Iranian President Hassan Rouhani’s administration is claiming that it is taking important steps to improve the nation’s economy, including by using redenomination, which involves altering the face value of the nation’s currency.
Prompted by US pressure and deteriorating economic conditions, as well as by the Iranian currency’s loss of its purchasing power, the Iranian parliament has approved a bill to redenominate the country’s national currency
The Iranian parliament has passed a bill to change the national currency from Rials to Tomans, which would remove four zeros from the national currency, as part of its recent economic reforms in order to make the economy look ...
The catastrophic spread of the coronavirus in Iran and the severe shortage of medicine and medical equipment to combat the spread of the disease, as well as the inability of the government to meet this need of ...
A Luxembourg court has blocked a long-running US request to transfer $1.6 billion of dollars in Iranian assets to victims of the September 11 attacks, an official statement said on Monday.
Without the assistance of Iran’s banks, it is difficult to imagine that the Islamic Revolutionary Guard Corps (IRGC) and it elite branch the Quds Force would have been capable of accruing such remarkable power
A number of prisoners including 50 political prisoners held at Urmia Central Prison have been infected with the coronavirus. The 50 political prisoners were held at ward 15 of the prison. The names of 11 of these ...
The organization United Against Nuclear Iran published a report on Tuesday, disclosing that German Chancellor Angela Merkel’s government is permitting Iranian banks sanctioned by the US government to operate within the federal republic.
Halkbank, whose majority shareholder is the Turkish government, pleaded not guilty in New York on March 31, 2020, to criminal charges that it helped Iran illicitly transfer tens of billions in dollars and gold, wrote Aykan Erdemir ...
Iran’s budget bill for the coming Iranian year which starts on March 21, after it was rejected by the Majlis (Iran’s parliament), was finally sent to the Guardian Council for approval after the regime used the trick ...
A global dirty money watchdog is likely to place Iran on its blacklist on Friday after it failed to comply with international anti-terrorism financing norms, a move that would further isolate the country from financial markets, two ...
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