Iran's external debt grows by nearly 18%
Iran's external debt has increased by approximately 18% compared to previous year figures, with short-term liabilities constituting the major part.
Iranian Central Bank
Redenomination kicks off in Iran
Four zeros are being removed from the rial
Iran to denominate rial
The Iranian parliament adopted a resolution yesterday to remove four zeros from the national currency rial.
Iran's oil and gas sector value grows 11%
Iran's Central Bank reports an 11% annual growth in the oil and gas sector's value from March 2024 to March 2025. This sector accounted for more than 8% of the total gross domestic raw material product.
Russia and Iran say goodbye to dollar in mutual trade
Moscow and Tehran are no longer using the dollar in mutual trade transactions and have shifted to national currencies thanks to previously signed agreements between the two countries in the financial sector, Governor of the Iranian Central Bank …
Iran to accept Russia’s Mir bank cards from January
Bank cards of the Russian payment system Mir will be accepted in Iran from January 2025, Governor of the Iranian Central Bank Mohammad Reza Farzin said. He …
Iran plans to join BRICS New Development Bank
Iran thinks high of the role of the BRICS New Development Bank (NDB) in the association and is going to become its member, Governor of the Central Bank of Iran Mohammad Reza Farzin said after the BRICS Finance Ministers and Central Bank Governors …
Iran to launch offshore rial for transactions with Russia
Iran launched its digital rial this week. According to the head of the Iranian Central Bank, an offshore rial may also be launched soon. It will be used in transactions with Russia.
When will Russia and Iran conclude a currency agreement?
A currency agreement between the Russian Federation and the Islamic Republic may be signed soon. The head of the Iranian Central Bank announced the approximate dates.
Iran to use unfrozen assets to strengthen rial rate
Iran's Central Bank governor Mohammad-Reza Farzin, has confirmed that the Islamic Republic’s released funds totaling some $6 …
Agreement on Central Banks cooperation to bring Russia and Iran to new level
The direct connection has been established between the banks of Iran and Russia, governor of the Iranian Central Bank Mohammadreza Farzin said. Farzin said that within the framework of the joint action plan of banking cooperation …
Cyber attack against Iran’s Central Bank repelled
A major cyberattack against the Central Bank of Iran (CBI) was neutralized, according to an Iranian cyber security official. The general director of the Infrastructure Communication Company notified that a significant DDoS attack …
Iran and Russia merge banking systems
The memorandums of interbank cooperation signed with Russia will soon be put into practice, the Iranian Central Bank's Governor, Ali Salekhabadi, said after talks in Moscow on July 7-8. "We will implement the memorandums of …
Iran appoints new central bank chief - state media
Iran has appointed Ali Salehabadi as head of the central bank, Iranian state TV reported on Wednesday, as the Islamic Republic's economy reels under U.S. sanctions. "The role of the central bank in preserving the value of the …
Japanese resumes Iranian oil imports
Japanese refiners have loaded Iranian oil onto a tanker, resuming imports after halting purchases because of sanctions by the United States, governor of the Central Bank of Iran Abdolnaser Hemmati said. "After …
Iran to slash four zeros from rial - media
Iran’s Central Bank has proposed slashing four zeros from its battered currency. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter …
CBI head says major part of U.S. sanctions ineffective
A major part of US economic sanctions against Tehran has been rendered ineffective due to the Iranian Central Bank's efforts and policies, the CBI governor Abdolnaser Hemmati said. "Our efforts …
Iran wants to increase share of transactions in national currencies with Russia
Iran expects to increase the share of transactions in national currencies in trade with Russia, Iranian Central Bank Governor Abdolnaser Hemmati said following his visit to Russia. According to him, following the …
Iran eases currency rules
Iran's Central Bank lifted a ban on exchange offices, allowing them to resume work in a move aimed at bringing in badly needed hard currencies. The bank also gave the green light for Iranian "legal institutions and …
Iran's central bank governor replaced
Iranian President Hassan Rouhani has dismissed Iran’s central bank governor Valiollah Seif. Valiollah Seif was replaced with Abdolnaser Hemmati, who headed the state insurance …