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IRAN'S KHAMENEI IN SERIOUS CONDITION: SOURCES

Khamenei
 
 

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1/31/2018 10:14:20 PM

 

Iranian Supreme Leader Ali Khamenei is being hospitalized in critical condition, sources told the Baghdad Post Wednesday. 

 

Earlier reports said the 76-year-old was suffering from stage four prostate cancer that 
spread to other parts of his body. Doctors said he has only two years to live.

Khamenei has been rumored to be ill for years. In September of last year, he underwent prostate surgery, with his official Twitter account maintaining that it was successful.

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On 1/29/2018 at 9:36 PM, screwball said:

 

CBI governor, Swiss envoy to Tehran confer on banking ties

ولی الله سیف
News ID: 4213605 - Mon 29 January 2018 - 16:34
TEHRAN, Jan. 29 (MNA) – Seif, the governor CBI, told the Swiss envoy to Iran Leitner that Iran-Switzerland banking relations are satisfactory and called for speeding up the permission process for letting Iranian banks open branches in Switzerland.

“Iranian banks are functioning in the framework set by international regulations and many long steps have been undertaken to meet global standards,” said the governor of Central Bank of Iran Valiollah Seif.

The Iranian official made the remarks on Monday while meeting with the Swiss Ambassador to Iran Markus Leitner.

“The program to improve the structure in Iranian banks, in terms of standardizing banking operations, observing the international regulations, and correcting the accounting and monitoring standards is underway,” recounted the official.

During the meeting, the Swiss ambassador to Tehran voiced his country’s willingness to expand banking relations between the two countries and also recounted that Switzerland is encouraging its banks to broaden their cooperation with Iranian banks. He described the meeting as a prelude to meeting this objective.

He also promised to negotiate with banking officials and Swiss banks to speed up issuing permissions for letting Iranian banks open branches in Switzerland.

 

 

That’s a fair warning. Very positive news here.

 Thanks. 

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  • 3 weeks later...

F oreign exchange market showed early signs of cooling on Thursday after the Central Bank of Iran unveiled its emergency package aimed at enticing investors to embrace regulated monetary and gold markets as their preferred choice.

 

The package approved by the government on Wednesday and later announced by CBI includes unusual measures to put a stop to a volatility that saw rial lose a quarter of its value in the past six months.

 

The package includes tightening of monetary policy, the issuance of rial-denominated foreign currency bonds and the presale of gold coins at prices lower than the market rates.

 

First and foremost, the regulator, in an about-face from its previous dovish policy, has allowed lenders to open one-year savings accounts with an interest rate of 20% for a period of two weeks from Saturday.   

 

The temporary rate increase is aimed at creating a safer rival market for the more risky and fickle forex market, thereby shoring up the value of rial.

 

The bank had last ordered lenders to cut their deposit and lending rates to 15% and 18% respectively in September last year in response to the decline in inflation rate to single digits for the first time after a quarter century.

 

Some independent analyst had warned the bank that the decision was premature, arguing that the inflation rate was still high and that the move could instigate a flight of capital from the monetary market into mote speculative ones such as forex and housing markets.

 

Although the CBI decision was largely welcomed as a sign that the policymakers are turning from their traditional and inept responses into more proactive strategies, some saw it as "too little, too late".

 

Critics say the move has limited impact and is unlikely to address the perennial problems besetting the Iranian currency.

 

The prominent Persian-language economic newspaper Donya-e-Eqtesad has called for stopping the real appreciation of the rial if the stopgap policy is to have any lasting effect.

 

The market, however, was more receptive. On Thursday, as it digested the news, the rial gained some ground and was traded below 47,000 to the dollar, up from 49,000 two days ago.

 

The currency started gaining from Wednesday when law-enforcement forces, with a green light from the central bank, raided the hub of Tehran currency hawkers near the British Embassy in Tehran and arrested 90 traders who were deemed market disruptors.

 

According to Tehran police chief, Brigadier General Hossein Rahimi, his forces also shut 10 currency-trading offices as part of the crackdown.

 

Currency Bonds

 

CBI's package also, for the first time, foresees the issuance of foreign currency bonds.

 

The bank's governor, Valiollah Seif, had earlier announced that the bonds would be issued in collaboration with the Oil Ministry.

 

Explaining the measures in a meeting with bank chief executives on Thursday, Seif said the currency bonds will be issued in rial but would be based on foreign exchange, meaning that one- or two-year currency bonds will be bought by investors in rial but at the time of maturity, the yields–at 4-4.5%– will be reimbursed in foreign currency or its equivalent in rial.

 

The exchange rate will be calculated at an average rate of the most recent week the bond has matured. Analysts expect a final yield of 26% for these bonds.

 

The bank is also launching a new electronic system on Saturday to facilitate forex transactions and gradually move all trading to the platform in a bid to promote transparency in the market.

 

Gold Presale

 

CBI's last measure is aimed at curbing the ongoing bull run in the gold market through presales at attractive prices.

 

According to Seif, the state-run Bank Melli Iran will hold the presale of Bahar Azadi gold coins to be delivered in six months at 14 million rials ($295) and coins with a contract duration of one year at 13 million rials ($274).

 

As of Thursday, the benchmark coin fetched 15.77 million rials ($332).

 

The bank had earlier held gold coin auctions to contain the yellow metal's unprecedented rally in Tehran market, but this had little effect in restraining its price rally.

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On ‎2‎/‎16‎/‎2018 at 2:52 PM, screwball said:

All I can say is wow!

 

The bank is also launching a new electronic system on Saturday to facilitate forex transactions and gradually move all trading to the platform in a bid to promote transparency in the market.

 

 

 

This is fantastic news SB. Wow this is the second great article I have read today. Do you know if this actually happened ? I will have a look around and see if I can find anything and will post back here if I am successful.

 

  pp

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7 hours ago, pokerplayer said:

 

This is fantastic news SB. Wow this is the second great article I have read today. Do you know if this actually happened ? I will have a look around and see if I can find anything and will post back here if I am successful.

 

  pp

Yes there was anither article saying they launched it...

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..https://www.telesurtv.net/english/news/Iran-Bans-US-Dollar-in-Trade-Activities-to-Beat-Sanctions-20180301-0028.html.Iran Bans US Dollar in Trade Activities to Beat Sanctions.....

 
  • Iran has banned the use of the U.S. dollar in all trade, prohibiting businesses from registering their import orders using the currency.

    Iran has banned the use of the U.S. dollar in all trade, prohibiting businesses from registering their import orders using the currency. | Photo: Reuters

Published 1 March 2018 (2 hours 22 minutes ago)
 

 

Mehdi Kasraeipour, the Central Bank of Iran's director of foreign exchange rules and policies, said the move is unlikely to meet with resistance.

Iran has banned the use of the U.S. dollar in all trade transactions, prohibiting businesses from registering import orders using the currency.

RELATED: 

Iran, Russia Consider Developing Own Cryptocurrencies

The Ministry of Industries, Mining and Trade made the announcement Wednesday, following an official request by the Central Bank of Iran (CBI). It is meant to address fluctuations in the dollar.

Mehdi Kasraeipour, CBI's director of foreign exchange rules and policies, said the move is unlikely to meet with resistance, considering that the dollar has a low share in Iran's trade activities.

"It has been for a long time that Iran's banking sector cannot use the dollar as a result of thesanctions," he said.

Iran has since implemented a new electronic system to purchase foreign currencies on a wider scale.

The country has long been seeking to make the move, having signed many agreements with other nations on using national currencies inbilateral trade.

In November, when Iranian Supreme Leader Ali Khamenei met with Russian President Vladimir Putin, he had said that in order to beat U.S. sanctions, the two could dump the U.S. dollar in trade, a strategy that could "isolate the Americans."

 

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  • 2 weeks later...

CBI Chief : Iran vows to switch bank accounts to Oman

Tehran, March 17, IRNA - CBI Governor Valiollah Seif on Saturday welcomed active presence of Omani banks in the Islamic Republic of Iran and said Iran is ready to switch bank accounts/cards to Oman to ease transactions between the two side's businessmen.

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The CBI governor made the remarks in a meeting with Omani Minister Responsible for Foreign Affairs Minister Yusuf bin Alawi bin Abdullah and Deputy Chairman of Oman's central bank in Tehran on Saturday. 

Expansion of banking cooperation helps bolster and broaden political and economic relations between the two countries, Seif said. 

Political ties between the two countries are very deeply rooted and it is expected to develop in line with economic relations between the two sides, he said.

Banking cooperation ease expansion of economic relations and both sides officials are determined to attain the goal in order to play a much more active role in the central Asian markets as well as Persian Gulf littoral states, Seif said. 

An open market to over 400 million customers requires active role, he said, adding that Oman is capable of re-exports and the role of banks to this end will be of prime importance.

Recently banks in Oman have welcomed bank guarantees issued by Iranian banks, Seif said.

Prospect of banking cooperation between Iran and Oman is very promising, he added. 

Oman's minister responsible for foreign affairs and his entourage arrived in Tehran on Friday to confer with his Iranian counterpart on issues of mutual interests along with regional developments, he said. 

1430**2050

Follow us on Twitter@IrnaEnglish

 
 
 
 
 
 

 برچسب ها

سياسي 

 

Iran 

 

Oman 

 

CBI 

 
 

 

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