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The Iranian Central Bank: We have reached better methods of providing foreign exchange and selling oil

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39 minutes ago, boosterbglee said:

Thanks for the colorful liquids....clown😂

 

I Go Hard In The Paint ! :o 

 

wasted GIF

 

:D  :D  :D 

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Newspaper: Trump was open to a French initiative to ease the pressure on Iran

 

Newspaper: Trump was open to a French initiative to ease the pressure on Iran
 
 
2019/8/31 15:50

 
European diplomats are meeting a new French initiative to ease pressure on Tehran over Washington's sanctions in exchange for Iran's full compliance with the nuclear deal, the Wall Street Journal reported.

French President Emmanuel Macron briefed his US counterpart Donald Trump during his consultations in Biarritz on the sidelines of the G7 summit on his new initiative aimed at easing tension between Washington and Tehran and persuading Iran to return to all its responsibilities under the nuclear deal, the newspaper reported Saturday. In 2015, which came close to collapse after Washington withdrew last year.  The French initiative would allow Iran to sell at least 700,000 barrels of oil a day, more than doubling its current exports, as well as an international credit line of $ 15 billion without such sanctions, the newspaper quoted European officials as sayingSeveral diplomats familiar with the consultations confirmed that Trump and Macron discussed the initiative at a meeting also attended by US Treasury Secretary Stephen Mnuchin and French Finance Minister Bruno Lemerre.  The White House master said he was "open to this idea" and agreed to continue the French side to work on it. 

In the meantime, some Trump administration officials opposed the initiative, citing a senior US official as saying that the Europeans "are trying to salvage a bad deal and Trump has made clear that Iran has not gained any economic gains from the United States in return for a return to an agreement is absolutely inappropriate".  But European diplomats see the French initiative as the first realistic plan to ease military tensions in the Gulf, while warning that Trump's future moves are unpredictable, especially as he is under pressure from some of his regional advisers and allies. French Foreign Minister Jean-Yves Laudrian briefed his European colleagues on the details of consultations on the new initiative at a meeting on Friday in the Finnish capital of Helsinki, noting it was not yet clear whether the United States would agree to ease its sanctions against Iran's oil sector, but did not respond. After any indications from the White House that Trump intends to block this initiative. 

For his part, Iranian Foreign Minister Mohammad Javad Zarif described the French initiative as constructive, and Iranian negotiators are expected to arrive in France in the next few days to continue work on this plan, according to the newspaper.
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On 8/23/2019 at 7:43 PM, yota691 said:

Central Bank Governor: National currency value rose 40%

By Alialhajj 23/08/2019 10:30 PM | Number Of Hits: 106

Central Bank Governor: National currency value rose 40%

 

The value of Iran's national currency has risen by 40% in the past eight months, the country's central bank governor said.

This came during an interview conducted by "NBC", with the Governor of the Central Bank of Iran, who explained the latest economic developments in the country and Iranian oil exports and the economic conditions of the country after the US embargo.

On Trump's claim that he would zero in on Iranian oil exports, Hemmati said, "We are continuing our oil exports and are on the rise and are moving forward using unconventional methods."

In response to a question about the volume of Iranian oil exports, he refused to disclose the figure in light of the fact that Iran is now in an economic war with the United States and it is not correct to disclose such information to a government facing us. Planned America to reach its goal.

He pointed out that the US embargo mainly targets the poor and middle segments, while the US administration has said it wants to overthrow the state where the embargo led to an inflationary shock that mainly affected the poor and low-income classes.

    

Lying through his teeth.  He refused to disclose how much the oil is being exported because he's lying. lol

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Will Iran give up the dream of regional hegemony?

 

- 33 Minutes Have Passed
 

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Although many opinion writers and articles in the American press believe that the Trump administration does not have a clear vision or strategy on Iran, the reality is otherwise. From the first moment Trump took office in a balanced manner, Harmonious about what he wants from Iran. After he announced his country's withdrawal from the nuclear deal with Iran, he returned to tightening US sanctions, leading to the deployment of combat naval pieces in the waters of the Persian Gulf, as part of US pressure on Iran, to accept a new settlement. Last but not least, allow Israel to bomb Iranian militia positions, whether in Iraq or Syria, and perhaps in the future in Lebanon or even Yemen.

On the other hand, Iran has bet on the challenge of Trump's policy of forcing it to sit at the negotiating table to sign a new agreement. It has many playing cards in the region, which has worked for many years, and invested billions of dollars in the money of the Iranian people. It succeeded in planting them in Iraq, Syria, Yemen and Lebanon, not to mention the political influence in those countries, and even the economic influence that has qualified Iran so much to overcome its economic difficulties. 

Between Washington and Tehran, the tone of threats and counter-threats escalated
"Iran has invested billions of dollars of Iranian people's money to fund militias in Iraq, Syria, Yemen and Lebanon." World Space Threats of a new war in the Arabian Gulf. In the face of these threats, negotiations appeared to be behind closed walls, or at least quiet, low-profile talks, pulse talks, and exchanges of views on how to emerge from a new impasse that
the world, all the world, could pay.


According to US press reports that there is an intention to hold talks between Saudi Arabia and the Houthis in Oman, to end the war that began in Yemen, which lasted about five years. In conjunction with these reports, the Yemeni legitimate forces were responding to the forces of the UAE-backed South Yemen Transitional Council, which had previously taken control of Aden. Saudi Arabia does not want to see two Yemenis, while the UAE has sought to do so since the first day of the war.

Sites belonging to the Popular Mobilization State, which is considered an Iranian crowd in Iraq, have been bombed by Israeli forces in the past two months. While the southern suburb of Beirut, the stronghold of the Lebanese Hezbollah, was on a date with two Israeli drones, in clear violation of the post-war understandings of 2006. 

Significantly, Iranian President Hassan Rouhani's statement that his country was not responsible for Any armed party outside its borders, in what he considered b Biting them at the beginning of an Iranian abandonment of militias
“US press reports indicate that there is an intention to hold talks between Saudi Arabia and the Houthis in the armed Sultanate of Oman,” which it has supported for years. Iran is experiencing a severe economic crisis due to sanctions, and the Iranian citizen began to be very affected by the US sanctions on his country, especially after the volume of Iranian oil exports in July last 399 thousand barrels, according to the company "Kpler" specialized.

The mediation led by French President Emmanuel Macron during the G7 summit seems to have achieved little. Iranian Foreign Minister Javad Zarif has returned home empty-handed and failed to achieve a breakthrough sought by Macron to persuade Washington to allow Tehran to export 1 million barrels in return. Partial lifting of sanctions. Overall, it seems that America can still adjust the rhythm of the region in a way that suits Israel and its other allies in the region, which is moving in one dynamic way, and there is no longer a separate file from the other. The first is its dream of regional hegemony, which is what America, Israel and its allies want in the region.

America, behind Israel, is trying to hit several birds with a single stone. Washington announced the postponement of its political split until after the Israeli elections. 

We may soon hear and hear leaks of secret meetings held in this or that country between America and Iran, as happened in the nuclear agreement between Iran and the major powers, but this time if it happens, Iran will come out and lost much of its external influence for which it spent billions Dollars.

The New Arab

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Iran announces establishment of free trade zone with Kurdistan region

 

krdnews-1559139477.jpg

 

3rd September, 2019
 

 

The Iranian Consul General in Sulaimaniyah province, Mehdi Shushtari, said on Tuesday that his country is ready to establish a trade zone between Iran and Halabja province in the Kurdistan region.

"The Islamic Republic has previously announced that the border crossings (Bashta and Shushmeh) have become official," Shushtari told a news conference with Halabja Governor Azad Tawfiq after the meeting. "Talks are continuing with the Kurdistan region and the Iraqi government regarding the transit of the two crossings into Officials. "

He added that "during the talks with the governor of Halabja expressed the full readiness to provide the necessary facilities for commercial and investment projects between the province and Iran," adding that "among those projects is the establishment of a free trade zone between the two sides."

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Brian Hawk: The Quds Force oversees Iran's oil transportation network as Iraqi oil

 

iraqioil.jpg

 

5th September, 2019
 

 

The US special envoy to Iran, Brian Hawk, announced that Tehran is violating two naval forces and transporting its oil as Iraqi oil.

Hawk told reporters, the Quds Force oversees Iran's oil transportation network as Iraqi oil.

"We will topple the oil network run by the Iranian Revolutionary Guards," Hawk said.

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577161031567813807.jpg

3 eggs with 100 billion .. Prices in countries with high inflation rates "astronomical"

In some countries, the economic situation is so late that citizens suffer from inflation, to the point where there are countries where billions of dollars are needed to buy a chicken.

In the following lines, we review the most prominent countries that suffer from huge inflation in their currency, which makes the process of buying and selling in their local currency requires huge amounts of currency:

Zimbabwe

The Zimbabwean dollar is the worst in value against the US dollar. The US dollar is worth about $ 35 million (quadrillion) dollars.

The value of interest to counter inflation has been rising in Zimbabwe, in previous years, with the printing of huge amounts of money to cover interest with the terrible inflation resulting from the increase in the salaries of state officials, up to 5000%, according to "Reuters."

To illustrate the scale of the disaster in Zimbabwe, there are no more than three eggs worth $ 100 billion, and $ 100 trillion is not buying a parsley package.

Venezuela

Inflation in Venezuela reached abnormal levels, with the collapse of the currency, last year, under the administration of President Maduro.

8607239701567813741.jpg?width=342&height

Inflation is that to buy a 2.4 kilogram chicken in Venezuela, you have to pay 14,600,000 bolivars ($ 2.20), toilet paper costs 2,600,000 bolivars ($ 0.40), and one kilogram of carrots cost 3,000,000 bolivars (0.46). Dollars), according to the network "Sky News".

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In addition, since last year, the minimum wage for employees, which is not enough to buy one kilo of meat, has collapsed due to runaway inflation, which could reach 1 million percent this year, according to IMF forecasts.

1831081401567813738.jpg?width=356&height

Iran

In the wake of the deterioration of the economy and the collapse of the currency rate in Iran, the Iranian government, subject to severe sanctions, approved a plan to remove the zeros from its currency, and replace the rial currency with the "toman" during the year.

The Iranian government spokesman, Ali Rubaie, at a news conference in Tehran, "The government approved a bill to delete four zeros from the currency, and the Toman will be our national currency," according to the site "Sputnik" Russian.

12414138151567813999.jpg?width=365&heigh

One dollar is worth 154 thousand riyals in individual transactions.

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Central bank: Iranian riyal recovered by 40%

10:42 - 02/10/2019
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Information / Baghdad .. The
central bank governor Nasser announced Hemmati, Wednesday, that the price of the Iranian rial recovered by exceeding 40% from the previous year.
The Iranian economy faced bitter conditions last year due to a full-fledged economic war waged by the United States and its regional allies, Hemmati said in an Instagram post.
He pointed out that today we are seeing a recovery of the riyal by more than 40 percent from the previous year, has been curbed inflation and features of economic growth appeared phenomenon. Done / 25

https://www.almaalomah.com/2019/10/02/431894/

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05-12-2019 01:51 PM
image.php?token=13ff728e2c92f11189cd598e5ac5d4dd&c=8954683&size=
 


 

Baghdad / News

The Iranian currency (rial) continued to fall, where it collapsed this week in an unprecedented, and the exchange rate of the US dollar 130 thousand riyals, on Thursday.

According to Iranian websites dealing with the currency market, "the exchange rate of one dollar amounted to 130 thousand Iranian riyals in the early hours of Thursday morning."

"One of the sites involved in the foreign exchange market offered the value of selling the dollar by about 131,000 Iranian rials," Farda radio said.

The exchange rate of the dollar before the wave of popular protests against the government and the regime in Iran on November 25 last, up to 100,000 Iranian rials, while the euro exchange rate, on Thursday, 145 thousand riyals, and the value of the pound sterling exchange rate to 171 thousand riyals .

The Iranian government spokesman Ali Rubaie, admitted on Wednesday, that his government is suffering from a deficit in hard currencies in light of the tightening of US sanctions on Tehran, and prevent it from selling oil, pointing out that "the government now does not have funds for development and the private sector is weak."

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tomen.jpg

 

The Iranian operation continues to fall amid a shortage of hard currency

 

 2019/12/05 06:49:26

 

The Iranian currency (rial) continued to fall, as it collapsed this week in an unprecedented, and the exchange rate of the US dollar 130 thousand riyals, on Thursday.
According to Iranian websites dealing with the currency market, "the exchange rate of one dollar amounted to 130 thousand Iranian rials in the early hours of Thursday morning."
"One of the sites involved in the foreign exchange market offered the value of selling the dollar at about 131,000 Iranian rials," Radio Farda said.
The exchange rate of the dollar before the wave of popular protests against the government and the regime in Iran on November 25 last, up to 100,000 riyals, while the euro exchange rate, on Thursday, 145 thousand riyals, and the value of the pound sterling to 171 thousand riyals .

Iranian government spokesman Ali Rubaie admitted on Wednesday that his government is suffering from a shortage of foreign currencies in light of the tightening of US sanctions on Tehran and prevent it from selling oil, pointing out that the government now does not have funds for development and the private sector is weak.

https://www.shafaaq.com/ar/اقتصـاد/العملية-الايرانية-تواصل-الهبوط-وسط-عجز-بتوفير-العملة-الصعبة/

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 12/08/2019 11:52:50
 

Shafak News / On Sunday, the Iranian currency recorded a new collapse against foreign currencies, with President Hassan Rouhani presenting the draft budget to the Islamic Shura Council (Parliament).
According to reports, the gradual rise in the price of the US dollar in Iran continues, and the appreciation of the currency against the riyal, on Sunday, reached a great level.
And offered sites and channels of exchange via "Telegram" in Iran, the price of one US dollar worth 135 thousand riyals, while the process of buying the dollar worth 131 thousand riyals.
The exchange rate of the euro reached 150 thousand riyals, and the sterling price reached 171 thousand riyals.

And the official agency "IRNA" justified the news, the rise of the foreign exchange market and the collapse of the local currency, the riyal, with what it called "the psychological impact of the high prices of gasoline and the low supply of currencies by some exporters, which is one of the most important factors that led to the rise of the dollar in recent days."

A spokesman for the Iranian government, Ali Rubaie, admitted that his country’s government is facing a major shortage in the provision of foreign currencies, but press reports have said that the dollar’s rise is behind the government because of a deficit in the country’s general budget.

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 10/12/2019 00:32:06
 

Shafaq News / According to the websites of the announcement of the prices of hard currencies and gold, in Iran, the price of the US dollar reached 13,800 Iranian tomans, recording its highest level in 6 months.
It is also reported in these sites that the price of the euro reached 15.275 Iranian tomans, and the price of gold coins reached 4 million and 720 thousand tomans.
It should be noted that the escalating pace of the prices of hard currencies and gold in Iran began more than two weeks ago, coinciding with the rise in gasoline prices, and this pace has intensified, in recent days, with the presentation of the budget for the next Iranian year.

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https://www.reuters.com/article/us-iran-currency-euro/iran-switches-from-dollar-to-euro-for-official-reporting-currency-idUSKBN1HP25W?fbclid=IwAR3BfRftVLjHkMcvMDcDabsrkSpNPIVwPTt0pgHvmHNnENivLNUL97Hlj3w

APRIL 18, 2018 / 10:51 AM / 2 YEARS AGO

Iran switches from dollar to euro for official reporting currency

 

 

See the year on this

 

Starr

Edited by Starrider
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A sharp decline in Iran's currency after the escalation of the crisis with Washington

A sharp decline in Iran's currency after the escalation of the crisis with Washington

 January 06 2020 05:37 PM
Direct : Iran's currency fell to its lowest level in more than 6 months against the US dollar during Monday's trading, with the escalation of geopolitical tensions between Washington and Tehran.

Investor sentiment deteriorated as clouds increased in the geopolitical landscape against the backdrop of the United States killing the Iranian official, "Qasim Soleimani," and Tehran vowed to respond.

Meanwhile, US President Donald Trump has threatened that the response will be swift and strong against any Iranian operation targeting US targets or people.

Since the killing of "Qasim Soleimani" last Friday, the Iranian riyal on the black market for currency has decreased by 4.3 percent against the US dollar, reaching 139.5 thousand riyals per dollar, according to "Bloomberg" agency.

The losses of the local currency will deepen the wounds of the already deteriorating Iranian economy against the backdrop of US sanctions.

Iran has an official exchange rate for its currency against the dollar at 42 thousand riyals per dollar, but the price on the black market for the currency exceeds the official price.

 
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The Iranian Central Bank: We have reached better methods of providing foreign exchange and selling oil

13:50 - 09/01/2020
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The information / Baghdad ..

On Thursday, the governor of the Iranian Central Bank, Abdel Nasser Hamti, announced that he had come up with better methods of providing foreign exchange and selling oil, and that economic conditions were good.

"The Iranian oil today is being sold and its dues are being collected," Abdel Nasser Hemti said at the 80th anniversary ceremony of the founding of the Iranian Money Changers Union in Tehran, pointing to "the real exchange rate recovery since last night, and that this pace will continue."

He noted, "The American president's threat to impose new embargoes on Iran in his recent speech," considering them as "flimsy allegations, and that the bank is ready to nullify the effect of increasing American pressure." Ended / 25

https://www.almaalomah.com/2020/01/09/448642/

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43 minutes ago, Butifldrm said:

the governor of the Iranian Central Bank announced that....economic conditions were good.

 

And I'm sure the Iranian citizens embrace that assessment, too.   :lol:

 

         Related image

 

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On 9/7/2019 at 10:52 PM, 6ly410 said:

The Zimbabwean dollar is the worst in value against the US dollar, about $ 35 million (quadrillion) to the US dollar. Three eggs worth $ 100 billion ZIM.

1831081401567813738.jpg?width=356&height

 

 

            Uh-Oh. Somebody send a Western Union to Weegie in rumors.

                Time to trade those ZIM notes in for some Charmin. :D

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09-01-2020 12:49 PM
image.php?token=9bed140abeb926c62c3e869061ef8c1b&c=6867940&size=
 


 

Baghdad / news

"Bon Bast" website, which specializes in following up the currency market, revealed that the Iranian currency has witnessed a decline against the American currency during the past days, after the military confrontation between Iran and the United States.

The site stated, "The Iranian currency fell from 133,500 riyals to the dollar recorded on January 2, to 140.20 riyals to the dollar, which was reached on Wednesday."

He added that "the Iranian currency has decreased to the lowest level in 7 months due to the confrontation between Tehran and Washington, where the latter assassinated an air raid carried out last Friday by the commander of the Quds Force in the Iranian Revolutionary Guard, Qassem Soleimani, to Iran yesterday yesterday by bombing two bases in Iraq where there are American soldiers." .

 
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The Iranian Central Bank launches open market operations for the first time in its history

11:38 - 18/01/2020
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The information / Baghdad ..

On Saturday, Iran's Central Bank Governor Abdel Nasser Hamti announced the launch of open market operations in the context of implementing monetary policy, for the first time since its establishment.

Hamti said in a statement reported by Fares and viewed by him / the information: “Open market operations are one of the most important tools of monetary policy for central banks in the world, as the Iranian Central Bank, since its foundation 60 years ago, is adopting this tool for the first time, after it was interfering in the money market Via traditional methods. ”

He added, “The Iranian central bank traditionally manages the monetary basis and liquidity. As for the open market, it is operations in which the central bank sells and buys government treasury bonds through banks,” stressing that “the central bank will regulate the interest rate between banks from now on through buying and selling treasury bonds.” Government, to achieve the set inflation targets. ”

He considered my concern, "The launch of open market operations in the monetary policy of the Central Bank of Iran is a revolution in this direction, as it will be launched from today, Saturday, January 18, 2020, and will constitute an important shift in the relationships of local banks with the central bank, and will seriously affect the overdraft of banks." And their debts, deposits, operations between banks or the like. Ended / 25

https://www.almaalomah.com/2020/01/18/450262/

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CBI officially launches open market operation system

January 17, 2020 - 14:23
 
3352718.jpg

TEHRAN - The Central Bank of Iran (CBI) officially launched an open market operation (OMO) system on Thursday, as part of its monetary policy to curb inflation, control interest rates in the interbank market and manage liquidity, IRIB reported.

According to CBI Governor Abdolnaser Hemmati, the main purpose of the open market operations is to control liquidity and inflation in the market.

“Typically, central banks conduct open market operations or buy and sell securities to achieve their macroeconomic goals, namely inflation control and economic growth stability”, Hemmati wrote on his social media.

The main task of this system is the purchase and sales of government bonds, particularly short-term securities such as treasury documents with banks and credit institutions, the official explained. 

In general, OMO is a financial instrument through which central banks buy and sell securities in the open market to expand or reduce the money supply. 

Earlier this month, CBI placed a notice on its website, saying that lenders can manage their need for liquidity or offer their surplus liquidity in the interbank market within the new CBI monetary framework.

According to the notice, the “operating instruments” to inject liquidity into the interbank market include trading in government securities, repurchase agreements backed by foreign currency and government bonds, giving credit in return for collateral (gold, currency, and bonds) and lenders’ parking liquidity in deposits with the central bank.    

CBI has asked lenders to allocate a portion of their assets to trade in bonds. “Given that in the new framework the CBI manages liquidity of banks and non-bank credit institutions based on the issued Islamic bonds, they need to allot a portion of their assets to [buying] bonds,” the CBI said. 

The policy is also backed by the provisions of the budget bill for the next Iranian calendar year (March 2020-21).

In Note 5 of the budget bill for the forthcoming fiscal year, the government has envisioned the launch of OMO for “implementing monetary policy, managing interest rates and controlling inflation”. 

https://www.tehrantimes.com/news/444233/CBI-officially-launches-open-market-operation-system

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News   /   Economy

Iran central banks begins implementing OMO to regulate capital flow

Thursday, 16 January 2020 3:39 PM  [ Last Update: Thursday, 16 January 2020 3:46 PM ]
 
US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)

Photo published by the office of Iranian President Hassan Rouhani shows him speaking at a ceremony to mark the launch of open market operation (OMO) monetary policy by the Central Bank of Iran (CBI) at the CBI headquarters in northern Tehran.

Iran has kicked off implementing open market operation (OMO) policies in its banking system as it seeks better control over the capital flow in the country.

The Central Bank of Iran (CBI), also known as Bank Markazi, said on Thursday that it would start to use OMO policies as of Saturday January 18, 2018.

The announcement was made as Iranian President Hassan Rouhani visited the CBI headquarters in northern Tehran to meet with senior banking officials of the country.

“Today, the supervision of Bank Markazi on banks and the scrutiny have increased and the OMO which was unveiled today and will be implemented from Saturday is a very good move,” said Rouhani while marking the launch of the new monetary policy in Iran.

The CBI had planned to start using OMO measures in late September. The delay comes amid the bank’s struggle to cope with financial difficulties caused by the American sanctions on Iran, including waves of fluctuations in the currency market.

Iran to implement OMO policies in late September: Chief banker

 

CBI governor Abdolnasser Hemmati said on Thursday that OMO policies would greatly improve the central bank’s ability to monitor overdrafts in the banks.

He said the policy, a first to come in Bank Markazi’s 60-year history, should be viewed as a revolutionizing change in the way the country has managed capital flow, especially in interbank lending market.

Despite repeated attempts by the CBI to reduce the interest rate paid to deposits in Iran, banks still prefer rates that are much higher than many other countries in the world.

Experts believe open market operation would give the CBI more control over the interest rates while it would allow a better control over liquidity and inflation in the country.

https://www.presstv.com/Detail/2020/01/16/616347/Iran-CBI-monetary-policy-OMO-launch-Rouhani

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Maybe the CBI will follow suit. Stop the auctions and go to open market operations buying and selling government bonds to fund their operations instead of dollar auctions. I'm not an economist but maybe this decision by Iran will, in some way, help Iraq to take the next step.

great article Butifldrm. 

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