Economy of Iran
Iran raises rates, closes accounts to shore up rial
Iran has raised bank deposit rates and frozen the accounts of hundreds of foreign exchange dealers in a bid to shore up the value of the rial, reports said on Feb 15.
Hakan Atilla’s acquittal request denied by US court
A judge in New York on Feb. 7 turned down the request by former Turkish state banker Mehmet Hakan Atilla to be acquitted of violating U.S. sanctions on Iran.
The US Imposed Sanctions on Iranian Companies due to the Missile Program
The US has imposed sanctions on five Iranian legal entities for their involvement in Iran's missile program, the BNR said. These are industrial companies, affiliates of the industrial group "Shahid Bakery".
The US is Preparing New Sanctions for Iran
Washington is considering the possibility of introducing new sanctions against Iran, the news agencies reported quoting anonymous US administration official.
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Cash trickles back into bank accounts
Deposits in Greek banks rose by just 2.7 billion euros in the year from December 2016 to November 2017, confirming that restoration of the flow of money back into the credit system is proceeding at a particularly slow rate.
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Gov't reduces investment to fund delayed handouts
Public investments appear to have been sacrificed this year on the altar of budget surplus overruns and handouts. According to the official data on budget execution for the first 11 months of the year, Public Investment Program spending missed its target by 818 million euros.
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IMF approves $2 bln loan installment for Egypt
The International Monetary Fund on Dec. 20 approved the third installment of a $12 billion, three-year loan for Egypt, bringing the total released to date to just over $6 billion.
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Turkish officials seize Reza Zarrab’s private jet at Istanbul airport
Turkish officials on Dec. 7 seized a private jet at Istanbul’s Atatürk Airport belonging to Turkish-Iranian businessman Reza Zarrab, who became a key witness in the case of Turkish bank executive Hakan Atilla tried over evading U.S. sanctions on Iran.
Turkish bank executive Atilla denied links with Zarrab in first interrogation
A Turkish bank executive on trial in New York over violating U.S. sanctions on Iran has denied having links with Turkish-Iranian businessman Reza Zarrab in his first interrogation after being arrested in the U.S.
Turkey will protect banks from fall-out of Zarrab case, minister says
Turkish government will take necessary measures if its banking system is impacted by an ongoing United States court case over alleged Iran sanctions evasion, Finance Minister Naci Ağbal told Reuters in an interview.