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Iranian Rial


VIZIOIRAQI
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41 minutes ago, millionaire in training said:

Who much would that be??????

Too much to think about durin ww2 according to above in law one rial equals 4 grams of silver. four grams of gold would be rediculous! Maybe back during the war it was a basket including gold and silver?... Who knows but the rate of 2.00 puts it where I believe it will come kick off at!

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16 minutes ago, screwball said:

Too much to think about durin ww2 according to above in law one rial equals 4 grams of silver. four grams of gold would be rediculous! Maybe back during the war it was a basket including gold and silver?... Who knows but the rate of 2.00 puts it where I believe it will come kick off at!

WOW.....:blink:

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News ID: 3792842 - Tue 11 October 2016 - 13:56
TEHRAN, Oct. 11 (MNA) – IMF President Christine Lagarde has promised to launch consultations with US authorities to remove barriers on cooperation between international and Iranian banks.

Meeting with Iran’s Economy Minister Ali Tayebnia on the sidelines of the annual World Bank summit in Washington DC., President of the International Monetary Fund (IMF) Christine Lagarde pointed to persistence of certain barriers to cooperation between major international banks and Iranian banks asserting “negotiations will be held with US officials to remove obstacles and expedite bolstering of Iran’s ties with international monetary institutions.”

She further touched upon IMF’s plan to launch a fresh round of collaborations with Iran saying “proposals for cooperation will be made to Iran over various areas like training and exchange of experience and technical knowledge with other states.”

Also at the meeting, Iran’s Tayebnia said Iran has started infrastructural and structural reforms within the framework of Resistance Economy as economic roadmap.

He reiterated that the results of these reforms are slowly showing themselves and the successes of the 11th government in reducing and controlling inflation rate as well as crisis management of sharp decline in oil prices are the outcome of proceeding with the same policy.

Tayyebnia pointed to the recent report by the IMF on Iran’s economy saying “the recent IMF report has appositive approach towards Iran’s economy and it has managed to help the government succeed in implementing some of its programs.”

He also touched upon the especial condition of the region which is entangled with the scourge of terrorism with poverty remaining as its main root; “we hope that policies pursued by IMF will increase welfare of people in the region and similar areas by removing poverty.”

Later at the meeting, IMF President Lagarde expressed satisfaction towards meeting with Iran’s highest-ranking economy official after two decades and appreciated Iran’s achievements in controlling inflation and confronting consequences of low oil prices.

She further confirmed Tayebnia’s comments of roots of terrorism and referred to IMF’s new plans in this regard calling for relevant cooperation with Iran.

 

HA/3792662

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News ID: 3792907 - Tue 11 October 2016 - 15:56
TEHRAN, Oct. 11 (MNA) – Vice-President of World Bank (WB) has voiced satisfaction towards advancements in Iran’s macro-economy.

Kyle Peters, World Bank's Vice President for Operations Policy and Country Services (OPCS), outlined the talks with Iranian Economy Minister Ali Tayebnia on the sidelines of World Bank-IMF Annual Meetings 2016 in Washington DC. as breakthroughs in Iran’s economic collaborations with the world.

The World Bank official pointed to the launch of new ties between the international organization and Iran in the past six months saying “we have defined new framework of cooperation with Iran while including Tehran’s stance and we hope that relations will rise soon from consultation level and technical assistance to financial cooperation and loan provision for infrastructure projects of Iran.”

He further promised that the roadmap for cooperation with Iran will be quickly revised in order to achieve practical plans for offering financial facilities.

Iran’s Tayebnia, for his part, pointed to ending of international sanctions stressing “Iran’s holds a long history of cooperation with the World Bank while in the new round of ties, we urge taking advantage of all capacities to help with structural economic reforms on the basis of domestic policies.”

The Iranian economy minister went on to delineate the latest status of the country’s economy; “Iran remains a founder and major share-holders of the World Bank and expects the international financial institution to fulfill its obligations and expedite new collaboration to compensate for periods of enforced inactivity.”

“Iran hold a positive view towards international cooperation though it act according to its national requirements,” he continued.

Speaking at a separate meeting with Chief Executive Officer and Executive Vice President of International Finance Corporation (IFC) Philippe Le Houerou, Economy Minister of Iran Ali Tayebnia mulled over strengthening of the private sector and exploiting IFC’s capabilities to finance Iranian projects.

HA/IRN82264054

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10/11/16

U.S. Treasury Seeks To Reassure Banks Wary Of Dealing With Iran

Source: RFE/RL

The U.S. Treasury is seeking to reassure banks that have been unwilling to do business with Iran, but Tehran says the effort has not gone far enough. New guidance issued over the weekend after months of complaints from Tehran clarifies that non-U.S. banks can do business with Iran in U.S. dollars, provided those transactions don't pass through financial institutions in the United States.

US-Treasury-Department.jpg
The U.S. Treasury Department
 

A Treasury spokeswoman said on October 10 that the department is not providing new sanctions relief but is clarifying how remaining U.S. sanctions on Iran are applied to deals authorized by last year's nuclear agreement.

Tehran charged that the guidelines do not go far enough to dispel worries among businesses that dollar transactions, even if initially made offshore, will eventually transit through American banks and violate U.S. sanctions.

Those worries have prevented most Western banks from resuming business with Iran to date.

"The problems that existed before are still there," Iranian minister Hossein Ghazavi told the Iranian Students News Agency.

"Previously...non-American financial institutions could not have 100 percent confidence that while providing brokerage services, creating accounts, or maintaining U.S. dollars for Iranian banks and customers, they wouldn't face unpredictable risk. This ambiguity has still not been resolved."

Based on reporting by AP and Reuters


Copyright (c) 2016 RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036. www.rferl.org

... Payvand News - 03/25/16 ... --

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On 10/11/2016 at 0:43 PM, gixxerfrog said:

Could you show us a link showing this....also what the heck is the "swift codes'?

A SWIFT code (or SWIFTBIC, as it’s sometimes known) is a code that helps overseas banks identify which bank to send money to. For example, if an overseas bank is sending to a payment to your Barclays UK account, they’ll need to know our SWIFT code: BARCGB22.

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2 hours ago, jaman said:

A SWIFT code (or SWIFTBIC, as it’s sometimes known) is a code that helps overseas banks identify which bank to send money to. For example, if an overseas bank is sending to a payment to your Barclays UK account, they’ll need to know our SWIFT code: BARCGB22.

 

Jaman

we know what a swift code is--we were looking for a link regarding your statement Iran will go 'live' with them this Sunday night.....

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21 minutes ago, climber7 said:

 

Jaman

we know what a swift code is--we were looking for a link regarding your statement Iran will go 'live' with them this Sunday night.....

I have been doing some web surfing looking for this and can't seem to find anything relevant to a " live Sunday ". That doe's not mean there is not one, just that we need Jaman to point us in the right direction so we can read it ourselves.

pp

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5 hours ago, climber7 said:

 

Jaman

we know what a swift code is--we were looking for a link regarding your statement Iran will go 'live' with them this Sunday night.....

 

sorry got excited and cut and pasted and it was part of the sentence but couldn't edit it

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