Financial Tribune - Unfulfilled commitments by importers of essential goods have decreased substantially thanks to measures by the Central Bank of Iran 18 months ago, an official with the bank said. Unfulfilled commitments by importers who use subsidized currency (1USD 42,000 rials) for importing essential goods declined from 27.87% in January 2019 ...

Financial Tribune - The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions, says the CBI deputy chief for foreign exchange affairs. As per CBI rules exporters can use their earnings to import raw material and other goods and also can sell ...

Gholam-Reza Panahi, the deputy governor for currency affairs at the Bank Melli of Iran (BMI), said that the bank is ready to receive foreign exchange transfers from Iranian expatriates through its foreign branches or subsidiaries.   It will also be able to provide services including: the opening of foreign currency accounts at the request ...

Bank officials in Tehran said on Sunday that a mechanism to transfer money to the countrys banks from Russia is now on stream. Gholam-Reza Panahi, the deputy governor for currency affairs of Bank Melli of Iran (BMI), said the mechanism enables Iranian exporters to transfer payments in rubles from their Russian clients to Iran through the Moscow-...

A senior Iranian banking official says the representatives from a European bank will travel to Tehran next week to hold preliminary talks over restoration of financial transactions with Iranian banks. Gholam Reza Panahi, deputy head of Bank Melli Iran for International and Foreign Affairs said Iranian banks are ready to start cooperation with their ...