Iranian Banking Provocation

Nov 27 2024

Central Bank of Iran promises CBDC launch, fintech to fight sanctions

Iran will launch a central bank digital currency (CBDC) in the near future, Central Bank of Iran (CBI) governor Mohammad Reza Farzin said at a national banking conference on Nov. 25. He called attention to the

Nov 26 2024

Iran unveils SWIFT competitor called ACUMER

Iran has launched ACUMER, a new banking platform designed to circumvent international sanctions and enhance trade with Asian partners. Farzin, speaking at the 11th Annual Modern Banking and Payment Systems Conference

Nov 22 2024

Audit report unveils surge in loss-making Iranian state companies

A recent report by the Supreme Audit Court of Iran (SAC) has shown a sharp rise in the number of loss-making state-owned companies during President Ebrahim Raisi's tenure, underscoring the country's deep economic

Nov 14 2024

Iran and Russia Link Banking Systems in Effort to Bypass Western Sanctions

Latest Developments • Russia and Iran Connect Banking System: Iran and Russia have begun linking their banking systems to allow Iranians to use their bank cards in Russia — an apparent effort to blunt the impact

Nov 13 2024

Iranian Bank Cards Now Usable in Russia

Iranian bank cards can now be used in Russia, Iranian state television reported, marking a new effort by Tehran and Moscow to counteract Western sanctions through strengthened financial cooperation. "The plan is

Nov 12 2024

Iranian and Russian payment networks connected

Addressing this ceremony, Central Bank of Iran Governor Mohammad-Reza Farzin mentioned integration of the two countries’ banking subsystems as a big step towards creating integrated economic cooperation in the

Nov 07 2024

Iran’s currency tanks to all-time low

Iran’s currency fell on Wednesday to an all-time low as former president Donald Trump apparently clinched the US presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging

Sep 05 2024

Data of 20 Iranian banks hacked in ‘worst-ever’ cyberattack

An Iranian entity paid hackers $3 million in ransom to dissuade them from releasing the data of over 20 hacked banks, Politico reported, confirming Iran International’s earlier report about the “biggest-ever”

Sep 04 2024

Iranian parliament summons Central Bank chief over state bank employee loans

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 response to growing criticism

Sep 02 2024

Khamenei raids sovereign fund to pay off government’s mounting debts

Iran’s Supreme Leader has approved diverting over $5.8 billion from the National Development Fund (NDF)—initially reserved for the nation's future—to settle the government’s immediate debts to wheat farmers

Jun 26 2024

US Treasury targets shadow banking network moving money for Iran’s military

The U.S. Treasury Department said Tuesday it is imposing economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow

The Iranian regime is facing serious problems that might threaten the stability of the Islamic revolution. The population has been driven to a new low, and the threat of death with almost 800 executions in 2024 only doesn’t seem to help. The regime has started building “re-education camps” for women who will not conform with Tehran’s view on Sharia law and is already shutting down municipal resources, like water and electricity, in several provinces that have a higher percentage of protest. Do you think that Iran is nearing a tipping point and we are witnessing the end of the fundamentalist regime?

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