The fourth and fifth installments of Iran’s frozen assets have been transferred into Iran’s Central Bank account in accordance with the Geneva Agreement, Iranian authorities report. The Islamic Republic Central Bank announced that $1-billion of the country’s frozen assets in the UAE Central Bank has now been transferred to Iran’s Central Bank account. This […]
Tag: Iran central bank
Central Bank chief says Iranian rial must rise no more
Valiollah Seif, the head of Iran’s Central Bank, announced on Tuesday September 24 that the bank will not allow the Iranian currency to keep rising in value. Seif claimed that a drop in the exchange rate for the dollar could have a negative impact, and the Central Bank will not permit it to drop below […]
Iran central bank eliminates cheaper dollar rate
Iran’s central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, according to Iranian media and the central bank’s website on Saturday. The Iranian rial has lost much of its value in the last two years, under pressure from international sanctions over Tehran’s disputed […]