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Iran’s petrochemical sector gets $2.5 billion foreign investment offer
Apr 24, 2023 10:58Iran has received an offer for $2.5 billion of investment in its petrochemical sector from a foreign country, Chief Executive of the National Petrochemical Company (NPC) Morteza Shahmirzaei says.
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Brazil's Lula raps US dollar, IMF amid bolstering China ties
Apr 14, 2023 08:52Brazil’s president has blasted the monstrous role of the US dollar in the global economy during a formal visit to China after the two nations forged a recent pact to replace the dollar with their own currencies in trade deals.
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Iraq to pay debts to Iran within 3-5 months: Official
Apr 12, 2023 06:51The chairman of the Iran-Iraq Joint Chamber of Commerce said the debt Iraq owes to Iran for import of energy will be paid within the next three to five months.
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Macron says Europe must cut reliance on US dollar, seek ‘strategic autonomy’
Apr 10, 2023 14:50French President Emmanuel Macron has called on European countries to lower their dependence on the US dollar and resist pressure to become vassal states of Washington or get dragged into the China-US conflict over Taiwan.
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India pushing for trade in local Currency
Apr 10, 2023 13:16In a bid to ditch the US dollar and evade illegal US sanctions, New Delhi is taking drastic measures to boost its own currency in international trade.
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India to drop US dollar in cross-border trade
Apr 02, 2023 14:13India has opted to offer its Indian Rupee (INR) as a trade currency alternative to the US dollar after it unveiled its latest "dynamic and responsive" foreign trade policy in a bid for de-dollarization.
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Iran’s rial rebounds from historic low amid heavier CBI intervention
Feb 27, 2023 07:44Iran’s rial currency has rebounded from historic lows reported in recent days after the country’s Central Bank intervened to control the prices in the market.
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Iran’s top banker in Qatar to step up cooperation
Jan 05, 2023 12:19The new governor of the Central Bank of Iran (CBI) has traveled to Qatar in the pursuit of closer banking interaction with the Persian Gulf states.
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Iran intensifies crackdown on currency speculation
Dec 28, 2022 06:09Iran has intensified its crackdown on foreign currency speculation as authorities and official news outlets blame speculators for a historic drop in the value of national currency rial.
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Iran blocks 2,300 foreign currency bank accounts as dollar price surges
Nov 06, 2022 06:03The Iranian Intelligence Ministry has identified and blocked more than 2,300 foreign currency bank accounts that were used to trigger instability in the country’s forex market.