Iranian Rial

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http://www.iran-daily.com/News/170936.html

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Iran says it will stop gasoline imports during the next Persian calendar of 1396 (starting March 21, 2017) in an announcement that could mean the country will soon stand on its own feet in producing the crucial fuel.

Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), told domestic media that there would be no provision in next year's budget bill – currently being drafted by the government – for the import of gasoline. 

This, Kardor said, is because a key gasoline production project – the Persian Gulf Star Refinery – will come on stream by next June with an initial capacity of 12 million liters per day.  

Besides, the official told Mehr News Agency, Iran expects its average consumption of gasoline to increase by only 2 percent within the next few months.

Kardor further emphasized that Iran is currently importing a maximum 5 million liters of gasoline per day. The figure, Kardor emphasized, is half of the amount imported in March.

The Persian Gulf Star Refinery is projected to have a production capacity of 35 million liters of gasoline per day once fully developed, Mehr News Agency added.

Once the project is in full swing, Iran will be able to become an exporter of gasoline, Kardor emphasized.

Iran had to import around 20 million liters per day of gasoline to satisfy a runaway domestic consumption of some 80 million liters per day. However, consumption drastically dropped after the country abolished subsidized fuel allowances for motorists in 2010 – a move that led to an increase in prices of fuel, thus discouraging rampant consumption.

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Iran's gross domestic product is on course to grow 5.0 percent this year and next. 

Iran’s central bank governor has appealed to Asian investors to jump on “unprecedented opportunities” created after the lifting of sanctions on the country.

Valiollah Seif met businessmen from Singapore, Malaysia, South Korea and Australia in the capital of Singapore on Wednesday to outline Iran’s plans for growth and development.  

"The lifting of sanctions has created unprecedented opportunities for investors," Seif told the private seminar of businessmen from Singapore, Malaysia, South Korea and Australia.

He touted Iran’s massive capacities, including its biggest reserves of oil and gas combined. The country has the world's biggest gas reserves and the third largest oil reserves.

Outside oil and gas, Iran’s petrochemicals, steel, copper mining, pharmaceuticals, telecoms, aviation, machinery, tourism, infrastructure and information and communication technology are some of the fields which offer enormous opportunities, he said.

Iran's gross domestic product is on course to grow 5.0 percent this year and next, up from 3.0 percent over the past two years, according to Seif.

The central bank governor's visit to Asia highlights Iran's efforts to get over a raft of banking problems which have hampered the country's trade normalization with the world. 

Months after nuclear sanctions on Iran were supposed to end, Iran’s banking transactions worldwide are facing problems as foreign banks shy away from processing transfers to the country.

Iran says confusing signals from the US have made Western banks jittery about dealings with Iran due to fears of being punished by the American government.

Iran is one of the 20 largest economies in the world on a purchasing power parity basis at $450 billion, with a young and highly-educated population of over 80 million.

Among Asian leaders, Chinese President Xi Jinping visited Iran in January and South Korean President Park Geun-hye in May.

With South Korea, the country signed a number of agreements in the fields of oil and gas, railroads, tourism, and technology when President Park visited Tehran with representatives of 236 companies and organizations.

Japanese Prime Minister Shinzo Abe also plans to visit the Islamic Republic, according to Tokyo-based media, but no date has been set for the trip. Iran and Japan signed an investment pact in February that spells out protection of companies and investment assets.

Meanwhile, executives of 21 companies visited Iran along with Japan’s State Minister of Economy, Trade and Industry Daishiro Yamagiwa in August.

Last month, Iran and Australia signed several agreements to forge closer ties when Australian Trade Minister Steve Ciobo visted Tehran, announcing the dawn of a new age of relationship.

Ciobo led a trade delegation of more than 20 companies, seeking out opportunities in Iran's mining, oil and gas, and other industries.

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CBI governor agrees with Singapore Dy PM on direct banking ties

Kuala Lumpur, Oct 25, IRNA – Governor of Central Bank of Iran (CBI) Valiollah Seif met with Singapore Deputy Prime Minister and Minister of Coordination of Economic Affairs Tharman Shanmugaratnam on Tuesday and reached agreement to begin a new chapter of banking activities.

 

In the meeting, which Iran's Ambassador to Singapore Javad Ansari and a banking delegation from Iran were present, Seif explained existing capacities for expansion of trade and economic relations between the two countries.

He underlined banking cooperation as a prelude for development of economic ties.

Seif said that in case of interest of Singaporean bankers to visit Iran, CBI is ready to help them get familiarized with the latest banking achievements of Iran and remove possible ambiguities about business with Iranian banks.

He invited the Singapore deputy prime minister to visit Tehran and called on Singaporean government to support development of banking cooperation between the two countries.

Shanmugaratnam appreciated Seif for accepting his invitation to visit Singapore and expressed pleasure with outcome of negotiations between the Iranian delegation and Singaporean bankers.

He also underlined necessity for expansion of economic and trade ties between Iran and Singapore in post-sanctions era.

Seif also met with Singapore Central Bank Governor Ravi Menon on Tuesday morning and reached agreement on development of banking cooperation.

In a meeting with senior directors of large Singaporean banks; DBS, OCBC, BTMU and UOB as well as chairman of Singapore banks association, Seif introduced capacities of Iranian banking networks.

He is to deliver speech in first meeting on 'Investment in Iran' on Wednesday.
1391**1416
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• اقتصاد
• Singapore
• Iran
• Bank

Contact Editor-in-chief:  newsroom@irna.ir 

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Central Bank of Iran and the Ministry of Finance and Economic Affairs have finalized the long-awaited banking reform bill, said CBI’s deputy for supervisory affairs, Farshad Heydari, adding that the bill will be sent to the Majlis in the coming days. The official noted that the banking sector is in need of clear regulations to promote its sustainability and financial stability, IRIB news reported Tuesday. Simplifying banking services, improving efficiency, adjusting interest rates with real economic conditions and upholding Islamic banking norms are among the main measures envisioned in the bill. Iran’s Banking Law was approved in 1983 and has never been revised. Last week, Mohammad Reza Pour-Ebrahimi, a senior lawmaker, said that Majlis will pass the bill by the end of current fiscal year (March 2017).

 

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The average goods and services Consumer Price Index for urban areas in the 12 months ending October 21, which marks the end of the Iranian month of Mehr, reached 8.7% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran  The CBI put the inflation rate for the preceding month (Shahrivar), which ended on September 21, at 8.8%, IRNA reported.  The overall CPI—using Iranian fiscal year March 2011-12 as base year—stood at 248 in Mehr, indicating a 0.4% growth compared with the previous month. The index registered a year-on-year increase of 9.3% compared with last year’s similar month.  The CBI report came after the Statistical Center of Iran put Mehr’s inflation at 7.9%.

 

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Creating the necessary grounds for the use of international credit cards in Iran would require at least six months, says an official with the National Informatics Corporation, affiliated to the Central Bank of Iran.

“To bring international credit cards to Iran, we need to prepare technical infrastructure and the CBI has several related projects as part of the ‘2021 Roadmap’, the agent of which will be the NIC,” Seyyed Farshid Ya’soubi said in a talk with IBENA.

Iran has outlined a program for economic growth envisaged in the sixth five-year economic development plan, which ends in 2021.

“The most important component in this section is to create switching capabilities using standardized formats,” added the deputy for investments and corporations at the NIC. “The matter is under review and is being communicated to the relevant monetary and supervisory bodies. It is estimated that the preparations should be finalized in six months.”

On the collaboration between the Ministry of Communications and Information Technology and the Post Bank of Iran to issue Master Cards for Iranians, he said PBI had claimed that it has succeeded in bringing the cards to Iran, “but it was mainly a matter of issuing them as prepaid gift cards that can be reloaded.”

The cards are issued outside the country and delivered to domestic users, he explained, saying it is possible for the applicant’s name to be engraved on the card. “To reload the balance of the cards, a request has to be made at PBI offices and the rest of the process will be done by the bank.”

The official pointed to NFC (Near Field Communication) technology, noting that what often goes unnoticed on this subject is that mobile payment and mobile banking are usually mistakenly used interchangeably. “In mobile banking, the bank is the main focus while in mobile payment, a bank, an operator or another entity can be the focus.”

A week ago, Mobile Telecommunications Company of Iran (locally known as Hamrahe Aval) and Informatics Services Corporation announced a partnership to offer innovative banking and payment solutions on mobile phones. According to the deal, Hamrahe Aval, along with the CBI and the Ministry of Communication and Information Technology, will develop the needed infrastructure for mobile financial services across the country.

NFC and mobile wallet are among the planned services. NFC is a short-range wireless connectivity standard that uses magnetic field induction to enable communication between devices when they’re touched together, or brought within a few centimeters of each other.

Ya’soubi said in today’s banking, risk management is something that demands close attention and risk management is at a low level in small transactions. Therefore, he added, the level of risk management in small transactions using mobile banking differs greatly with other payment transactions that take place on a large scale.

“In mobile payments, speed is always lower when security is strengthened and vice versa, therefore SIM cards that use NFC technology will only establish a link,” he said. “Other matters such as from where the money is drawn, where it is deposited and the level of its security must be reviewed.”

The electronic banking expert stressed that rules and regulations pertaining to payment must also be managed. “Furthermore, there is the matter of the digital signature which has its own certain complications and requires an effective collaboration between the CBI and agent banks to be fully implemented.”

He noted Iran’s electronic banking is mostly lacking in the hardware sector. Although efforts have been undertaken, “it is not enough on its own and that is why we need foreign technology to establish a link with other countries and create an integrated and comprehensive system.”

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The Republican leaders of the US House of Representatives plan a vote as soon as mid-November on a 10-year reauthorization of the Iran Sanctions Act, congressional aides told Reuters on Tuesday, setting up a potential showdown with the White House and Senate.

The Iran Sanctions Act, or ISA, which expires on Dec. 31, allows trade, energy, defense and banking industry sanctions over Iran's nuclear program and ballistic missile tests.

Its fate is one of the major pieces of unfinished business facing lawmakers when they return to Washington on Nov. 14 for the first time after the Nov. 8 elections.

US Representative Ed Royce, the Republican chairman of the House Foreign Affairs Committee, is expected to introduce the 10-year renewal as soon as Congress gets back, aides said.

Congressional aides said a "clean" renewal, meaning unchanged from the current legislation, was likely to pass the House. Its fate in the Senate was much less certain, and a White House spokesman would not say whether President Barack Obama would sign it into law.

Republicans control majorities in both the House and Senate, and every Republican in Congress opposed the international nuclear deal announced in July 2015, in which Iran agreed to curtail its nuclear program in exchange for relief from economic sanctions.

Republicans have since tried repeatedly to pass legislation to clamp down on Iran, accusing Obama of being so eager to burnish his foreign policy legacy that he conceded too much to Tehran in the nuclear talks. Some Senate Republicans want more than a clean renewal of the ISA. They are trying to build support for legislation that would renew it but also do more to target individual Iranians and businesses over the country's ballistic missile tests and what they see as its support for terrorism.

Some senators have also pushed for a law that would eliminate the president's right to waive sanctions for security reasons.

Obama's administration had asked Congress to hold off on renewing the ISA, saying it has enough power to reimpose economic sanctions if Iran violates the nuclear agreement even if it expires.

White House Spokesman Josh Earnest declined to say how Obama would respond to the bill if it passed both houses of Congress and reached his desk. "I won't prejudge at this point whether or not the president would sign that bill," Earnest told reporters traveling with the president in Los Angeles.

"The president and the Treasury Department retain significant sanctions authority that already has been used to impose costs on Iran for their [alleged] flagrant violation of their international obligations," he added. White House opposition to the bill could generate resistance from Democrats in the Senate, making it more difficult for any legislation to garner the 60 votes needed to move ahead.

Because Republicans hold only 54 seats in the 100-member chamber, they would need Democratic support to move any bill.

Renewing the sanctions bill could also increase frustrations in Iran. Iranian officials have been complaining for months that remaining US sanctions have frightened away trade partners and robbed it of too many benefits it was promised under the nuclear deal.

 

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The Export Guarantee Fund of Iran, Iran’s state export credit agency, signed agreements with its counterpart in Germany, Switzerland, Hungary, and Sri Lanka on the sidelines of Berne Union Annual General Meetings in Lisbon, Portugal

Kamal Seyyed Ali, EGFI’s managing director, held meetings with officials from Germany’s Euler Hermes on Tuesday, where the two bodies agreed to enhance cooperation on business data exchange, coinsurance, reinsurance and training, the EGFI public relations office told the Financial Tribune.

 An agreement was also signed between EGFI and Switzerland’s SERV on Tuesday.

Serve had also reintroduced its coverage for Iran right after the sanctions were removed in mid-January.

Seyyed Ali also signed agreements with Hungarian ECA Menhib and Sri Lanka’s Export Credit Insurance Corporation, SLECIC.

On the sidelines of the meetings, Seyyed Ali said that European ECAs have been visiting Iran since the lifting of the sanctions in January.

“We have always made good on our financial commitments and have enough foreign exchange resources, making European ECAs interested in restarting relations with Iran.”

He also said that EGFI is trying to use its potentials for luring more foreign investments.

“At the moment, most of the countries in the [Middle East] region are insecure and instable. Iran is more stable and secure compared with other regional states, which helps lower the risk and the cost of doing business with the country,” according to Seyyed Ali.

Euler Hermes in a press release Tuesday referred to Iran and Germany’s successful partnership before the sanctions, noting “the current cover demand shows that the level of trade can be upgraded to the pre-sanctions level.”

“Since June 2016, the federal exporters and banks have been supported with Hermes guarantees for doing business with Iran.”

Hermes also noted that with a total annual coverage of €1-€2 billion, Iran was one the top destinations for exporting German goods and services especially in industries like automotive, petrochemical, renewable energy, medical infrastructure and healthcare

“Iranians prefer German goods and knowhow,” the body said.

The EGFI is expanding ties with various export credit agencies (ECAs) and has held talks with institutions across the world, including the United Kingdom Export Finance (UKEF), Japanese Nippon Export (NEXI)and Investment Insurance Export Credit Guarantee Corporation of India(ICGC), South Korea’s K-Sure, and Italy’s SACE.

The body has also signed agreement with ECAs from Russia, South Africa, Turkey, Austria, Finland, Norway, Sweden and Australia.

The Berne Union Annual General Meetings in Lisbon began on October 24 and will run through October 28.

Caption: EGFI and Germany’s Euler Hermes agreed to enhance cooperation on business data exchange, coinsurance, reinsurance and training.

 

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http://www.presstv.com/Detail/2016/10/26/490756/Iran-investment-Asia-seminar-central-bank

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Iran has signed initial agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe, IRNA news agency says.

The Export Guarantee Fund of Iran (EGFI) signed the agreements in Lisbon on the sidelines of the annual meeting of Bern Union, an association of private and state export credit insurers from around the world, it reported Wednesday.

Under the agreement, the Iranian and European sides will cooperate on “exchange of economic, trade and banking information, reinsurance coverage, coinsurance, and training.”

IRNA quoted EGFI Managing Director Kamal Seyyed-Ali as saying that European export credit insurers were increasingly interested in financing projects after the lifting of sanctions on Iran.

“Given our good track record in repayment of finance installments and Iran’s foreign exchange reserves and the nonexistence of outstanding debts, these institutions are interested in the Iranian financing market despite the problems created by the US Treasury,” he said.

Banks and financial institutions are holding back on moving into Iran because they are fearful of falling foul of American sanctions against the Islamic Republic.

Iran paid off its debt of about 500 million euros to Hermes, Iranian Ambassador to Berlin Ali Majedi said in June, clearing the way for resumption of insurance services.

Hermes, which extends insurance coverage to Iranian exports, has been encouraging German banks to normalize ties with Iran.

Last month, the Central Bank of the Islamic Republic of Iran (CBI) said Austrian export credit agency OeKB had raised its cover for Iran transactions to 1 billion euros.

Raiffeisen Bank and Erste Bank from Austria along with banks from Italy, Switzerland, Germany, Turkey and Belgium have set up shop in Iran, handling transactions with the energy-rich country while major banks have stayed away.

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Economy

TEHRAN, Oct. 26 (MNA) – Iran’s deputy has announced that 400 to 500 aeroplanes will be added to the country’s aviation fleet within eight years.

Speaking at a meeting with the Finnish Minister for Foreign Trade and Development Depyty Kai Mykkänen in Tehran, Minister for International Affairs at the Ministry of Road and Urban Development Asghar Fakhrieh Kashan said negotiations over plane purchase with Airbus and Boeing are still underway; “in case contracts to buy aircraft with ATR, Brazil and Canada become finalized, a total of 400 to 500 planes will furnish the Iranian fleet.”

“Iran’s demand for aircraft has created an excellent opportunity for European countries to enter into aviation deals with Iran,” he continued.

The official enumerated a number of areas for collaboration in marine, land, air and building sectors; “the Finnish have voiced readiness to bolster ties with Iran and they have agreed to present outcomes of bilateral ties in near future.”

“The European country has also called on Iran to connect its railway grid to Russia and later to Finland,” underlined Iran’s deputy roads minister.

 

HA/3806686

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Thursday, October 27, 2016

Bank Saderat Sanctions Relief a Major JCPOA Outcome 

 

Alawmaker praised a recent decision by Britain's Treasury to remove sanctions on Bank Saderat PLC and its London-based branch as a major step toward the implementation of the 2015 Iran nuclear deal.

"The release of Bank Saderat's assets in Europe is a very important step toward carrying out the JCPOA terms," Valiollah Nanvakenari added in an interview with ICANA on Wednesday. JCPOA stands for the Joint Comprehensive Plan of Action, the formal title of the nuclear accord, which has been in effect since Jan. 16 to ease sanctions against the Islamic Republic in exchange for rolling back its nuclear program.

"We hope that the decision will not remain just on paper and will be implemented as soon as possible," Nanvakenari said.

The UK Treasury's Office of Financial Sanctions Implementation said Monday in a brief notice that Britain removed its sanctions on Iran-based Bank Saderat, as well as London-based Bank Saderat PLC, the Wall Street Journal reported.

It did so, according to the notice, because a European regulation published in April, following the implementation of the nuclear deal with Iran, held that sanctions would remain on the bank until Oct. 22.

"As that date has now passed, Bank Saderat Iran and Bank Saderat PLC are no longer subject to the restrictive measures set out in the regulation, including the asset freeze," the notice said.

An undated statement on the London-based bank's website referred to the imposition of sanctions in 2010 as occurring due to its Iranian ownership and not for violation of UK or European laws. Saderat, according to its website, was founded in 1952 and operates the largest banking network in Iran.

Europe imposed sanctions on Saderat because of its alleged involvement in Iran's nuclear program. The bank remains under US sanctions.

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Bank Saderat Iran welcomes EU lifting of banking sanctions

Tehran, Oct 27, IRNA – Bank Saderat Iran has announced that the report on elimination of banking sanctions opens a new outlook to all beneficiaries and shareholders of the bank.

 

Public Relations Department of the Bank Saderat Iran said in a statement on the occasion of removal of sanctions by the EU Executive Council that international sanctions along with other difficulties had created unsolvable problems for the bank.

It said thanks to the prudence and guidelines of the Supreme Leader and efforts of President Rouhani's Government, the knots were untied as a result of enormous talks with various EU officials and consecutive legal arrangements.

It added that thanks God Almighty, in light of efforts of the bank staff, especially those of the branches and representative offices overseas, the lifting of sanctions against the international branch of Bank Saderat Iran and the London office, opened a new chapter.

Lifting of blocks on assets of the country’s major stock bank, which alone has more than half of the Iranian banking system abroad, is promising and helpful for both beneficiaries and the entire body of Iranian economy, said the statement. 

1420**1771

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Singaporean businessmen urged to invest in Iran

Kuala Lumpur, Oct 27, IRNA - Iranian Ambassador to Singapore Javed Ansari says conditions in Iran after the removal of sanctiosn are fovourable and the opportunities for trade are unending.

 

Addressing the 1st Iran Investment Summit held in Singapore on Wednesday, the amabssador said Iran is the 29th largest economy globally with huge reseves of gas and oil and the economy and industry of Singapore can be a complementary to that of Iran in various ways. 

The following is the full text of the ambassaoor's speech:  

His Excellency Dr Valiollah Seif, Dr Ahmad Jamali, respected officials and delegates – welcome and thank you for being here today.

It is heartening to know that today we have representatives not just from Singapore, but from Iran, Hong Kong, Malaysia, Indonesia and even Australia. We are glad you could join us and make the 1st Iran Investment Summit in Singapore, organised by MillionaireAsia, in collaboration with Basio Consultants & Services (Hong Kong), a success. That many of you have travelled long distances to be here serves to remind us all just how important and fruitful good trade relations are to both the economy and business community.

Speaking as a representative of the Islamic Republic of Iran, we have been fortunate to have had many years of close relations with Singapore that have been marked with mutual respect, warm political relations, and a fair size of trade. While the sanctions on the Iranian banking and industrial sectors did hamper this growth, the recent lifting of these sanctions, the execution of the Joint Comprehensive Plan of Action (JCPOA), and the signing of the bilateral investment treaty in February has allowed us to see increasing economic and cultural exchanges between Singapore and Iran.

As many of you here would know, Iran is the 29th largest economy globally, holding the world’s second biggest gas reserves and fourth largest oil reserves. Some important numbers to look at is a GDP of approximately USD400 billion spread over a population of 80 million and such GDP is expected to have a growth of at least 4.5% further next year. After a few years of relatively-high inflation, this year Iranians are experiencing single-digit inflation, marked by greater ease in transfer of foreign currencies, opening LCs, operational connection to the SWIFT network. The current period of economic recovery is marked by lower cost of trade, lower banking rates and 2 faster growth of import/export activity. Over 60% of Iran’s local workforce is estimated to be below 30 years of age and highly educated by any standard
norm, including IT and foreign languages. 

With these statistics in mind, Singapore’s economy and industry is complementary to that of Iran in numerous ways. Marine industries, for example, form a vast area of interest. Apart from the aggressive growth of oil and gas related offshore opportunities, Iran is also looking to expand its shipping fleet, which is an area that would welcome the cooperation of Singaporean companies for maintenance of rigs and vessels, among other things. Back on land, other large areas ripe for foreign investment include water desalination, irrigation technology and hydro-transfer projects.

Conversely, Singaporean companies can represent Iranian exporters of energy commodities, dried fruit, bitumen and petrochemical products in the SEA region. The cooperation grounds are also vast in soft commodities, power generation and engineering services.

As you will find out in the course of the day, the opportunities for trade are unending, and the time is now. It is my sincere hope that all of you here today will be able to find useful solutions to augment your business and form partnerships that will take you far in actualizing this long and historic relationship between our nations.
I would like to thank His Excellency, Dr Valiollah Seif, Governor, Central Bank of the Islamic Republic of Iran for gracing the Summit as Keynote Speaker.
My thanks also go to MillionaireAsia for taking the initiative to organize the event together with Basio Consultants & Services (Hong Kong).

Thank you and I wish you all a busy and productive summit ahead.

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[Freedomwish]

Hey just wanted to say thanks as always Screwball....

Hey, what's everyone's take on Yota's latest post here? 

 

Edited October 27, 2016 by Freedomwish

[jaman]

I'd like to say thanks as well and for all you have done,,,Great reading all the articles and still wonder if the 

Bank Saderat Iran welcomes EU lifting of banking sanctions

have they set a rate for trade?

[climber7]

 

So, to be specific, what is the key event we're looking for for iran to rv?  

The total lifting of sanctions? Something else? What is the key event that will launch it? 

[pokerplayer]

59 minutes ago, climber7 said:

 

So, to be specific, what is the key event we're looking for for iran to rv?  

The total lifting of sanctions? Something else? What is the key event that will launch it? 

Great question climber7. Looking forward to this answer if possible as well.

pp

[climber7]

41 minutes ago, pokerplayer said:

Great question climber7. Looking forward to this answer if possible as well.

pp

 

Yep, would definitely like some clarity on that. 

 

Need some encouraging.....

[climber7]

 

No news is good news......??

[jaman]

1 hour ago, climber7 said:

 

No news is good news......??

 

I think I took it for Granted...every day you'd see a post from Screwball on the Daily acceptance from other countries wanting to do Business with Iran...waiting for the US to lift the Last financial obligations of the Deal so Iran banking can talk to other banks.....SSOOooooooo we Wait.

Thanks again Screwball for ALL You do 

[Freedomwish]

5 hours ago, jaman said:

I think I took it for Granted...every day you'd see a post from Screwball on the Daily acceptance from other countries wanting to do Business with Iran...waiting for the US to lift the Last financial obligations of the Deal so Iran banking can talk to other banks.....SSOOooooooo we Wait.

Thanks again Screwball for ALL You do 

Yup. 

[screwball]

On 29 October 2016 at 3:28 AM, pokerplayer said:

Great question climber7. Looking forward to this answer if possible as well.

pp

Banking reform bill, has passed draft went back to economic committee was supposed to presented back to majlis for vote in a couple of days. 

Remember budget is supposed to  have new rate!

[screwball]

6 hours ago, jaman said:

I think I took it for Granted...every day you'd see a post from Screwball on the Daily acceptance from other countries wanting to do Business with Iran...waiting for the US to lift the Last financial obligations of the Deal so Iran banking can talk to other banks.....SSOOooooooo we Wait.

Thanks again Screwball for ALL You do 

Yes same old news looking for those Artices that make you want to have a drink! Looking for banking reform bill! And budget and any articles talking about single rate! I check all day every day...I will also post articles about us sanctions. Off late it's all been about agreements with neighbouring countries!