By Mahnaz Abdi

Banking system reform: improving or interrupting?

Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

Rouhani is not entitled to make changes to the JCPOA, says top MP

TEHRAN – A top lawmaker has said President Hassan Rouhani is not entitled to make any changes to the text of the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal struck in 2015 between Iran and six world powers.

‘Iran’s economy strong enough to withstand U.S. sanctions’

TEHRAN – A member of Majlis Economic Committee said on Tuesday that the country’s economy has the capacity to pass through the unjust U.S. sanctions, IRIB reported.

‘INSTEX is useless at resolving economic problems’

TEHRAN – INSTEX is a useless mechanism that cannot resolve Iran’s economic problems created by U.S. sanctions, an Iranian lawmaker said on Sunday.

‘Iran to initiate new economic transactions despite U.S. will’

TEHRAN- Iran is to kick off new economic transactions with other countries despite the will of the U.S. that wants to cut Iran’s economic ties with the world, the chairman of Economic Committee of Majlis stated.

‘Integrated forex market to be launched in a month’

TEHRAN- The chairman of the Economic Committee of Majlis announced that an integrated forex market will be launched in the country by the end of current Iranian calendar month of Khordad (June 21), IRNA reported.

Structural reform to be explored in weeks: MP

TEHRAN – An Iranian lawmaker said on Monday structural reforms recommended by the Leader of the Islamic Revolution Ayatollah Ali Khamenei will be put on the agenda of the Supreme Council of Economic Coordination over the next couple of weeks. 

Over $924m of state-owned shares divested since last March

TEHRAN- Iranian Privatization Organization (IPO) has offered 38.826 trillion rials (about $924.4 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRNA reported.

Economy Ministry to form anti-sanctions office

TEHRAN – Chairman of the Majlis Economic Committee announced on Tuesday that the Economy Ministry plans to establish an anti-sanctions office in a bid to counter the latest U.S. economic sanctions against Iran.    

By Haniyeh Sadat Jafariyeh

Market looking forward to CBI foreign currency package

The Central Bank of Iran (CBI) launched a secondary currency market on July 3, 2018, in a bid to renovate its foreign currency system, reign the currency rates, reinforce exports, improve cooperation with foreign currency exchange shops, and to ease a dollar shortage ahead of the new turn of U.S. sanctions.

MPs pass amendment bill on fighting forex smuggling

TEHRAN – Iran’s lawmakers on Wednesday passed into law an amendment bill to combat the smuggling of foreign exchange, especially the U.S. dollar.

Value added tax law to go under modification

TEHRAN – Chairman of the Economic Committee of the Iranian parliament said the committee has it on the agenda to apply some modifications on the country’s current value added tax law to amend its flaws, IRIB news reported on Thursday.

Parliamentary economic, legal committees to decide on FATF: MP

TEHRAN - The economic and legal committees of the parliament will examine a bill to join the Financial Action Task Force (FATF), an anti-money laundering organization, Majlis Economic Committee Chairman Mohammadreza Pourebrahimi has said. 

Parliamentary committee to issue report on FATF

TEHRAN – Mohammadreza Pourebrahimi, the head of the economic committee of the Iranian parliament, said on Saturday that a report on consequences of joining the Financial Action Task Force will be issued soon.