Iran's Central Bank Governor has been summoned by Parliament after reports surfaced of major loans being granted by the country's banks to their own employees and subsidiaries. Earlier, in ...
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Bank Melli – Involved In
How Iranian banks ‘linked to Tehran’s military’ are still operating in London
The Government is facing increasing cross-party demands to shut down the UK operations of two Iranian state-owned banks accused of funneling cash to Tehran’s proxy militias and helping to ...
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Western Sanctions Challenge and Restrict Ruble-Rial Trade Between Iran and Russia
On December 25, 2023, during the Supreme Eurasian Economic Council summit in St. Petersburg, the Russian-dominated Eurasian Economic Union (EAEU) and Iran inked an extensive free-trade agreement (FTA). Representatives
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Khamenei’s Aide Killer Executed In Iranian Prison
A man convicted for the murder of an aide to Supreme Leader Ali Khamenei has been executed in Iran. Abbasali Soleimani, a former representative of the Guardian Council, was ...
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Iran’s Chief Banker Justifies Measures To Pocket People’s Cash Currency
The Islamic Republic's chief banker says strict measures recently introduced on the banking system are aimed at curbing capital flight, claiming they follow international norms. Mohammad-Reza Farzin, the governor
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How Iran set a sanctions evasion network to keep its economy afloat
A number of Chinese, Middle Eastern and western banks that provided banking services to Iran’s energy and industrial sectors helped Tehran circumvent sanctions to keep its economy afloat, the ...
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