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ECONOMY

Iran reports boom in electronic check use

Iran’s cenbank says around four million e-checks have been issued and processed by banks since March.

cbi headquarters

ECONOMY

Iran’s subsidized currency allocations at over $42 in Mar-Dec: CBI

Iran says it earmarked $42.613 billion in subsidized currency in less than nine months to mid-December.

us dollar notes

ECONOMY

Iran announces new official exchange rate for US dollar

Iran’s central bank says it will allocate US dollars to travelers and students at a rate of 1,075,050 rials.

us dollar notes

ECONOMY

Iran’s new import policy blamed for rising forex prices

The Iranian government allows importers to use their own hard currency resources for imports.

us dollar notes

ECONOMY

Iran to continue its push to fix ailing banks: CBI official

Iran’s central bank says it will continue efforts to rescue the country's troubled financial institutions.

cbi headquarters

ECONOMY

Iran starts issuing rial debit cards for tourists

Iran allows an authorized bank to issue rial debit cards for tourists upon their arrival in the country.

debit card

ECONOMY

Iran’s largest lender takes control of failed private bank

Iran’s Bank Melli takes control of Bank Ayandeh’s assets and operations.

bank ayandeh sign replacement