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The deal mainly focuses on a payment channel that is to facilitate the settlement of the Arab country’s debts to Tehran over gas and electricity imports, inter alia. (Shutterstock)

February 6th, 2019 - 01:20 GMT

Iran, Iraq Finalize a Deal on Payment Channel to Facilitate Debt Settlement

Central banks of Iran and Iraq finalized an agreement to establish a bilateral payment mechanism to ease trade and the flow of money between the two neighboring countries.

According to Hemmati, the Central Bank of Iran had been focused mainly on stabilizing foreign-exchange market over the past few weeks through promoting Iran’s national currency. (Shutterstock)

December 23rd, 2018 - 07:50 GMT

Iran's Foreign Currency Market Climbing Back to Stable Conditions

The Central Bank of Iran had been focused mainly on stabilizing foreign-exchange market over the past few weeks through promoting Iran’s national currency. (Shutterstock)

December 12th, 2018 - 08:00 GMT

Iran Claims Its Oil Exports Have Increased Since US Sanctions

In Tir, from the total of $10.66 billion of foreign debt, $6.72 billion was interim debt and $3.94 billion was long-term debt. (Shutterstock)

September 24th, 2018 - 06:43 GMT

Iran's External Debt at $10.66 Billion, Down 5.6 Percent

In the past month, 1.8 billion euro has been paid for importing basic goods including oil, meat, rice, medical equipment. (Shutterstock)

September 16th, 2018 - 07:57 GMT

Importing Basic Goods Cost Iran €3.2 Billion

Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector. (Shutterstock)

September 13th, 2018 - 08:49 GMT

Iran's Tax Revenues Surpass $8.5 Billion in 4 Months

Iran’s Oil Revenues Rise up to $9.9 Billion. (Shutterstock)

September 11th, 2018 - 08:50 GMT

Iran’s Oil Revenues Rise up to $9.9 Billion

Iran’s liquidity stood at 16.02 quadrillion rials. (Shutterstock)

September 11th, 2018 - 07:50 GMT

Iran's Liquidity Above $381 Billion, up by 20.1 Percent

Ankara, Capital city of Turkey (Shutterstock/File Photo)

September 9th, 2018 - 11:00 GMT

Turkey Calls on World Nations to Fight U.S. Sanctions

US President Donald Trump listens during a cabinet meeting on July 18, 2018, at the White House in Washington, DC. (Nicholas Kamm / AFP)

July 19th, 2018 - 09:07 GMT

Iran's UN Delegates Claim Trump Asked 8 Times to Meet Rouhani But was Ignored

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically. (Shutterstock)

July 15th, 2018 - 09:56 GMT

Tax Income Increases 14 Percent in One Year in Iran

(Shutterstock/File Photo)

May 9th, 2018 - 11:31 GMT

Biting Sanctions on Iran Will Take Effect in November

Both major oil producers have moved closer together in the face of increasing U.S. sanctions pressure. (Shutterstock)

April 25th, 2018 - 09:17 GMT

Russia Eyes an Interim Trade Agreement With Iran