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Issues left unsettled amid efforts to unblock Iranian funds
Oct 03, 2022 07:10A spokesman of the Central Bank of Iran (CBI) says Iran could access to billions of dollars of its funds that have remained blocked in foreign banks because of US sanctions if some minor problems related to banking transactions are settled in talks with foreign negotiating partners.
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The US’s selfish war on inflation will tip the world into recession
Jul 22, 2022 13:10As the US Fed raises interest rates, dollar-denominated loans become an unsustainable burden to states around the globe.
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Iran’s flourishing economy a slap on the US face
May 11, 2022 13:49A recent report has placed Iran’s economy in the 20th position in the world based on the gross domestic product (GDP) per capita adjusted by purchasing power parity (PPP) in 2021.
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Traders hail Iran's decision to scrap tax on import of foreign currency
Apr 27, 2022 04:25Foreign currency traders in Iran have hailed a decision by the government to scrap a tax on import of foreign currency into the country, saying the move would help neutralize the impacts of American sanctions on the Iranian economy.
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Iran tightens rules on carrying foreign cash
Apr 15, 2022 05:02The Iranian government has issued new regulations governing the supply, possession and carrying of foreign cash as the country seeks to crack down on foreign currency trafficking amid sanctions that have hampered its access to the international banking system.
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Report: Saudi Arabia mulls ditching dollar in favor of China's yuan
Mar 16, 2022 08:26Saudi Arabia is considering ditching the US dollar in favor of yuan in its oil sales to China, something which stands to profoundly affect the energy market, The Wall Street Journal reports.
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Thousands take to streets in Turkey over rising inflation, currency freefall
Dec 13, 2021 14:21Thousands of people have taken to the streets of Istanbul to protest against the Turkish government's failed economic policies amid rising inflation and depreciating currency.
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'Indefensible': US billionaires became $2.1 trillion richer in 19 months of pandemic
Oct 22, 2021 15:27American billionaires grew in number and expanded their collective fortunes by $2.1 trillion since COVID-19 sparked a worldwide pandemic nineteen months ago, according to a new analysis unveiled recently.
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Ex-CBI chief sentenced to 10 years for upsetting currency market, mismanagement
Oct 17, 2021 06:30Former 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 05:54Iran 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.