Iran’s coverage: Iran cabinet approves proposal on replacing national currency

Daily look at Iran’s late-breaking news and upcoming events:

 

Iran’s official currency to be changed from Rial to Toman

In a cabinet session on Wednesday, President Hassan Rouhani’s administration approved a bill to drop one zero from the country’s national currency, changing its name to Toman.

JCPOA supervising committee meets on ISA

Chaired by President Rouhani, Parliament JCPOA Supervising Committee held meeting on Wednesday morning to discuss ISA.The meeting took 2 hours examining ways for reciprocal measures against US probable violations of JCPOA.

 

U.N. nuclear watchdog confirms Iran shipped sensitive material abroad: diplomat

Iran has shipped 11 tonnes of heavy water abroad to bring its stock back under a limit set by its landmark nuclear deal with major powers, according to a diplomat citing a confidential U.N. nuclear watchdog report.

Iran writes official protest letter to UN chief on US ISA violation

Iran’s Permanent Representative to the UN Gholamali Khoshrou in a letter to the United Nations Secretary General Ban Ki-moon voiced Iran’s official protest to the recent extension of Iran Sanctions Act (ISA) by the US Congress and Senate.

 

Zarif describes Japan’s role in implementation of JCPOA as ‘constructive’

Iranian Foreign Minister Mohammad Javad Zarif has talked of Japan’s role in implementation of some of the regulations and articles of the Joint Comprehensive Plan of Action (JCPOA) describing the role as ‘constructive’.

 

Salehi, French counterpart discuss bilateral ties in Vienna

Head of AEOI Salehi met with CEA head, Verwaerde, in Vienna on Tuesday.

 

Zarif: Iran safest market for foreign investors

Iranian Foreign Minister Mohammad Javad Zarif described Iran as one of the safest regional countries and a safe market for foreign investors.

 

Shell to agree to develop Iran oil field: ministry

Royal Dutch Shell PLC will agree on Wednesday to develop a major Iranian oil field, an Iranian oil-ministry spokeswoman said, suggesting giant energy companies won’t let President-elect Donald Trump’s pledge to undo the Iran nuclear deal deter them from investing.

 

Russian company signs deal with Iran on aeronavigation systems development

Russia’s arms producer signed an agreement with an Iranian aeronavigation holding on further research and development projects, the company said Wednesday in a press release.

 

Marriott is first US hotel group to eye Iran

Marriott International has become the first US hotel group to announce its interest in the Iranian tourism market which is seeing a march by global hospitality companies in search of opportunities.