Tehran, March 10, IRNA – Iran’s central bank is preparing to set up a “bad bank” to cleanse its financial system of a vast pile of toxic loans after studying the models used by other countries, such as Sweden, Japan and South Korea.The plans were…
Iran’s Finance Minister Ali Tayyeb-Niya says Tehran has sealed a basic deal with Seoul to attract €5 billion in funds for its development projects.Iran said on Sunday that it had signed a basic agreement with…
Pakistan’s central bank has cleared all commercial banks and financial institutions for business with Iran, paving the way for the two countries to resume regular business activity that was hampered by years of sanctions.Global transaction…
17 February 2016Following the historic event of implementation of Joint Comprehensive Plan of Action (JCPOA) agreed by the 5+1 countries on January 16th 2016, the Central Bank of the I.R. of Iran started the plan of…
In his meeting with the Swiss economic delegation, the governor of the central bank of Iran proposed that a team of supervision experts visit Switzerland to introduce Iranian banking system to its economic activists. He…
In a meeting between the governor of the central bank of Iran Valiollah Seif and South Korean Trade Minister Joo Hyung-hwan, both parties discussed the boosting of banking correspondence and establishment of credit lines in…