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The Iranian cabinet has finalized a financial plan to rename the country’s currency from the Rial to the Toman, based on which every ten Rials count for one Toman.

An advisor to Iran’s Minister of Roads and Urban Development says the country’s bank interest rate is in need of immediate reform.

The official rate of the Great Britain Pound, GBP, in the Iranian exchange market has witnessed a significant growth of up to 1,300 rials in a matter of one month.

In the latest update released on July 22, 2017 of the list of authorized currency exchange offices, Iran’s Central Bank has increased the number to 550, up from 419 on March 5.

According to the latest statistics released by Iran’s Central Bank, there are currently 23,300 branches of different banks and credit institutions operating in Iran’s economic sector. That means there is one branch for every 34,000 Iranians.

Iran's Minister of Communications says preparations are being made for the operation of a mobile government system as part of larger E-government comprehensive plans.

top Iranian banking observer stresses that International Financial Reporting Standards (IFRS) need to be gradually put in practice in Iran’s banking system.

Iran's Saman Insurance has signed a contract with the world's largest reinsurance company Munich Re, Ahmadreza Zarrabieh, CEO of Saman Insurance said on Wednesday.

The Economic Affairs Deputy of Iran’s Central Bank says the country’s inflation base year has been updated, elevated from 2011 to 2016.

The Head of Iran’s Central Chamber of Cooperatives has proposed the formation of an Iran-Turkey joint committee on trade and economy.