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”
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
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
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
Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This
A top Iranian official said on Wednesday that Tehran has no blocked funds in Iraq, after the Biden administration issued sanction waivers in 2023 and this year to allow Baghdad to release the Iranian funds. After
Iran's broad money has doubled during the 2.5-year presidency of Ebrahim Raisi, according to statistics from the country’s Central Bank (CBI). The statistics suggest that broad money has surged from 5.19 quadrillion
Hossein Rahimi, the head of Iran's Economic Security Police, claims there are plans by ‘adversaries’ to disrupt the country's currency market in the lead up to Iranian new year celebrations. "As we approach
During a visit by the Union of Turkish Rights members to the Iran Tractor Manufacturing Industrial Group on Sunday, Karim Aghelvand said that products of this industrial group are being exported to European countries
Mohammad Reza Farzin, the head of the Iranian regime’s Central Bank, announced during an economic conference that a reform program for eight banks will be implemented next year, stating, “If they are not reformed
The Research Center of the Iranian Regime’s Parliament (Majlis) announced in August 2023 that various government initiatives in the Islamic Republic to reduce housing prices have failed. The latest official report
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