Financial Tribune- Irans banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan that failed to take off. In the meetings that we had with state-owned and private banks for supporting Iranian products, it was decreed that banks consider the policies of allocating loans through credit ...

Iran introduced credit cards for the first time on Sunday, the Iranian Students News Agency (ISNA) reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of ...

The first phase of loans to help Iranians buy domestically-manufactured products will be launched in cooperation with the Central Bank of Iran next week, an official with the Ministry of Industries, Mines and Trade announced. Civil servants and pensioners are the first groups eligible for the lending scheme. Upon receiving the credit cards (each worth ...