Iranian Banking Provocation

Aug 04 2025

Iran moves to remove zeros from plunging national currency

The economic commission of Iran’s parliament revived long-delayed plans on Sunday to cut four zeros from the counrty’s plunging currency, as part of efforts to simplify financial transactions.

Mar 26 2025

Iran’s currency drops to a record low amid geopolitical uncertainty

Iran's currency fell below the psychologically key level of 1,000,000 rial per U.S. dollar on Tuesday, as market participants saw no end in sight to sanctions under U.S. President Donald Trump's renewed "maximum pressure" campaign.

Feb 18 2025

Five Iraqi banks to be banned from US dollar transactions

Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering, dollar smuggling and other violations, two ...

Jan 17 2025

Bad loans born of cronyism imperil Iranian banking system

A report by Iran's Central Bank has inadvertently highlighted the pervasiveness of insider dealings and corruption that threaten the integrity of Iran’s entire banking system. The report published by Tehran-based

Jan 10 2025

Mafia-style Loan Distribution in Iran

Iranian regime president Masoud Pezeshkian’s government has recently reduced the previous administration’s approved housing loan from 8 billion rials (approximately $9,877) to 6.5 billion rials (approximately

Nov 27 2024

Central Bank of Iran promises CBDC launch, fintech to fight sanctions

Iran will launch a central bank digital currency (CBDC) in the near future, Central Bank of Iran (CBI) governor Mohammad Reza Farzin said at a national banking conference on Nov. 25. He called attention to the

Nov 26 2024

Iran unveils SWIFT competitor called ACUMER

Iran has launched ACUMER, a new banking platform designed to circumvent international sanctions and enhance trade with Asian partners. Farzin, speaking at the 11th Annual Modern Banking and Payment Systems Conference

Nov 22 2024

Audit report unveils surge in loss-making Iranian state companies

A recent report by the Supreme Audit Court of Iran (SAC) has shown a sharp rise in the number of loss-making state-owned companies during President Ebrahim Raisi's tenure, underscoring the country's deep economic

Nov 14 2024

Iran and Russia Link Banking Systems in Effort to Bypass Western Sanctions

Latest Developments • Russia and Iran Connect Banking System: Iran and Russia have begun linking their banking systems to allow Iranians to use their bank cards in Russia — an apparent effort to blunt the impact

Nov 13 2024

Iranian Bank Cards Now Usable in Russia

Iranian bank cards can now be used in Russia, Iranian state television reported, marking a new effort by Tehran and Moscow to counteract Western sanctions through strengthened financial cooperation. "The plan is

Nov 12 2024

Iranian and Russian payment networks connected

Addressing this ceremony, Central Bank of Iran Governor Mohammad-Reza Farzin mentioned integration of the two countries’ banking subsystems as a big step towards creating integrated economic cooperation in the

The Iranian regime is taking a clear path away from not only the US, but also Europe and many other countries. The Iranian people, especially the youth, believe that this is a one way street. But where does it lead?

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