Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) …
Read More »Iran Shifts National Economy from Dependence on Oil
Iran has shifted national economy from dependence on oil over the past two years due to the conditions created in the country, an official with Central Bank of Iran (CBI) says. Gholamreza Panahi, CBI Vice Governor for Foreign Exchange Affairs, made the remarks at a specialized economic meeting in Tehran …
Read More »EU Lambasts US Opposition of Iran’s Loan Request from IMF in Battling COVID-19
EU Foreign Policy Chied Josept Borrell expressed his deep regret over the US opposition of Iran’s loan request from the International Monetary Fund (IMF) in the fight against the novel coronavirus, COVID-19.
Read More »World Economy Faces Worst Year Since 09 as Virus Hopes Fade
The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound.
Read More »Iran has Established Unsanctionable Intl. Banking Ties
The governor of the Central Bank of Iran (CBI) announced that the country has created international banking ties which are neither sanctionable nor FATF-reliant.
Read More »World Bank Head Says Virus Expected to Weigh on First-Half Global Growth
World Bank President David Malpass said global economic growth in the first half of 2020 is likely to fall short of the 2.5% pace that the lender has forecast for the full year.
Read More »China Is Likely to See a V-Shaped Recovery. PBOC Deputy Says
China’s economy is likely to pick up quickly after the coronavirus is contained and stage a V-shaped recovery. according to a senior official with the nation’s central bank.
Read More »FATF Blacklisting to Serve as Justification for Inhumane Sanctions on Iran
Iranian President Hassan Rouhani condemned the Financial Action Task Force’s decision to blacklist Iran. saying the move will be used to justify the intensification of inhumane sanctions on the country.
Read More »Iran`s Main Stock Market Keeps Rising despite Rial Fall
The total value in the main Iranian stock exchange has reached all-time highs thanks to a boom in trade.
Read More »Turkish State Banks Move to Lift Lira as Market Rout Deepens
Turkish state lenders flooded the market with dollars on Thursday to help take the edge off a deepening lira rout amid concern the country is edging closer to a military conflict with Russian-backed forces in Syria.
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