Iranian Rial

[Freedomwish]

19 hours ago, screwball said:

He added that the US dollar has an insignificant share in Iran’s foreign exchanges and that the alternative to the dollar should be what would suit the country's trade with its current key partners such as the European Union member states, China and the United Arab Emirates. 

 

Dubai anyone?

Just let us know when we need to buy our plane tickets and book our rooms at that Grosvenor House Luxury Hotel!!  I'm in!!

5 hours ago, screwball said:

Not many comments on the above article mus be all liquored up!

I ummm......just saw a video link in an other post where I believe that we're not allowed to share outside the forum because it's in the VIP section that gave me the chills.....and I didn't get urge to drink after I saw it.  I put my shot glass down to calm my goosebumps.  

This thing is coming folks.  One way or another, it's gonna happen. 

[screwball]

Goood video or bad? What was it about?

[screwball]

I am excited for Dubai....getting my ready might even drink whiske with you! Lol...I am normally a rum drinker!

[screwball]

We are going to get so smashed in their bars and buy ourselves some luxurious presents 

[screwball]

Tehran to receive 2 new airbus jetliners within a month

1. Economy

February 1, 2017

 

TEHRAN- Iranian Transport Minister Abbas Akhoundi announced that two new Airbus jetliners will be delivered to the Islamic Republic of Iran within four next weeks, Tasnim news agency reported on Tuesday.

As he said, the first plane (Airbus A321) that Iran had purchased from the European aviation giant Airbus landed in Tehran’s Mehrabad airport on January 12 and the two other new jetliners will arrive in four weeks.

 

interesting timing...march? Anyone guess why?

[screwball]

Iran, France shore up trade, sign deals

1. Economy

January 31, 2017

 

TEHRAN- Iran and France took another step to boost cooperation in different fields of economy by signing five agreements at the end of a business forum in Tehran on Tuesday. 

The agreements, signed at the place of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), included cooperation on developing Mashhad International Airport, establishing a bioethanol plant, expanding fish farms, and holding pilot training courses in Iran.

French Foreign Minister Jean-Marc Ayrault, his Iranian counterpart Mohammad Javad Zarif, and ICCIMA Chairman Gholam-Hossein Shafeie attended the signing ceremony.

Ayrault was accompanied by 100 delegates including some top officials from well-known companies such as Airbus, Alstom, and Total as well as several representatives from French companies active in metallurgy, construction, banking, information technology (IT), steel industry and etc.

Some 250 Iranian private sector’s entrepreneurs took part in the forum, too.

200% rise in economic co-op 

During the past year, economic ties and collaboration between the two sides has witnessed a 200-percent increase, the French foreign minister said during the forum.

Underlining the positive impact of Iran’s sanctions’ removal on enhancement of Frances ties in the past year with Iran, Ayrault voiced his country’s readiness to transfer knowledge and provide technical and engineering services for Iran’s renewable energy sector, and implement various projects including those in railway transportation and those for expansion of ports in the Islamic Republic.

Iran-France business forum is a turning point in the two countries’ economic relations, he asserted.

Bolstering bilateral trade

The Iranian foreign minister, for his part, vowed that his ministry will pave the way for development of bilateral ties between Iran and France, adding that Iran-France bilateral trade stood at €1.7 billion during January-November 2016, becoming three-folded, compared to the same period in 2015. 

He, however, did not express content about the current trade volume saying that it does not accord with the two countries’ potentials.

Removal of banking barriers 

As ICCIMA head said, both sides believe in removing impediments on development of mutual banking ties as the most significant factor in improvement of Iran-France trade bonds.

“Iranian and French companies can cooperate in various sectors namely infrastructure, construction, medicine, medical instruments, transportation, environment, etc,” he added. 

HJ/MA/MG

[screwball]

Asia's Dec. imports of Iranian oil more than double on year

1. Economy

January 31, 2017

 

Imports of crude oil by Iran's four major buyers in Asia more than doubled in December compared with the same month a year earlier, for the third straight month, with purchases by South Korea up sevenfold and India's more than three times higher.

Iran's top four Asian buyers - China, India, South Korea and Japan - imported 1.89 million barrels per day (bpd) last month, data from governments and ship-tracking services showed.

In absolute terms, imports slipped for a second consecutive month, from a peak of just under 2 million bpd in October, which was the highest since at least 2010, according to data by International Energy Agency.

Iran was exempted from an OPEC deal in January to reduce output by 1.2 million bpd, a boon for Tehran which had argued it needs to regain the market share it lost under Western sanctions targeting its nuclear program. Across the first full year since the sanctions were lifted,

Iran has boosted exports to its biggest Asian customers by nearly 60 percent to 1.63 million bpd. The country has been offering discounts to buyers in return for increasing their purchases, industry sources have said. Iran's crude oil imports cost Japan an average $43.87 a barrel for December, the third cheapest after Ecuador and Columbia, trade data from Japan's Ministry of Finance showed on Monday. 

Japan's trade ministry on Tuesday released official data showing its imports jumped more than 40 percent from a year earlier to 246,243 bpd last month. China's imports rose 30 percent to 689,530 bpd, meaning the country regained top spot among consumers after buying less than India for three consecutive months.

India's imports grew to 546,600 bpd, while South Korea's purchases rocketed to 410,387 bpd. Iran's total monthly oil exports are set to climb slightly in February from January, as Indonesia takes its first shipment since sanctions were lifted, a person with knowledge of Iran's tanker loading schedule told Reuters last week. January exports were set to fall to the lowest since July at about 2.16 million bpd, with February loadings likely to be just over 2.2 million bpd, according to the person, who spoke on condition of anonymity.

[screwball]

Iran, Luxembourg to ease visa conditions

1. Politics

February 1, 2017

 

TEHRAN – Tehran and Luxembourg plan to take measures to ease the issuance of visas for the two countries’ travelers, a senior official with the Iran-Luxembourg Chamber of Commerce and Industry (Iralux) has said.

“Companies everywhere in Europe, even in America, are pushing, lobbying in favor of relaxing sanctions or removing all of the barriers to be able to work with Iran,” Mahmoud Kouchesfahani, the executive board member of Iralux underlined during an interview with Delano news website on Monday.

[screwball]

All JCPOA signatories must remain committed to obligations: Rouhani

Iranian President Hassan Rouhani says all signatories to the landmark nuclear agreement between Iran and the P5+1 group of countries must completely fulfill their commitments under the deal.

In a meeting with French Foreign Minister Jean-Marc Ayrault in Tehran on Tuesday, Rouhani said the nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA), was an “important event on the international scene,” adding, "The message of this deal for the world was much more important than its text."

“The JCPOA carried the message that complex international issues can be solved through dialogue and within the framework of a win-win approach,” the Iranian president stated.

He urged all countries to protect and promote the deal “because any damage to it can convey this dangerous message to the world that diplomacy is not capable of solving problems.”

Rouhani said the JCPOA created an appropriate opportunity for bilateral cooperation and regional and international interaction.

“As verified by the International Atomic Energy Agency (IAEA), Iran has fulfilled all its obligations [under the JCPOA] and all [other] sides must also make efforts to implement its contents without any lapse or delay,” he pointed out.

Iran and the five permanent members of the United Nations Security Council - the United States, France, Britain, Russia and China - plus Germany signed the JCPOA on July 14, 2015 and started implementing it on January 16, 2016.

Under the nuclear agreement, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.

Since the implementation of the JCPOA, the IAEA has confirmed Iran’s compliance with its obligations under the nuclear agreement in several reports.

Read more: 

• IAEA confirms Iran’s removal of excess centrifuges from Fordo site

Need for global cooperation on terror fight

The Iranian president further stressed the importance of strengthening cooperation among all countries across the world in the fight against terrorism.

Iran, as a victim of terrorism, is at the forefront of the battle against this vicious phenomenon in the region, he said, adding that France can also play a key role in this regard and help promote stability in the region.

Referring to the campaign of the Syrian government and nation against terrorist groups, Rouhani said, “As we have emphasized since the outset of the Syrian crisis, it has no military solution and must only be settled through political approaches.”

He called for dispatching humanitarian aid to Syria, reconstructing the war-ravaged country and fighting terrorist groups, particularly Jabhat Fateh al-Sham, formerly known as al-Nusra Front, and Daesh Takfiri groups while safeguarding Syria's territorial integrity.

The Iranian chief executive said Syria also needed a political change, which should be carried out only by its own people.

The Syrian army troops and allied fighters have been fighting against different terrorist groups wreaking havoc in the Middle Eastern country since 2011, and have made sweeping gains against Takfiri elements across the country.

Syrian President Bashar al-Assad on Tuesday hailed the will of his countrymen as one of the major factors helping the Arab country survive the foreign-sponsored conflict over the past six years.

[screwball]

As I said they are well within their right to conduct missile tests, no breach!

Iran needs no foreign permission for missile tests

Iranian Deputy Foreign Minister Seyyed Abbas Araghchi underlined that Iran does not need any permission for its missile tests and national security reinforcement.

Speaking during a press conference in Qom on Tuesday afternoon, Araghchi in response to a question about US failure to commit its obligations to JCPOA, said Iran is able to reverse its commitments under a final nuclear deal in case the other side has breached commitments.

“Whenever Iran feels the other side has not honored its commitments, the reversibility of Tehran’s nuclear program will happen immediately,” he said.

Underlining US breach of the deal since the very first days of the deal, Araghchi said under the act of the Parliament, we have to bring the country's nuclear program to enrichment in the shortest time possible and we will continue on this path.

“While such reversibility for them requires the case to be sent to the Security Council and going through those processes in a long run, for us, it could happen immediately,” deputy FM reiterated.

Pointing to President Trump’s phone call with King Salman and suggesting stricter and more exact enforcement of JCPOA, Araghchi said we do not have such a concept on the basis of our coordination in JCPOA, which highly regards constructive relationship along with implementation.

“All sides have committed to refrain from taking any action that would halt successful implementation of JCPOA, and Iran rejects any act in contradiction with written and agreed obligations,” Araghchi noted.

Deputy foreign minister said Iran’s economy has seen tangible progress with sanctions relief; oil sanctions are lifted and oil money is returned to the country.

Araghchi, given the latest comments by some US officials on Iran's missile program calling it violation of JCPOA, asserted that Iran would continue its missile and defense prorams powerfully as security is its priority and does not need any country's permission in this regard.

[screwball]

Iran, France sign 5 MoUs on economic coop.

News ID: 3893214 - Tue 31 January 2017 - 15:11

Economy

TEHRAN, Jan. 31 (MNA) – Iran-France business forum that was held Tue. in Tehran with foreign ministers and private sector representatives in attendance, concluded with the signing of 5 documents for joint cooperation.

The five memoranda of understanding signed between the economic actors of the two countries include a document of cooperation on development of Mashhad Airport, a document on construction of a bioethanol factory in Kermanshah, and two documents in the field of fisheries with the aim of producing caviar and technology transfer for sturgeon pisciculture.

Another MoU was signed between Alborz Chamber of Commerce and a French company on holding aviation training courses and pilot training for Iran and regional countries.

During the forum, Vice-President of MEDEF International Thibault de Silguy said “these meetings provide the opportunity to establish closer relations for economic, technical and scientific cooperation.”

Stressing that French companies are not merely seeking presence in Iran’s domestic market, he added “the majority of French companies seeking cooperation with Iran have targeted joint cooperation for regional activities and education through Iran. Iran’s chamber of commerce can play a significant role in bringing the private sectors of both countries closer than ever.”

He further deemed the MoUs signed in the presence of Iranian and French presidents a turning point for improvement of economic relations between the two countries after the implementation of Iran nuclear deal.

“With removal of obstacles caused by international sanctions, there is now ample opportunities for industrial cooperation with Iran,” he said, adding the level of cooperation with Iran will further increase in the future. 

MS/3893080

[screwball]

Iran owns world’s largest tanker fleet

News ID: 3893754 - Wed 1 February 2017 - 09:20

Economy

TEHRAN, Feb. 01 (MNA) – NITC managing director, while noting that Iran possessed the largest tanker fleet in the world, expounded on plans to renovate and expand the existing squadron.

New Managing Director of the National Iranian Tanker Company (NITC) Sirous Kianersi made the remarks saying “presently, capacity of vessels belonging to NITC has climbed to over 15.5 million tons per year.”

He reiterated that NITC owned that world’s largest crude oil tanker flotilla and touched upon expansion of the country’s fleet in the post-JCPOA era asserting “in the era emerged following removal of international sanctions, Iran’s tanker fleet have directly served the National Iranian Oil Company (NIOC) for crude oil exports.”

The official emphasized that given the removal of sanctions and certain limitations, a number of Iranian tankers have been lent out to giant European oil companies like Spain’s Cepsa, Eni of Italy as well as the Netherlands; “nevertheless, renewal and development of the current tanker fleet has been put on the agenda.”

When asked whether domestic manufacturers possessed necessary capabilities for building new tanker ships, Kianersi explained that expansion of tanker fleet would be carried out on the basis of Resistance Economy policies.

NITC head said domestic capacities will be exploited in case Iranian manufacturers are able to build ships in accordance with international standards; “in order to commute in uncharted waters, oil tankers need to enjoy certain mandatory standards which should be taken into account by domestic ship builders.”

Sirous Kianersi also pointed to influence of the plunge in crude prices on revenues of Iranian tankers stating “the decline in oil prices has undoubtedly lowered earnings of NITC.”

Referring to the emergence of a crisis in transport of crude since global oil prices plummeted, he reiterated that “overall, incomes of NITC have been reasonable in the meantime.”

NITC managing director has recently reported on signing 35 lease contracts for lending out Iranian tankers to several European oil firms.

[screwball]

Iran ready for sustainable economic coop. with Europe

News ID: 3893164 - Tue 31 January 2017 - 14:19

Politics

TEHRAN, Jan. 31 (MNA) – Foreign Minister Zarif said Iran, as a reliable and stable partner, was ready to conduct sustainable economic cooperation with Europe, France in particular.

During a joint meeting with his French counterpart Jean-Marc Ayrault on Tuesday morning in Tehran, Foreign Minister of Iran Mohammad Javad Zarif welcomed the French delegation who landed in Iran on a historical day; “38 years ago this time, Imam Khomeini, who had been a guest to the French people, returned home and marked inception of the Islamic Revolution.”

He commemorated memory of Imam, martyrs as well as the friendship between Tehran and Paris; “it remains an honor for me to attend a session with Iranian and French entrepreneurs.”

Zarif later praised the positive and forward-looking attitudes held by Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafei and the French FM Ayrault reassuring that Iran holds similar views on expansion of multilateral ties with France in various economic, cultural, scientific and technological fields in addition to political areas, regional cooperation as well as the fight against terrorism.

He recalled that the first session of Joint Economic Commission, as an outcome of President Rouhani’s earlier visit to Paris, will be held on Tuesday afternoon; “the event, above all, indicates firm political determination of the two sides for elevation of bilateral relations especially in economic areas.”

Mohammad Javad Zarif said eye-catching developments were made in economic ties of the two countries as the volume of trade turnover between Iran and France experienced rise by three times following implementation of the Joint Comprehensive Plan of Action (JCPOA) and climbed to over 1.7 billion euros.

He reiterated that Tehran and Paris held necessary potentials to further boost the figure expressing hope that post-JCPOA capacities would provide new opportunities for reinvigoration of bilateral ties..

“Iranian and French economic activists are able to deepen existing ties thanks to the present security in Iran,” he continued.

The official noted that foreign ministries of both sides were obliged to pave the path for stronger ties by providing necessary political and economic grounds.

Mohammad Javad Zarif went on to add that entrepreneurs, traders, businessmen, industrialists and private sector officials were to shoulder the main responsibility in strengthening mutual cooperation.

Iran’s FM emphasized that the process of economic cooperation with foreign countries was faced with numerous challenges especially in view of political developments in the US and Europe; “nevertheless, Iran, as a reliable and stable partner, is willing to conduct long-term economic cooperation based on mutual interest with European countries especially France given the age-old history of ties between the two states.

He underlined that the Islamic Republic of Iran would support economic activists of the private sector given their significant and key position; “eccentric and endogenous economy marks the main axis of economic development in the Islamic Republic for decades to come.”

Later into his remarks, FM Zarif enumerated numerous advantages of Iran for economic cooperation the most important of which being its unparalleled security resulting from people’s trust and their active participation in political, economic and technological arenas.

“Extremists in the region have failed in their efforts to disturb Iran’s security as well as that scientific and economic dynamicity of Iran has been immunized against possible external pressures.”

He said other noteworthy features included rich natural resources, geographic position, transit capabilities, well-educated young population, significant scientific progress, rapid national development as well as market’s ability in management of economic crises.

He voiced satisfaction that, along with France, Iran had taken first steps towards production aimed at exports to global markets; “hopefully, joint productions of Iran and France will soon be released to domestic and international markets.”

Iran’s foreign minister recalled that rate of inflation was reduced from over 42% to lower than 9% as well as that economic growth rate of about 7.4 per cent was promising to bright prospects for the country’s economy.

 The official underscored that majority of achievements were obtained during cruel sanction years which indicated reliability of Iran’s economy given the country’s trust in people for security, development and progress.

“Within framework of the Sixth National Development Plan, our priorities include oil and gas, petrochemical, transportation and transit, science and technology, knowledge-based industry, mining industry, water resource development as well as environment among the others.”

The official said these areas offered proper capacities for development of cooperation with other countries especially France who has a good presence in Iran; “the Ministry of Foreign Affairs, as the Iranian head of the Joint Economic Commission, will support economic transactions while joint chamber of commerce between the two countries need to become strengthened.”

He urged the need to pay due attention to small and medium projects along with huge ones adding “the Ministry will spare no effort in providing proper grounds for development of international relations with various countries.”

“JCPOA offers excellent opportunities as it has eliminated majority of barriers to economic ties between Tehran and Paris,” said Zarif.

He noted that although unnecessary precautions exercised by some major European banks has posed limitation to complete exploitation of capacities, efforts of the French government, as an important partner of Iran, will guarantee activities of these credible banks so that further expansion of ties will be observed.

[pokerplayer]

Iran’s foreign minister recalled that rate of inflation was reduced from over 42% to lower than 9% as well as that economic growth rate of about 7.4 per cent was promising to bright prospects for the country’s economy.

 

Not many countries can say that !

pp

[screwball]

Just now, pokerplayer said:

Iran’s foreign minister recalled that rate of inflation was reduced from over 42% to lower than 9% as well as that economic growth rate of about 7.4 per cent was promising to bright prospects for the country’s economy.

 

Not many countries can say that !

pp

Yes sitting at 8.2% and they have stated they don't want it to go lower...

[screwball]

Just get ready not long before march 21

[screwball]

That's if they keep to schedule might go early or later..lol Iraq has never kept to timeframe so not sure why Iran would be any different, but we can pray and hope!

[pokerplayer]

I am pumped. I like Dubai myself. been there about 20 times. Great place. The Gold Souk is a must if we go there. That is a place to buy ourselves expensive gifts. A mall were they sell nothing but gold jewllery

pp

[pokerplayer]

11 hours ago, WheresmyRV? said:

Will Canada be a good place for us to exchange?

With out knowing the specifics regarding an Rv for the Riel most banks here won't comment as they don't know if certain restrictions will apply.

I can understand that.

pp

[screwball]

10 minutes ago, pokerplayer said:

I am pumped. I like Dubai myself. been there about 20 times. Great place. The Gold Souk is a must if we go there. That is a place to buy ourselves expensive gifts. A mall were they sell nothing but gold jewllery

pp

Like the sound of that...getting excited...especially after my posts of the past few days

[screwball]

6 minutes ago, pokerplayer said:

With out knowing the specifics regarding an Rv for the Riel most banks here won't comment as they don't know if certain restrictions will apply.

I can understand that.

pp

Keep us posted....

[screwball]

10 minutes ago, pokerplayer said:

With out knowing the specifics regarding an Rv for the Riel most banks here won't comment as they don't know if certain restrictions will apply.

I can understand that.

pp

I think Citibank will be a goer as they have done previous business with Iran...I think they got fined! Lol

[screwball]

Once they are on the forex international markets anyone will want you cash and exchange!

[pokerplayer]

1 hour ago, screwball said:

Keep us posted....

That I will. Know the bank personnel as where I live is a very small town. They know I'm Invested and said if anything crosses there desk they will give me a phone call.

pp

[screwball]

1 hour ago, Freedomwish said:

Just let us know when we need to buy our plane tickets and book our rooms at that Grosvenor House Luxury Hotel!!  I'm in!!

I ummm......just saw a video link in an other post where I believe that we're not allowed to share outside the forum because it's in the VIP section that gave me the chills.....and I didn't get urge to drink after I saw it.  I put my shot glass down to calm my goosebumps.  

This thing is coming folks.  One way or another, it's gonna happen. 

First five rounds are on me....