Banking Cooperation

Farzin offers plan to ECO member states to set up joint bank

TEHRAN, Jun. 02 (MNA) – The governor of the Central Bank of Iran (CBI) says Iran has proposed establishing the joint bank with the member states of the Shanghai Cooperation Organization (SCO) to strengthen monetary and banking cooperation.

CBI governor:

Iran, Oman to establish joint bank to facilitate trade

TEHRAN, May 28 (MNA) – The Central Bank of Iran (CBI) Governor has said at the end of his three-day trip to Oman that the two countries agreed to establish a joint bank and facilitate bank guarantees for merchants on both sides.

Iran, Oman explore ways to develop banking cooperation

TEHRAN, May 27 (MNA) – Mohammad-Reza Farzin, Governor of the Central Bank of Iran(CBI) and Qais Mohammed Al Yousef, Omani Minister of Commerce, Industry and Investment Promotion explored ways to develop banking relations in a Muscat meeting Tuesday.

Russians can use Mir cards for payments in Iran: official

TEHRAN, May 14 (MNA) – Russian citizens holding bank cards connected to their national payment system, known as Mir, can now use the cards for making payments inside Iran, head of the technology department at the Central Bank of Iran (CBI) said.

Iran, Afghanistan ink MoU to expand monetary-banking coop.

TEHRAN, Feb. 20 (MNA) – Iranian and Afghan top bankers signed a memorandum of understanding (MoU) for developing the banking and monetary cooperation.

Iran's economy minister holds meetings in Saudi Arabia

TEHRAN, Feb. 16 (MNA) – Abdolnaser Hemmati, the Iranian the minister of economic and financial affairs, has held talks with the governor of the central bank of Turkey as well as the head of the OPEC Fund in Saudi Arabia.

Farzin:

Iran's central bank tries to facilitate trade for merchants

TEHRAN, Feb. 04 (MNA) – Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin has said that "We seek to facilitate for traders their international monetary communications with destination countries."

VTB to become first Russian bank to open branch in Iran

TEHRAN, Jan. 19 (MNA) – Russia’s second largest bank, VTB, has said that it is scheduled to convert its Tehran office into a branch.

Iran-Russia monetary agreement becomes operational: CBI chief

TEHRAN Jan. 17 (MNA) – Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says that the monetary agreement between Iran and Russia became operational on Friday.

Effective measures taken to counter sanctions: top banker

TEHRAN, Nov. 25 (MNA) – Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin has said that substantial and significant measures concerning banking issues have been taken to counter the unjust sanctions imposed on Iran.

Russia’s Mir payment system to be connected to Iran’s Shetab

TEHRAN, Nov. 11 (MNA) – The Central Bank of Iran (CBI) says Russia’s Mir payment network will be connected to Iran’s Shetab banking network system as the two countries boost their financial cooperation.

On sidelines of BRICS meeting:

Top Iranian, Russian bankers hold talks in Moscow

TEHRAN, Oct. 11 (MNA) – Governor of the Central Bank of Iran Mohammadreza Farzin met and held talks with his Russian counterpart Elvira Nabiullina in Moscow on the sidelines of meeting of central banks’ governors of BRICS member states.

Top Iran, Turkey bankers stress boosting monetary cooperation

TEHRAN, Sep. 30 (MNA) – The governors of central banks of Iran (CBI) and Turkey emphasized the need to enhance mutual ties in banking field on the sidelines of 6th meeting of governors of the central banks of the Organization of Islamic Cooperation.

Russian official:

BRICS bank needs to create independent payment system

TEHRAN, Sep. 01 (MNA) – The New Development Bank created by BRICS states faces the task of creating an independent system of payments to prevent the adverse effect from third countries on their finances, the Russian deputy finance minister said.

CBI chief leaves for Bangalore to partake in DPI Summit

TEHRAN, Aug. 25 (MNA) – The governor of the Central Bank of Iran (CBI) left Tehran for Bangalore, India, to participate in the Global Digital Public Infrastructure (DPI).

Russian ATMs to start accepting Iranian bank cards: CBI

TEHRAN, Jul. 07 (MNA) – Iranian banking cards will be acceptable to automated teller machines (ATMs) in Russia in late August as part of banking agreements that was finalized between the two countries earlier this week.

CBI governor:

Iran, Russia finalize integration of national payment systems

TEHRAN, Jul. 06 (MNA) – Tehran and Moscow have finalized integration of Russia’s Mir and Iran’s Shetab payment systems, the governor of the Central Bank of Iran (CBI) announced.

Iran, Russia emphasize boosting financial-banking cooperation

TEHRAN, Jul. 05 (MNA) – The top bankers from Iran and Russia stressed the need to expand banking and financial 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.