Iranian Rial

[pokerplayer]

7 minutes ago, Freedomwish said:

Ummm....wow 

 

You have a great way with words my friend...lol

 

   pp

[markb57]

Yeah, Mattis told Trump to stay with the agreement for now. We'll see. Hopeful all this ends soon....

[pokerplayer]

Just now, markb57 said:

Yeah, Mattis told Trump to stay with the agreement for now. We'll see. Hopeful all this ends soon....

 

You and me both my friend, you and me both. If it doe's then honestly ? If I cash out quick like I really don't care what they do !!  

 

   pp

[markb57]

exactly. I am so ready to retire and get away from all this BS politics. Ready to build my mountain home!

[screwball]

8 hours ago, pokerplayer said:

 

You and me both my friend, you and me both. If it doe's then honestly ? If I cash out quick like I really don't care what they do !!  

 

   pp

 

8 hours ago, pokerplayer said:

 

You and me both my friend, you and me both. If it doe's then honestly ? If I cash out quick like I really don't care what they do !!  

 

   pp

 

Exactly....

[Freedomwish]

18 hours ago, pokerplayer said:

 

You have a great way with words my friend...lol

 

   pp

 

And, I didn't have anything to drink last night! HA! 

[SnowGlobe7]

46 minutes ago, Freedomwish said:

 

And, I didn't have anything to drink last night! HA! 

 

The REAL reason for no RV!!!!!

[screwball]

Thursday, October 05, 2017

Linkup With Brazilian Lenders

 

With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the lender’s deputy for foreign exchange and international affairs announced, without disclosing the names of Brazilian banks. “BMI is now fully ready to offer the services required by those active in foreign trade with Latin America,” Gholamreza Panahi was also quoted as saying by the official news portal of the bank. About three weeks ago, Brazil’s ambassador to Iran had said Iranian banks face no restrictions in forming correspondent ties with Brazilian banks or applying to open a branch in the Latin American country, while adding that a Brazilian bank will soon commence work with Iran without naming it.

[markb57]

crap..I think Trump is going to de-certify the deal

[Freedomwish]

Well......I guess, that's that 

Trump expected to decertify Iran nuclear deal, official says

Link: https://www.yahoo.com/news/trump-plans-announce-decertify-iran-nuclear-deal-washington-191726673.html

 

Edited October 6, 2017 by Freedomwish
Gonna go for a drink.....

[screwball]

Resolving bank issues to help Iran-France ties

News ID: 4104726 - Wed 4 October 2017 - 16:20

Politics

TEHRAN, Oct. 04 (MNA) – The new Iranian Ambassador to Paris, Ablqasem Delfi, met with 62 members and representatives in ARUA and urged for resolution of banking issues for better interactions between Iran and France.

“The nuclear agreement has put us into a new era of relations with other countries, and we are ready to develop joint endeavors with EU member states especially France,” said Iran's new ambassador to France, Abolqasem Delfi, on Tuesday in Paris.

The diplomat made the remark in his meeting with the members of (Association pour la Recherche Urbaine et Architecturale (ARUA)) and the Head of the association Arnaud François. The meeting was held at the special residence of Iranian ambassador in Paris.

“Iran-France relations are very old and we hold that the new policies undertaken by French President and the policy of dialogue of President Rouhani can help the two countries take more steps forward for tapping economic and political potentials of the two countries with better appreciation and understanding,” stated the Iranian envoy to Paris.

The Iranian envoy asserted that resolving banking problems will help to boost trade and economy transactions between the two countries. He maintained that considering Iranian government’s support for foreign investment in Iran, resolving banking problems will fruit positive results in enhancing the level of bilateral relations.

Some members of the French association, took advantage of the opportunity, took the podium to address the meeting and recount their efforts for furthering the cause of economic activities for enhancing urban development.

YNG/ 4104560

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[screwball]

Iran, Britain ink MoU to deepen trade ties

News ID: 4104658 - Wed 4 October 2017 - 14:46

Economy

TEHRAN, Oct. 04 (MNA) – Iran and Britain have signed a cooperation agreement aimed at developing bilateral trade transactions.

During the visit of an Iranian delegation to London, the cooperation agreement was signed at presence of Head of Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) Masoud Khansari and Chairman of British Iranian Chamber of Commerce, Lord Norman Lamont.

Speaking at the MoU-signing ceremony, Khansari pointed to elimination of barriers to investment in Iran saying “once President Rouhani took office, inflation rate dropped from 40 to 10 percent thanks to joint venture in transportation, oil and insurance sectors which paved the path for further investment in Iran.”

He referred to arrival of 200 trade delegations in Iran following implementation of the Joint Comprehensive Plan of Action (JCPOA) though few visits led to formation of contracts adding “volume of trade turnover between Tehran and London became twofold in the first half of 2017 though the figure is expected to grow further.”

Lord Norman Lamont, Chairman of British Iranian Chamber of Commerce, for his part, emphasized that growth in trade was far more important that signing a contract on a piece of paper and encouraged British and European firms to make investments in Iran.

He later touched upon financial restrictions and, while expressing hope that all limitations will be resolved, said “the British government holds a positive attitude towards Iran although policy of US against the JCPOA remains unclear and unpredictable.”

At the end of the session, a Memorandum of Understanding (MoU) was signed by heads of TCCIMA and London Chamber of Commerce.

[screwball]

Iran, Mexico call for closer economic coop.

News ID: 4105546 - Thu 5 October 2017 - 16:32

Economy

TEHRAN, Oct. 05 (MNA) – In a meeting with Mexican envoy to Tehran, parliamentary official Hossein Amir-Abdollahian stressed the need for more economic and industrial cooperation between the two sides.

The Iranian Parliament's General Director for International Affairs Hossein Amir-Abdollahian held a meeting with Mexican ambassador to Tehran on Wednesday, during which he called for further planning on making use of ample capacities in energy, agriculture and industry sectors in line with the two countries’ common interests.

He also extended his condolences over the recent earthquake in Mexico which caused the death of 369 people, saying Iranian Seismological Center and Passive Defense Organization could exchange their experiences with relevant organizations in Mexico.

The Iranian official further called for expansion of parliamentary ties between the two countries.

The Mexican ambassador, for his part, thanked Iran for its sympathy over the fatal earthquake, and stressed the strengthening of political and parliamentary relations between the two countries.

Tehran-Mexico City’s cooperation was also discussed in the framework of the 137th session of international organization of Parliaments (IPU) to be hosted by Russia in the near future. 

 

[screwball]

Tehran, Ankara to boost trade volume to $30bn

News ID: 4105269 - Thu 5 October 2017 - 11:20

Politics

TEHRAN, Oct. 05 (MNA) – In a Wed. meeting of High Council for Strategic Partnerships of Iran and Turkey in Tehran, Iranian President Rouhani and his Turkish counterpart stressed resolve for increasing the volume of trade transactions up to $30 billion. 

In the meeting that was held on Wednesday in Tehran, Iraanian President Hassan Rouhani referred to the good, amicable relations between the two countries, adding "Tehran and Ankara are resolute to deepen relations and economic cooperation based on mutual interest."

"Today, the presence and role of the two regional powers, Iran and Turkey, to establish stability and security in the Middle East is more important than ever," Rouhani added. 

The president went on to note the development of Tehran-Ankara cooperation in various sectors, including energy, voicing Iran's readiness to promote cooperation with Turkey in order to meet its need for energy, including gas. 

President Rouhani deemed essential the development of economic relations and the promotion of the volume of trade between the two countries toward a $30-billion target in business relations, adding that the latest agreements signed in the banking sector will further increase banking cooperation. 

"The talks also stipulated that the agreement on the use of the national currencies of Iran and Turkey to facilitating trade between the central banks of the two countries, along with two major banks, will be signed within the next week," Rouhani added. 

Referring to the potentials for investing in Iran in various sectors, including infrastructure, petrochemicals and tourism, the president called on Turkish companies and businesspeople to have an active participation in Iranian projects like other foreign companies. 

According to Rouhani, the two sides can participate in various sectors such as customs cooperation, electricity, water, tourism, construction, entertainment centers, development of tourism and consular and judicial cooperation. 

The president also added that Iran and Turkey could increase their cooperation in the ECO Organization, especially with regard to the ECO Bank and the regional joint market of electricity of ECO.

Elsewhere, the Iranian president touched upon regional issues, particularly the recent referendum in Iraqi Kurdistan Region, adding "no change in geographical borders and preserving the territorial integrity of countries are the ultimate goal of Iran and Turkey."

He further discussed the Syrian situation, saying tripartite negotiations with Russia will continue within the framework of Astana process for Syrian settlement. 

Turkish President Recep Tayyip Erdoğan, for his part, voiced confidence that these meetings would remove obstacles to the development of bilateral cooperation and relations and provide conditions for reaching new solutions and concluding agreements and projects for the further development of relations.

Referring to the interest of companies and the private sector of Turkey to attend and invest in Iran's projects, the Turkish president called for more incentives to be given to businesspeople and private sectors of the two countries to develop cooperation and implement joint projects. 

Groundwork is ready to develop trade to $30 billion, said the Turkish President referring to plans to increase the level of economic cooperation between the two countries.

He also voiced satisfaction over the level of relations between the two countries' armed forces.

Meanwhile, the two sides signed four MoUs between ministries of economy, central banks, national libraries and television broadcasting. 

 

[sandfly]

they are moving alone fine

[WheresmyRV?]

My thoughts on all of this is if Trump does vote against this and the European Union and lots of other countries are for Iran, how can just one lone country stop all of this? I'm thinking we are still golden.  The worst that will happen for us is that we will have to go out of the country to do our exchange.

 

[markb57]

Trump's own generals and defense secretary feel that Iran is holding up the agreement. I don't know what Trump's burr in the saddle is with Iran. I still believe they have backdoor terrorism but dang-it, we can't be the world's police anymore.

 

Trump needs to leave it alone

[Freedomwish]

3 hours ago, WheresmyRV? said:

My thoughts on all of this is if Trump does vote against this and the European Union and lots of other countries are for Iran, how can just one lone country stop all of this? I'm thinking we are still golden.  The worst that will happen for us is that we will have to go out of the country to do our exchange.

 

I'll be ready to head out up north by PP to make the exchange in Euro, with a bottle of whiskey on hand - or out to Dubai to meet up with brother Screwball with a bottle in hand....

Or both!! It ain't over yet!! 

 

2 hours ago, markb57 said:

Trump's own generals and defense secretary feel that Iran is holding up the agreement. I don't know what Trump's burr in the saddle is with Iran. I still believe they have backdoor terrorism but dang-it, we can't be the world's police anymore.

 

Trump needs to leave it alone

 

Yup yup.....it's gonna be really interesting to see what plan of action other countries might have already in place - with or without Trump's hoopla on this...we will see...

[screwball]

Economy, Business And Markets

Saturday, October 07, 2017

$2.5 Billion Allocated for Subways

 

Owing to the fact that most municipalities, including that of Tehran, are struggling with a hefty credit crunch, Shahr Bank has invested 100 trillion rials ($2.5 billion) to support the development of subways in the country, especially in Tehran, the head of Transportation and Civil Affairs Commission of Tehran City Council announced. “More than 60 trillion rials ($1.51 billion) of the resources have already been used to purchase equipment and develop systems, while the project is going ahead with a credit line of over 30 trillion rials ($760 million),” Mohammad Alikhani was also reported as saying by the bank’s news website. “In light of the significant amount of support that Shahr Bank extends to municipalities, the bank is considered their biggest partner. As municipalities have trouble getting loans due to their arrears, the lender can solve a considerable amount of their problems,” he said.

[screwball]

In order to implement the Social Housing Scheme to provide more than 100,000 residential units for low-income groups each year, 4.2 trillion rials ($105 million) in government subsidies are required annually, the deputy head of Housing Foundation of the Islamic Revolution announced.

“In addition to the government subsidy, about 24 trillion rials ($600 million) in bank loans and 17 billion rials ($430,000) worth of gratuitous financial assistance have been considered,” Javad Haqshenas was also quoted as saying by HIBNA, Bank Maskan’s news portal.

The Social Housing Scheme is a subcategory of the government’s Comprehensive Housing Plan that incorporates programs to provide low-income groups and those covered by state charities like the Imam Khomeini Relief Committee and State Welfare Organization of Iran with affordable housing.

Haqshenas noted that individuals who are eligible can receive bank loans worth 300 million rials ($7,500), 400 million rials ($10,124) and 500 million rials ($12,650) depending on the status of their city.

The official added that according to a Cabinet directive, if eligible individuals intend to buy a residential unit in the framework of the Mehr Housing Plan, they can benefit from 70 million rials ($1,780) of gratuitous financial assistance.

According to Haqshenas, Imam Khomeini Relief Committee and State Welfare Organization of Iran are responsible for introducing vulnerable and low-income applicants and those who are not covered by these two organizations will be identified by the Ministry of Cooperatives, Labor and Social Welfare.

“This is while no resources have been determined for the Social Housing Scheme thus far. We have proposed a finance package for the project to the Central Bank of Iran but they have not responded yet,” he said.

“It looks like the central bank has obligated Bank Maskan, the agent bank of the housing sector, to determine where the required resources should be procured from.”

[screwball]

Trumps problem with Iran...if they came out tomorrow and pegged to the usd at a rate of 2.605 they would probably get what the want..but it's all about the dollar

[screwball]

He knows they will be a powerhouse as he stated in the second presidential debate. Congress wants him to re indorse, so if trumps vetos it it goes back to Congress

[screwball]

Iran, Russia, China playing major role in new Silk Road

Moscow, Oct 6, IRNA – Iran, China and Russia having rich civilizations play an important role in the new Silk Road plan, Iran's Consul General in Kazan, Tatarstan, Ali Beman Eghbali Zarech said on Friday.

Zarech made the remarks ih his address to the International Conference on Silk Road which was held in Kazan Federal University.

Reviving the Silk Road is of importance for the regional countries, said the Iranian diplomat.

There was only one Silk Road stretched from China to Iran in the past which linked different areas but it has spread to other parts especially to Europe, he noted.

In addition to determine economic targets for the new Silk Road, grounds should be prepared for further social and cultural cooperation and public diplomacy, Zarech added. 

He pointed that universities play a major role in promotion of public diplomacy.

Zarech also referred to the increasing number of Iranian students in Tatarstan, and expressed hope for promotion of Tehran-Kazan academic cooperation. 

Based on the released documents, China plan for the new Silk Road, also known as the One Road, One Belt Project, which has been presented since 2013, consists of a land and a sea road. 

The land road will link China to Russia and the Middle East to Europe.

While the sea road is to connect China to Southeastern Asia and Africa.

Translator: Ali Izadi

9376**1394

Follow us on Twitter @IrnaEngish

[screwball]

Economy, Business And Markets

Sunday, October 08, 2017

European Banks Eying Iran

 

European banks are showing interest in Iran’s market, the director of financial services at Germany’s KPMG, a subsidiary of one of the world’s leading financial advisory companies, said

Expressing his optimism over the prospect of Iran-Europe banking relations, Ulrich von Zanthier added, “I believe all we need to do is wait, as things are improving gradually while the important thing is that international banks have started to finance projects in Iran,” IRNA reported.

The German official mentioned Denmark’s Danske Bank and Austria’s Oberbank as major lenders that have already stepped in to finance projects in Iran.

Less than a month ago, Austria’s Oberbank signed a finance deal worth €1 billion with 14 Iranian banks, becoming the first major lender to enter Iran’s market while about the same time, Denmark’s Danske Bank signed a €500 million finance contract with 10 Iranian banks, becoming the second European lender to ink a major agreement with Iran.

Von Zanthier also mentioned Bpifrance, France’s state investment bank, which will start to finance projects of French companies in Iran from 2018, granting up to €500 million ($598 million) in annual credits.

“However, many significant lenders still have doubts about forging ties with Iranian banks, but as I’m positive about the matter, we still need to be patient,” he added.

Due to past penalties for violating Iran sanctions, European banks shun business with the country. This is while the EU lifted its sanctions against the country following the nuclear agreement nearly two years ago.

Nevertheless, major banks fear running foul of American laws, because the US government has not yet removed all the sanctions.

The KPMG official saw the possibility of sanctions’ return as slim.

“I am not a politician but from a commercial point of view, European politicians are willing to hold onto the agreement [Iran’s nuclear deal with world powers] while Iranian, Russian and Chinese politicians also want the same thing,” he said.

 He noted that when so many powerful payers are on the same page, it also encourages European banks to stop holding back on the financing of lucrative trade with Iran while their governments are pushing to expand trade with the Islamic Republic.

“Despite the fact that there are still some risks, we will continue our relations until it is possible and if someday Iran’s sanctions return, which no one hopes for, we need to reconsider our ties again,” he said.

Von Zanthier said more than 1,000 correspondent banks in Germany can provide a variety of services to Iranians and it is not essential at present to insist on linking up with big banks.

[screwball]

With the aim of promoting job creation, Bank Sepah, a major state-owned lender, has allocated 25 trillion rials ($632.9 million) to be granted as loans to projects selected by provincial task groups, announced the bank’s chief executive. “All real and legal persons belonging to the private sector and cooperatives active on the national, provincial and rural scales are eligible to use the funds if they are approved by the provincial task groups,” Mohammad Kazem Choghazardi was also quoted as saying by the official news website of Bank Sepah. The funds are part of the Central Bank of Iran’s plan to support small- and medium-sized enterprises that are considered effective for creating jobs across the country.