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Fed slashes rate to near zero, eases lending rules
Mar 15, 2020 23:49The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.
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Photo: Domestic production meets the needs of Iran's petrochemical industry
Feb 17, 2020 15:25Kish (IP) - A Memorandum of Understanding (MoU) was signed among the Bank Saderat Iran, the Persian Gulf Petrochemical Company and the Iranian Petroleum Industries Equipment Manufacturers Association in Kish Island and the knowledge-based companies can benefit from a 9 percent tax exemption by operating in Kish Free Trade Zone and so meet the needs of petrochemical companies by selling their products.
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Iran's ambassador: UK government compensation to Bank Mellat a great achievement and legal victory
Oct 04, 2019 18:53Iran's ambassador to Britain has described the UK Supreme Court ruling that the British Treasury should pay compensation to an Iranian bank, as an important legal victory for Iran.
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1st Iranian cryptocurrency to be unveiled
Jul 14, 2019 14:06The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said that an indigenized digital money mined under the permission of the Central Bank of Iran (CBI) is to be unveiled.
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US court dismissed a baseless banking lawsuit against Iran
Mar 30, 2019 12:17A US judge has dismissed a lawsuit seeking to hold nine large European banks liable for allegedly providing banking services to Iran.
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Hemmati: CBI to cut four zeros off the Rial, revaluing the national currency
Jan 06, 2019 15:38Iran's central banks is looking for cutting four zeros off of Iranian currency, banking system reforms and controlling exchange market.
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Iran's new ambassador heads to China to act as banking troubleshooter
Dec 16, 2018 08:51The head for Iran-China chamber of Commerce said on Sunday that Iran's new ambassador to China leaves Tehran for Beijing to remove obstacles to banking transactions between Iran and China.
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US Congress Moves to Blacklist Iranian Banks
Dec 15, 2018 10:29Iran hawks in Congress are in the early stages of planning an all-out campaign to blacklist, sanction, and isolate Iranian banks.
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Russia and Iran discuss Russian version of SWIFT
Nov 02, 2018 15:26Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov said that talks between Tehran and Moscow is under way on using Russian version of SWIFT known as System for Transfer of Financial Messages (SPFS).
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Jahangiri: "US will not have anything new on 4 November"
Oct 28, 2018 11:54First Vice President Es'hagh Jahangiri, in the ceremony marking national health insurance day on Sunday, said Iran has taken the right steps to confront the second round of US sanctions, and the United States will have nothing new to present on 4 November.
