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3 minutes ago, screwball said:

Trump hinted during G7 summit that he might have second thoughts about Iran sanctions as he faces the prospect that his policy of maximum pressure might fail permanently.

 

:bagofmoney:

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On 8/26/2019 at 6:07 PM, navira said:

Relations between Iran and the US have deteriorated since Washington withdrew last year from a 2015 deal to limit Iran's nuclear activities.

However, on Monday, Mr Trump said he had "good feelings" about the prospect of a new nuclear deal with Iran.

I think that the new deal is set to be signed..just a matter of time for Iran to sign it...and when they do, goodbye sanctions....all good from here on then. Cheers all 

 

On 8/26/2019 at 9:41 PM, screwball said:

Yep.....it will happen...and a big part of this is them rejoining the international monetary system....what I find really interesting is the talk of them not dipping the usd in trade? For years all the talk has been about the euro now they are talking keeping usd? Go trump! 

 

On 8/26/2019 at 9:49 PM, navira said:

Trump is ready to give them loans...he wants Iran to succeed n be a good player. Trump wants to meet Iran's president in few weeks n expect the new agreement sign n enforce..

 

22 hours ago, navira said:

I will not be surprised if sanctions are lifted before then....Trump said Monday that “we’re looking for no nuclear weapons, no ballistic missiles and a longer period of time” for current sunset clauses in the nuclear deal. “Very simple,” he said. “We can have it done in a very short period of time.”

 

22 hours ago, screwball said:

Revalue your currency and deal will be made including trade...

 

Make Rial/Toman Great Again!!! :drunk:

giphy.gif?cid=790b761194e8d1824ea8569cad 

Edited by Freedomwish
Whiskey ready
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navira...was watching the news today....

What's your take on Iran backing away?

Just a negotiating ploy?...or are they just a bit

insane.....

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10 hours ago, lmb4321 said:

navira...was watching the news today....

What's your take on Iran backing away?

Just a negotiating ploy?...or are they just a bit

insane.....

Iran is just trying to persuade Trump if he could get the sanctions off prior to the meeting...Iran will give in to the agreement bro

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WASHINGTON (Reuters) - The United States is not seeking a dispute with Iran, Defense Secretary Mark Esper said on Wednesday, stressing its desire to resolve outstanding diplomatic disputes, while noting that it was seeing a reduction in tension.

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4 hours ago, navira said:

WASHINGTON (Reuters) - The United States is not seeking a dispute with Iran, Defense Secretary Mark Esper said on Wednesday, stressing its desire to resolve outstanding diplomatic disputes, while noting that it was seeing a reduction in tension.

 

giphy.gif

 

Cheers bro!  Hopefully to be all wrapped up, bro! :cheesehead:

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Heads of three branches hold Supreme Council of Economic Coordination’s session

August 31, 2019
 
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TEHRAN – President Hassan Rouhani, Majlis Speaker Ali Larijani and Judiciary Chief Hojjatoleslam Ebrahim Raeisi held a session of Supreme Council of Economic Coordination on Saturday.

Regulations to implement oil projects were approved in the meeting.

First Vice President Es’haq Jahangiri, Presidential chief of staff Mahmoud Vaezi, Vice President for Economic Affairs Mohammad Nahavandian, Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati, Minister of Finance and Economic Affairs Farhad Dejpasand, Interior Minister Abdolreza Rahmani Fazli, Energy Minister Reza Ardakanian, Head of Iran Planning and Budget Organization (PBO) Mohammad Baqer Nobakht, Mohammad Jafar Montazeri, Iran’s prosecutor general, and a number of MPs attended the session.

The previous session of the Supreme Council of Economic Coordination was held on August 10 during which Rouhani said that solving people’s problems must be the main objective of policy making and decision making.

With an indirect reference to the reimposition of sanctions on Iran by the Trump administration, the president said, “Both the people and the government have passed difficult times, however, decisions can be taken in line with economic stability and progress and the people’s prosperity.”

Last year, the Trump administration abandoned the 2015 nuclear deal and ordered old and new sanctions on Iran. The move resulted in a great devaluation of national currency and high price rises. However, nearly after a year the economy is stabilizing.
 
Rouhani said his administration is making efforts to resolve the people’s economic problems.

To counter the effects of sanctions, the government is taking compensatory measures.

During a session of the Supreme Council of Economic Coordination on July 27, four strategies to compensate for budget deficit were approved.

Transferring government’s assets, using forex reserves, selling Islamic bonds, and withdrawing 450 trillion rials (about $10.714 billion) from National Development Fund (NDF) were the four strategies approved in that session.

During a session of the council on July 13, the amendments to the national budget plan for the current calendar year (started on March 21) had been approved.

The generalities of a modified budget plan, which has been restructured in line with the country’s “resilience economy”, were approved.

The modifications consist of four major parts, which are “sustainable revenue resources”, “effective expenditure”, “promoting stability, development and justice” as well as “fundamental modifications of budgetary system”. 

They are aimed at reducing the country’s dependence on oil money and promoting economic stability under the umbrella term “resistance economy”, ordered by Supreme Leader of the Islamic Revolution Ayatollah Ali Khamenei. 

It was decided in that session that the council would study the priorities in the amendment plan in its next gathering.

NA

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Iranian bank to open branch in India 

August 31, 2019
 
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TEHRAN – Iran’s Bank Pasargad is going to open a branch in India in the next couple of months to help boost trade between the two countries by providing a channel to bypass the U.S. sanctions which have blocked international banking channels, Financial Express reported.

According to Iran’s Ambassador to India Ali Chegeni, Bank Pasargad has received all necessary approvals including from the Reserve Bank of India (RBI) to start commercial banking operations.

“It [Bank Pasargad] will start operations in 2-3 months,” he said on the sidelines of an industry event in India.

Back in July 2018, Indian Express reported that India approved a proposal from Iran’s Bank Pasargad to open a branch in Mumbai.

According to the report, the Federation of Indian Export Organizations (FIEO) had earlier approached RBI suggesting that they should allow the entry of Iranian banks into India to facilitate bilateral trade.

Meanwhile, sources said two banks from Iran, Bank Pasargad and Parsian Bank, had applied to set up branches in India, while another Iranian lender, Saman Bank, had sent an application to set up a representative office. 

The Indian government cleared only the Tehran Stock Exchange-listed Bank Pasargad’s proposal for a branch in Mumbai, while the other Iranian banks’ plans are yet to get the green light.

The presence of an Iranian bank in India will open up a significant financial channel that will ensure the smooth flow of funds between the two countries. India imports a large quantity of oil from Iran and has committed an investment of $500 million for the development of the crucial Chabahar port.

EF/MA

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CBI mainly focuses on controlling liquidity, supporting domestic production: Hemmati

August 31, 2019
 
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TEHRAN – Governor of Central Bank of Iran (CBI) said the bank’s current programs are mainly focused on controlling liquidity and supporting domestic production, IRNA reported on Saturday.

Speaking in the 30th edition of Islamic Banking Conference in Tehran, Abdolnasser Hemmati mentioned some of CBI’s major plans and programs for the current Iranian calendar year (began on March 21).

The official underlined the significant impact of the bank’s new policies on the country’s currency market and economy, noting that “reforming the country’s banking system is a long-term process which cannot be achieved over night.”

Hemmati stated that CBI has neither overlooked nor postponed reformation of banking system and the bank has always had modification of banking system on its agenda.

“CBI is taking all necessary measures to control the foreign exchange market in order to maintain market equilibrium in the country,” he added.

“The foreign exchange market is stable, and the reinjection of exports revenues into NIMA are getting better which is a sign that the country’s businessmen and traders are welcoming CBI’s recent foreign exchange policies,” he said.

He further mentioned the downward trend of inflation in the country over the past few months, saying that most of the inflation in the market is pertained to the services sector which is being closely monitored and will be controlled in near future.

EF/MA

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Economy returning to normalcy as a result of CBI proper measures: Hemmati

TEHRAN, Aug. 31 (MNA) – Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum. 

The CBI governor Abdolnaser Hemmati made the remarks in the 30th edition of Islamic Banking Conference in Tehran on Saturday.

During the conference, Hemmati said that as a result of the proper policies that the CBI took in monetary and foreign currency field, the situation of the country’s economy is returning to normal despite being under the most unprecedented sanctions.

“Thanks God, we are witnessing the return of stability to the country's economy, the basis of which is the stability of the foreign currency market which has witnessed a gradual decline in the prices in the recent months,” the CBI governor said.

Hemmati also said that the inflation rate is losing momentum as a result of the declining prices in the forex market.

He further described liquidity management and helping the production sector as two major goals of the CBI, adding that the 5.6% increase in the present of industrial companies on the exchange market shows a gradual improvement in producing industrial products.

KI/4706750

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September 11, 2019 19:38

MRC Calls for Currency Swap Deals

 
MRC Calls for Currency Swap Deals
MRC Calls for Currency Swap Deals

The Majlis Research Center, the influential research arm of the parliament, has stressed the need to start currency swap deals with the main trading partners to help keep the economy immune against hostile US sanctions. 

"Transferring money is a key challenge for manufactures wanting to import raw material. Currency swap between central banks outside the purview of SWIFT could be a solution for skirting the sanctions," the MRC said. 

It estimates that deals with China, the UAE, Turkey, South Korea, India, Japan and Italy could help protect at least half of Iran’s total foreign trade against sanctions. 

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Well now, one could really wonder if this Rial thing might be swinging back around indeed?! :blink:

Trump is reportedly considering throwing a $15 billion lifeline to Iran

Business Insider David Choi,Business Insider Thu, Sep 12 2:56 AM EDT 

trump rouhani iran 2x1

 

 

https://www.businessinsider.com/trump-deal-iran-15-billion-nuclear-france-2019-9

 

 

 

 

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WASHINGTON — Former national security adviser John Bolton’s abrupt departure on Tuesday came after President Donald Trump suggested he might lift some U.S. sanctions on Iran as an incentive for Tehran to come to the negotiating table, according to a person close to Bolton.

This person said Trump raised the idea of lifting sanctions during a discussion with Bolton in the Oval Office on Monday afternoon. Bolton made clear to the president that he strongly disagreed with the idea, this person said.

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The Iranian parliament adopts a proposal to delete 4 zeros from the national currency

Release date:: 9/29/2019 17:20227 read times
The Iranian parliament adopts a proposal to delete 4 zeros from the national currency
 
The Iranian Islamic Shura Council has approved a draft law to reform the monetary and banking system, including the deletion of four zeros from the national currency.
According to Iranian websites, the adoption of the draft law of the monetary and banking system came through the session of parliament on Sunday afternoon, with the approval of 124 deputies, 76 opposition and 3 abstention
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Financialtribune.com

Time

 
 
 
SATURDAY
November, 02 2019
SUBSCRIBE
 
November 01, 2019 19:22

Regulated Forex Market Awaiting Okay From Iran's CB

 
Regulated Forex Market Awaiting Okay From Iran's CB
Regulated Forex Market Awaiting Okay From Iran's CB

Head of the company that oversees the long-awaited regulated foreign exchange market says the market is ready to start functioning and is awaiting a final go-ahead by the regulator. 

In response to speculations that the scheme has been shelved by the Central Bank of Iran, Mahmoud Shekasteband said the groundwork is ready for launching the market. 

“Launching the market is on the agenda of the government and the CBI, but it is the policymaker that should decide the timing,” he was quoted as saying by IRNA. 

Little is known about the mechanism of the much-publicized regulated currency market, which is often touted as the government’s pivotal scheme to organize the often chaotic forex market. 

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