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Iran

We will survive US snub: Iran's Mazaheri

Tahmasb Mazaheri, the governor of the Central Bank of Iran, has said the country's banks can weather the impact of United States-imposed sanctions. Mazaheri's comments come as Angela Merkel, Germany's chancellor, said she would back more sanctions on the…

New governor for Iran

Tahmasb Mazaheri, a former Iranian finance minister, was appointed yesterday as head of the country's central bank.

Iran plans move towards euro from dollar

A spokesman for the Iranian government said Monday 18 December that the Central Bank of Iran will convert the state's foreign dollar holdings into euros and use the euro for foreign transactions.

Iran will not use dollar in trade

Iran plans to carry out transactions in currencies other than the dollar in retaliation for US anti-Iran banking policies, IRNA reported Tuesday 14 November.

ECB's Weber not worried on Iran reserves threat

A threat by the Central Bank of Iran to move its foreign exchange reserves out of dollars into other currencies, notably the euro, should not necessarily be a cause for concern, European Central Bank Governing Council member and Bundesbank President Axel…

Interview with Central Bank of Iran's Mojarad

In an interview with Dow Jones published Saturday 9 September, the Central Bank of Iran's vice governor Mohammad Jafar Mojarad said it will be difficult for the west to impose sanctions on Iran given its key role as a major oil exporter.

ACU calls for new members

The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.

ACU to discuss payment systems efficiency

Members of the Asian Clearing Union (ACU) will meet in Dhaka this week to discuss ways to make their payment systems easier to use to boost trade, a Bangladesh central bank official told Reuters.

Iran confirms reserves transfer

The head of the Central Bank of Iran has indicated that Tehran has already started shifting its foreign hard currency reserves amid the threat of sanctions, Iranian media reported on Friday 20 January .

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