Central Bank of Iran - Press Shia Agency

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Pres. Rouhani to visit S Africa: Seif

Pres. Rouhani to visit S Africa: Seif

TEHRAN, Sep. 04 (Press Shia Agency) – Seif, the governor of Iran’s Central Bank told S Africa’s top law maker that he hopes President Rouhani’s visit to S Africa would make up the shortcomings in bilateral Banking relations.“In the past, there were expanded relations between Iran and South Africa but anti-Iran sanction have limited the scope of cooperation,” said Valiollah Seif, the...

Rial redenomination possible only after 2019

Rial redenomination possible only after 2019

TEHRAN, Apr. 02 (Press Shia) – Central Bank Governor Valiollah Seif has said dropping few zeros from banknotes will be possible only after 2 years.Mr. Seif said the current budget had not allocated any sum for zero-dropping scheme which had haunted many in the community of economic analysts as the panacea for economic woes and depreciation; “Central Bank has sent a proposal to the government...

Iran to appeal Luxembourg's ruling on freezing assets

Iran to appeal Luxembourg's ruling on freezing assets

TEHRAN, Mar. 26 (Press Shia) – The Central Bank of Iran (CBI) says the country will appeal Luxembourg's recent decision to freeze $1.6 billion of the Islamic Republic’s assets.“The recent decision of a court in Luxembourg in seizing Iranian assets is not following the verdict of the American court and the Central Bank of Iran uses its full capacity to annul the verdict,” reads the formal...

Swiss economy min. to visit Iran

Swiss economy min. to visit Iran

TEHRAN, Dec. 04 (Press Shia) – Chairman of Iran-Switzerland Chamber of Commerce has announced that Switzerland’s minister of the economy will travel to Tehran in the coming week.Sharif Nezam-Mafi noted that Johann Schneider-Ammann, Head of Federal Department of Economic Affairs (FDEA) as Switzerland's ministry of the economy, will lead a delegation comprising Director of the Swiss State...