Tasnim The Central Bank of Iran (CBI) announced that foreign banks can apply for a license to establish their branches in Iran with at least 5 million euros in capital. In a recently-published circular, the CBI has clarified the instructions for establishing, operating and closing the branches and offices of foreign banks in Iran. The foreign ...

MNA An informed source said the Central Bank of Iran (CBI) has launched a money transfer alternative to the SWIFT, adding that foreign banks are joining the platform one after another. An Iranian official at the CBI told Fars news agency (FNA) on Sunday that the Central Bank of Iran is setting up a platform to conduct banking transactions with ...