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Ex-CBI chief sentenced to 10 years for upsetting currency market, mismanagement
Oct 17, 2021 03:00Former Governor of the Central Bank of Iran Valiollah Seif has been sentenced to 10 years in prison for disrupting order and calm in the currency market, paving the way for illegal trade of foreign currency, and mismanagement during his tenure.
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Iran boosting smart infrastructure in fight against money-laundering
May 05, 2021 01:24Iran is calling on experts and firms with an experience in fighting money-laundering schemes to help expand the fight against online activities that can harm the banking and financial services in the country.
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Dollar sinks against Iranian rial on hopes of deal in Vienna
May 03, 2021 00:53The US dollar has hit a new low against the Iranian currency rial mainly on unconfirmed reports suggesting that Iran and major powers would reach a deal in the Austrian capital to revive an international deal on the country’s nuclear program.
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US dollar stumbles from 4-month high against Iranian rial amid Vienna talks
Apr 21, 2021 00:38The US dollar has tumbled against the Iranian rial amid talks in the Austrian capital Vienna to revive an international deal on the country’s nuclear program.
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Iran to continue cash injections to stabilize forex market: Chief banker
Jan 25, 2021 03:08The Central Bank of Iran (CBI) has injected nearly $1 billion into a secondary exchange market in the country as it seeks to stabilize foreign currency prices amid hopes that higher crude sales and better exports could boost the country’s access to hard currency.
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Iran’s intelligence ministry arrests members of illegal forex trading group
Dec 14, 2020 03:00Iran’s intelligence ministry has issued a statement saying it has dismantled a major illegal foreign currency trading group amid efforts in the country to control an exchange market where prices have fluctuated in recent months.
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Euro and Australian dollar gain as US transition goes ahead
Nov 24, 2020 11:27Currencies including the Australian dollar and the euro rose on Tuesday after US President Donald Trump accepted the start of a transition to a Biden regime on Treasury secretary.
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Iran tightens currency control by setting cap on carrying foreign cash
Jun 08, 2020 01:30The Central Bank of Iran (CBI) has imposed a cap on how much individuals can carry foreign cash amid efforts meant to stabilize the foreign currency market in the country.
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Saudi Arabia projects 2020 budget deficit to grow to $50bn
Dec 10, 2019 02:43Saudi Arabia says its budget deficit for the coming year will increase as the Arab kingdom, the world's top oil exporter, faces falling oil prices and production reductions.
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Zarif says dollar must be ditched to strip US of economic sway
Jun 09, 2019 05:48Iran’s Foreign Minister Mohammad Javad Zarif says much of America’s undue economic influence will be taken away if countries stop using the US dollar in their international transactions.