries without using the US dollar.

Iran plans to launch offshore bank to facilitate investment

TEHRAN, Aug. 19 (MNA) – The Iranian economy minister said Saturday that preliminary steps were taken to establish an offshore bank as a way to attract foreign investment.

All Iranian money blocked in South Korea freed: CBI chief

TEHRAN, Aug. 12 (MNA) – Governor of the Central Bank of Iran (CBI) said Saturday that all Iranian money frozen in South Korea was released and will be transferred to accounts of Iranian banks in Qatar soon.

CBI chief stresses stepped-up banking ties with Sri Lanka

TEHRAN, Aug. 06 (MNA) – The Governor of the Central Bank of Iran (CBI) stressed Sunday that the development of monetary and banking relations between Iran and Sri Lanka is necessary for the expansion of bilateral economic relations.

Joint Iran-Syria bank, insurance company launched: minister

TEHRAN, Aug. 01 (MNA) – The Iranian economy minister said Tuesday that the joint Iran-Syria bank and insurance company have started working to boost economic and trade ties between the two nations.

Kharrazi:

US tries to undermine Iran-Iraq economic relations

TEHRAN, Jul. 31 (MNA) – Head of Iran's Foreign Policy Strategic Council Kamal Kharrazi said that the United States pressures aimed at hindering Iraqi economic ties with Iran only adds to the suffering of the Iraqi people.

EU considering compromise with Russia on SWIFT: report

TEHRAN, Jul. 03 (MNA) – The EU is considering a proposal to reconnect a sanctioned Russian bank to the SWIFT global financial network in a bid to rescue the Black Sea grain deal, the western media reported on Monday,

Iran top banker in Doha to step up monetary cooperation

TEHRAN, Jun. 14 (MNA) – The governor of the Central Bank of Iran Mohammad Reza Farzin arrived in Qatar on Wednesday to discuss ways to expand banking relations between the two neighbors.

Economic official:

Presence of two Iranian banks in Brazil nearly certain

TEHRAN, Jun. 06 (MNA) – The chairman of the Iran-Brazil Chamber of Commerce said that the first Iranian business delegation would travel to Brazil this year, adding that the presence of two Iranian banks in Brazil is almost a certainty.

Iran, Russia central banks stress using local currencies

TEHRAN, May 23 (MNA) – The governors of the Central Bank of the Islamic Republic of Iran and the Russian Federation emphasized strengthening trade exchanges and using the local currencies in bilateral trade.

2 Iranian banks could open office in Russia

TEHRAN, May 20 (MNA) – Commercial banks are planning to open offices and branches in Russia, a deputy governor of the Central Bank of Iran says.

Russia’s 2nd-largest bank opens representative office in Iran

TEHRAN, May 17 (MNA) – VTB, Russia's second-largest bank, has opened its representative office in Iran, said the head of the Trade Promotion Organization of Iran (TPOI).

Iran, Russia FMs discuss financial ties, north-south corridor

TEHRAN, May 10 (MNA) – Financial and banking cooperation and the North-South Corridor were the main topics that Hossein Amir-Abdollahian and Sergey Lavrov focused on in their meeting in Moscow on Wednesday on the sidelines of the Syria meeting.

Iran CBI governor:

CBI seeks to ditch dollar in bilateral trade

TEHRAN, May 08 (MNA) – Governor of the Central Bank of Iran (CBI) noted the US uses the dollar as a political means while other countries are getting away from it, adding that the CBI will pursue ditching the dollar in trade as a strategic policy.

Iranian Minister:

Iran, Syria to establish joint banking, insurance

TEHRAN, May 03 (MNA) – Chairman of the joint commission for economic cooperation between Iran and Syria said that establishing joint banking and insurance and sending 50,000 Iranian pilgrims to Damsucs are part of their joint cooperation document.

Iran, Oman stress removing banking barriers

TEHRAN, Mar. 04 (MNA) – Iranian and Omani officials have called for removing banking barriers in a bid to further expand mutual ties.

Iran banking exchanges with 100 world banks unsanctionable

TEHRAN, Jan. 30 (MNA) – With connecting financial messaging infrastructures of Iran and Russia, the banking exchanges of the country with 100 world banks became unsanctionable, an official said.