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Iranian Rial


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Just now, md11fr8dawg said:

PP, you are right on the money. Been to Dubai many times the last 10 years. Never felt threatened. Great place. This time of year is best to go so it won't be as hot as summer. Excellent night life and great shopping. Many first class facilities there.

 

Even if we don't get the RV as soon as we want, chances are I will go back on a holiday. Love the place, been there maybe 20 times ? !!

pp

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2 hours ago, pokerplayer said:

So am I RV ! If asked a year ago who would RV first and someone said Iran , I would have done a belly roll !! Today ? Not so much. Cash is king in my books and if Iran is willing to pad my bank account, well so be it.

If the US can pad Iran's account then the pittance we are looking at is a minor in the big scope of things  :backflip:

pp

I spent countless hours researching years ago I posted articles about the similarities oil sharing, removal of subsidies etc and that's what made me buy rial years ago and nit stop....all or nothing type of guy! Iran wants what's there's all those years of sanctions! It's now going to pop! 

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Experts say the authorizations by the US Treasury Department for global aviation giants Airbus and Boeing will help wash away fears of banks and businesses in doing business with Iran.  

The US Treasury Department on Wednesday issued licenses to global aviation giants Boeing and Airbus to sell planes to Iran after a delay of multiple months.

The deals of the two companies –once completed – will mark the biggest transactions in Iran’s business environment after the January removal of the sanctions.  

Experts, as cited by media, emphasized that this will be specifically significant when considering that major banks and businesses still fear backlash from the remaining US sanctions against Iran and have accordingly largely stayed away from the lucrative Iranian market.   

"A taboo has been broken. This deal will ease the fears of major foreign banks and companies which want to work with Iran," AFP quoted an unnamed official of an Iranian private as saying.

"It will allow financial channels to be put into place for big foreign banks to work with Iran." 

Iran and the five permanent members of the Security Council plus Germany – the P5+1 – reached an agreement last summer by means of which Iran would restrict certain aspects of its nuclear energy activities in return for the removal of certain economic sanctions against the country by the P5+1. 

The deal came into effect in January and literally opened the way for companies to approach the Iranian market.    

Media have cited experts as saying that businesses will see the deals of Airbus and Boeing as examples of how business can be done with Iran without any fear of remaining US sanctions against the country.   

“It removes some uncertainty,” Howard Rubel, an analyst at Jefferies, told the Irish Times of Boeing’s license. “It says that commerce is important and commerce builds bridges. It is also a pathfinder for other people that may want to do business with Iran over time.”

Meanwhile, Iran has indicated that it expects the licenses that the US Treasury Department has issued to Boeing and Airbus to lead to lead to wider authorizations in the near future.  

Abbas Araqchi, Iran's deputy foreign minister, was quoted by media as saying on Thursday that licenses would follow "in coming weeks", in comments following a meeting between Iran and major powers in New York on the sidelines of the UN General Assembly, AFP added.

Meanwhile, Iran’s President Hassan Rouhani openly criticized the US Treasury Department for "complicating transactions" between Tehran and foreign companies and banks as an instance of Washington’s failure to implement the terms of the nuclear deal.  

In his address to the UN General Assembly, Rouhani described US delays in implementing the nuclear deal as a “strategic mistake” that, as he emphasized, “needs to be compensated immediately”.  

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TEHRAN, Sep. 22 (MNA) – Restrictions in Iran’s banking and financial transactions have been a major issue to advance for President Rouhani in his New York meetings with European countries.

In a meeting with Swedish Prime Minister Kjell Stefan Löfven, Mr. Rouhani pursued his major theme of promoting the cause of Iran’s banking restrictions as well; “Iran welcomes transfer of technologies and investment from Sweden; both sides should support and encourage bilateral trade and cooperation. In banking sector, addressing Iran’s problems in doing banking transactions would transform trade with major European countries to a new improved status,” he told the meeting.

“Sweden and other European countries should provide necessary guarantees to companies in working with Iran and that they will not be subject to punitive measures and fines; taking steps in this path is part of the commitments JCPOA predicts for parties to the deal and the UN as well,” Rouhani told Swedish prime minister.

Mr. Löfven for his part said that his country welcomed Iran’s proposal to address banking sector problems; he shared Rouhani’s views on terrorism in the Middle East and the crisis in Yemen, where intervention in Syria and Yemen had rendered these countries devastated; “all should work to restore peace to these countries through political and diplomatic efforts,” he added.

Rouhani met in the same day with Norwegian Prime Minister Erna Solberg to advance the major theme of his meetings. “Today, both Norway and Iran should exhaust the opportunities provided by JCPOA to benefit their nations; Iran welcomes Norwegian companies in its economic projects; Tehran and Oslo would contribute to the reigon through working effectively to tackle terrorism along with international community,” Rouhani told Solberg, who hailed improving relations with Tehran after the JCPOA, emphasizing that Norway had necessary resolve to deepen ties with Iran.

A third yet meeting for Rouhani on agenda was with Presidents of the Swiss Confederation Johann Schneider-Ammann. President Rouhani highlighted investments in joint economic projects with Switzerland as a means to accelerate economic cooperation, along with his general demand that Switzerland should contribute to dealing with restrictions on Iran’s banking sector which crippled the financial sector of the country, to which Swiss side responded with his country’s will to improve financial relations with Iran and also to address Iran’s concerns in this regard. “Iran is an important investment hub in the region and we welcome it as a potential market for technological services and products; “Switzerland pursues a general policy of improving relations with Iran to the highest possible levels,” Mr. Schneider-Ammann ensured Rouhani.

 
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5 minutes ago, pokerplayer said:

I have an Arab friend from Iraq. I asked him about the Riel, he said chances are better for an RV then Iraq. He's not down on the Dinar, just thinks there is a ways to go is all.

   pp

I personally think that iran will go very soon (october) we'll before iraq but always happy to be proven wrong! Lol.

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4 hours ago, pokerplayer said:

So am I RV ! If asked a year ago who would RV first and someone said Iran , I would have done a belly roll !! Today ? Not so much. Cash is king in my books and if Iran is willing to pad my bank account, well so be it.

If the US can pad Iran's account then the pittance we are looking at is a minor in the big scope of things  :backflip:

pp

Same here!  If someone would have approached me asking if Iran would RV before Iraq and I would have laughed in their face! :lol:  Now its the other way around has I feel we are about at least a few years away for the dinar to happen.  Iran has their act together unlike Iraq at the moment.

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1 minute ago, WheresmyRV? said:

Same here!  If someone would have approached me asking if Iran would RV before Iraq and I would have laughed in their face! :lol:  Now its the other way around has I feel we are about at least a few years away for the dinar to happen.  Iran has their act together unlike Iraq at the moment.

 

 Sad but so true on many accounts !

pp

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Publish Date: Thu, 22 Sep 2016 17:36:00 GMT
Service: Iran
 
 

Zarif, Kerry meet to meet in New York today

Zarif, Kerry meet to meet in New York today

Iranian Foreign Minister Mohammad Javad Zarif and his US counterpart John Kerry will meet in here later on Thursday.

The meeting between Zarif and Kerry will take place at noon (20:30 Tehran time) today, IRNA reported.

The meeting of Joint Iran-Group 5+1 Commission will also begin at 13:00 local time (21:30 Tehran time). 

Iranian foreign minister Mohammad Javad Zarif is also accompanying President Rouhani in his visit to New York.

 

wonder what will the topic of this discussion? 

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Zarif, Kerry meet in New York
http://theiranproject.com/blog/2016/09/22/zarif-kerry-meet-new-york/

 

Zarif, Kerry meet in New York

New York, Sept 22, IRNA – Iranian Foreign Minister Mohammad Javad0 Zarif and his US counterpart John Kerry had a brief bilateral meeting on the sidelines of the foreign ministerial meeting of the Group 5+1 (the US, Russia, Germany, France and Britain plus Germany) on Thursday.

The talks between Zarif and Kerry focused on the effective implementation of the Joint Comprehensive Plan of Action (JCPOA).

The First Joint Iran-Group 5+1 commission meeting will be held upon a request by Iran in New York in the coming hours.

The meeting will discuss and decide about the results of negotiations between experts and deputy foreign minister that were held over past few days.

By IRNA

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First Joint Iran-Group 5+1 commission meeting will be held upon a request by Iran in New York in the coming hours.

Iran, G5+1 hold joint foreign ministerial meeting in New York

New York, Sept 22, IRNA — The First Joint Iran-Group 5+1 commission meeting was held upon a request by Iran in New York.

The meeting discussed and decided about the results of negotiations between experts and deputy foreign minister that were held over past few days.

On Wednesday, a senior Iranian nuclear official said that the process of Joint Comprehensive Plan of Action (JCPOA) implementation will be discussed in the latest session of Iran-Group 5+1 joint commission which would be held in New York.

Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi said the joint commission held its preliminary meeting at the level of deputy foreign ministers on September 21.

The ministerial meeting would be held on Thursday (September 22), Araqchi who also heads a special board monitoring implementation of the Joint Comprehensive Plan of Action (JCPOA) added.

During the preliminary meeting, Araqchi led the Iranian team while Deputy foreign policy chief of the European Union Helga Schmidt headed the other side.

Araqchi added that modernization of Arak Heavy Water Reactor, selling of heavy water, performance of working group assigned to produce nuclear fuel in Iran as well as the latest situation of Iran-Russia cooperation in Fordo nuclear facility were among major topics discussed in the meeting.

He said that the focal points discussed in the preliminary meeting were failure of the US and European countries to completely fulfill their commitments based on the nuclear deal as well as their procrastinations particularly in the banking sector and financial institutions in the post-JCPOA era.

The official noted that the US government delays in permitting the sell of Airbus and Boeing planes to Iran was also raised in the commission.

He stressed that American officials said they had issued parts of the permissions during the past two days and are to issue the rest of them ‘within the coming days.’

Araqchi underscored that the conclusion of the Wednesday meeting would be presented to the ministerial meeting on Thursday.

By IRNA

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Zarif, Kerry meet in New York – Al-Manar TV Lebanon
http://english.almanar.com.lb/39400

Zarif, Kerry meet in New York

 
 14 hours ago  September 22, 2016
Kerry-Zarif Kerry-Zarif
 Iran - Middle East - News - Top
 
 
 
 
lg.php?bannerid=0&campaignid=0&zoneid=16
 

Iranian Foreign Minister Mohammad Javad Zarif and his US counterpart John Kerry had a brief bilateral meeting on the sidelines of the foreign ministerial meeting of the Group 5+1 (the US, Russia, Germany, France and Britain plus Germany) on Thursday.

The talks between Zarif and Kerry focused on the effective implementation of the Joint Comprehensive Plan of Action (JCPOA).

The First Joint Iran-Group 5+1 commission meeting was held upon a request by Iran in New York.

The meeting discussed and decided about the results of negotiations between experts and deputy foreign minister that were held over past few days.

On Wednesday, a senior Iranian nuclear official said that the process of Joint Comprehensive Plan of Action (JCPOA) implementation will be discussed in the latest session of Iran-Group 5+1 joint commission which would be held in New York.

Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi said the joint commission held its preliminary meeting at the level of deputy foreign ministers on September 21.

The ministerial meeting would be held on Thursday (September 22), Araqchi who also heads a special board monitoring implementation of the Joint Comprehensive Plan of Action (JCPOA) added.

During the preliminary meeting, Araqchi led the Iranian team while Deputy foreign policy chief of the European Union Helga Schmidt headed the other side.

Araqchi added that modernization of Arak Heavy Water Reactor, selling of heavy water, performance of working group assigned to produce nuclear fuel in Iran as well as the latest situation of Iran-Russia cooperation in Fordo nuclear facility were among major topics discussed in the meeting.

He said that the focal points discussed in the preliminary meeting were failure of the US and European countries to completely fulfill their commitments based on the nuclear deal as well as their procrastinations particularly in the banking sector and financial institutions in the post-JCPOA era.

The official noted that the US government delays in permitting the sell of Airbus and Boeing planes to Iran was also raised in the commission.

He stressed that American officials said they had issued parts of the permissions during the past two days and are to issue the rest of them ‘within the coming days.’

Araqchi underscored that the conclusion of the Wednesday meeting would be presented to the ministerial meeting on Thursday.

Source: IRNA

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Foreign firms ready to invest in domestic airports

airport
News ID: 3033268 - Mon 25 January 2016 - 13:11
TEHRAN, Jan. 25 (MNA) – Iran’s deputy road minister said French, Chinese and Italian companies have expressed eagerness to invest in various Iranian airports.

Deputy Minister for International Affairs at the Ministry of Road and Urban Development Asghar Fakhrieh Kashan noted that the path for international cooperation has become clear with the removal of sanctions; “previously reluctant aircraft manufacturers, have now announced willingness to launch negotiations with Iran with the hope of signing formal contracts.”

“Italy’s ATR Company, Canada’s Bombardier Inc. and France’s Airbus are among the firms who seek to seal a deal with Iran,” he underlined.

The official reminded that “also in the airport section, French, Chinese and Italian companies have made correspondences expressing readiness to make investments in Imam Khomeini, Mashhad, Shiraz and Ahwaz airports.”

“The exact amount of investment would not be specified until the projects’ specifications are negotiated while the value for Imam Khomeini International Airport (IKIA) and Mashhad airports are envisaged to be 900 and 300 million dollars, respectively,” he continued.

Fakhrieh Kashani went on to add that “some firms from France, Italy and South Korea have also declared inclination to conduct talks in the field of railroad transit.”

Touching upon road transit issue, the official said “countries like Bulgaria, Slovakia, Armenia and Georgia seek to form joint routes with Iran for goods transfer purposes.”

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