EghtesadOnline: EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal. To circumvent US sanctions, they recently announced a plan for maintaining payment channels outside the banking system, which could be targeted by the sanctions.
EghtesadOnline: The Financial Action Task Force, the global anti-money laundering body, convenes on Sunday with a to-do-list which includes evaluating the progress by Iran in fulfilling its Action Plan to reduce its AML risk.
EghtesadOnline: Iran’s budget deficit came in bigger than expected in the first five months of the current fiscal year (March 21-Aug. 22) to reach 369.1 trillion rials ($2.49 billion), latest data released by the Central Bank of Iran show.
EghtesadOnline: An Italian appeal court has overturned an earlier verdict by a lower court to temporarily freeze $5 billion belonging to the Central Bank of Iran demanded by American plaintiffs who blame Iran for a 1983 bombing of a US Marine Corps barracks in Beirut.
EghtesadOnline: Iran recently eased conditions for foreign investors, based on which foreign citizens can reside in the country by bringing sizable investments.
EghtesadOnline: The International Monetary Fund, in its latest World Economic Outlook, predicts Iran's economy will contract this year and in the following year as a result of the reimposition of US sanctions against the Islamic Republic.
EghtesadOnline: A major part of the Comprehensive Banking Law targeting the struggling banking system and problems of the central bank has been approved, the head of the Monetary and Banking Committee of Majlis Economic Affairs Commission Mohammad Hossein Hosseinzadeh Bahraini told state TV.
EghtesadOnline: The head of Iran's Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei outlined 12 solutions to the ongoing currency and economic problems.
EghtesadOnline: As the reimpostion of the second round of US sanctions draw near, European finance ministers will try to persuade the Trump administration not to cut off Iran’s access to Swift, the global financial messaging service, in meetings with Steven Mnuchin, the US treasury secretary, at the IMF gathering in Bali this week.
EghtesadOnline: The United States asked judges at the International Court of Justice to throw out a claim by Iran to recover $1.75 billion in national bank assets seized by American courts.