Financial Transactions

SCO weighs plan to create single payment system: sec. gen.

TEHRAN, Oct. 28 (MNA) – The Shanghai Cooperation Organization (SCO) is considering creating a single internal payment system, Secretary-General of the organization Zhang Ming announced.

16th Iran FINEX 2024 Exhibition kicks off in Tehran

TEHRAN, Aug. 09 (MNA) – The 16th Iran International Financial Industries (Exchange, Bank & Insurance) Exhibition entitled “IRAN FINEX 2024” was inaugurated at Tehran Permanent International Fairgrounds on Friday.

Iran, Russia working on integration of payment systems

TEHRAN, Apr. 03 (MNA) – Russia and Iran continue to work on the integration of Russia's Mir payment system with Iran's Shetab through specialized agencies, the director of the Economic Cooperation Department of the Russian Foreign Ministry said.

Third US crypto bank collapses

TEHRAN, Mar. 13 (MNA) – New York-based Signature Bank was shut down by US regulators on Sunday, becoming the third failure in the country’s banking industry in less than a week, media reported on Monday.

FATF suspends Russia's membership over Ukraine war

TEHRAN, Feb. 24 (MNA) – The Financial crime watchdog FATF on Friday suspended Russia's membership for its alleged attacking Ukraine, on the anniversary of the conflict.

Iran-US transactions up 14.8%

TEHRAN, Dec. 11 (MNA) – Iran’s trade with the US reached $46.5 million in the first 10 months of 2022, registering a 14.81% rise compared with the year before.

Iran's deposits with foreign banks grow by 2%

TEHRAN, Aug. 01 (MNA) – The Bank for International Settlements (BIS) says Iran’s deposits in foreign banks increased during the first three months of 2022.

CBI governor:

Iran-Russia monetary-banking MoUs to put into effect soon

TEHRAN, Jul. 09 (MNA) – Referring to political will of two countries of Iran and Russia for developing economic ties, Governor of Central Bank of Iran said that monetary and banking Memoranda of Understanding will be put into operation soon.

Envoy:

Iran, Russia seeking alternatives to SWIFT replacement

TEHRAN, Mar. 25 (MNA) – A separate financial messaging system allows Russia and Iran to do trade and business with each other and circumvent US and European sanctions.

Tehran, Moscow developing mechanism against sanctions

TEHRAN, Feb. 11 (MNA) – The Russian Foreign Ministry has said that Tehran and Moscow are creating a mechanism to protect the two countries trade and financial exchanges from the threat of sanctions.

Several people arrested in Iran over crypto-currency scam

TEHRAN, Sep. 29 (MNA) – The Iranian Intelligence Ministry said in a statement on Wednesday that the intelligence forces arrested several people involved in a crypto-currency scam after people reported their money was stolen on a fake trading website.

Transfer from traditional banking

TEHRAN, Aug. 14 (MNA) – Criticism of the banking system was considered blasphemous in capitalist countries until about a decade ago.