Emailed to Recaps:
Full CBI Announcement with attached PDF translation- Currency 365
News & Announcements
· To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies(foreign exchange rate)
It says according to the decision dated that the central bank of Iraq grants the international price which is the real equivalent rate for the foreign currencies.
(The CBI grants international price)
And in order to determine its value of trading of these currencies in the yearly report.
More over the yearly report should state clearly the above mentioned data that define the real value according to the international ratings.
Directed to the banks and financial institutes that deals with the money and foreign money moreover
And that is effective since the 1st of January 2016
Iran's accounts in foreign banks to reopen on Monday
17 January 2016, 21:39 (GMT+04:00)
Deputy governor of the Central Bank of Iran said that Iran's blocked accounts in foreign banks will be reopened as of Monday, paving the path for transferring country's monetary assets to Iran.
Gholamali Kamyab who was speaking in a press conference said in response to IRNA reporter's question on the reason for increasing of foreign currencies exchange rates after announcement of implementation of JCPOA said that the Sunday rise was surprising and lacked logical justification.
'That is because the CBI had earlier issued a state order according to which the applicants for receiving foreign currencies that had received identification codes could open letters of credit,' added Kamyab.
He said that according to the state order, the applicants for receiving foreign currencies can receive monetary coverage through Muscat Bank of Oman and the Iran and Europe Bank.
He said that a huge number of letters of credit were opened on the first day of implementation of the JCPOA, adding that this was under such conditions that the world banks were closed today and only some Iranian and some neighboring countries' banks were open.
'Therefore, as of Monday with the opening of the foreign countries' banks we expect the activation of our accounts and not only the transfer of our assets but also the opening of a lot more letters of credit.
Kamyab reiterated that after this development offering banking services both to the commercial and to the non-commercial clients is possible.
'Iran has a large market and that is the reason why the foreign banks are very eager to cooperate with our country because in a country in which there is active trade the banks can earn good benefits,' added the CBI top official.
He said that once the world's major banks were working with Iran and today, too, we expect the same to happen, adding that some of them have already contacted the CBI.
Bish: Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.” ― Margaret Mead
SassyD: "Courage is not the absence of fear; it is the conquest of it." -- William Danforth (1870-1955)
Suggahbabie: Good Sunday afternoon Dinarians! I just wanted to give an info link for those who think that RV's are SCAMS!!!! They are not and they have been around for quite some time..enjoy. https://en.wikipedia.org/wiki/Kuwaiti_dinar
Cool 1967: Iranian banks reconnect to SWIFT: CBI http://www.irna.ir/en/News/81924728/
SassyD: US Economy – Slip-Sliding Away -- 01/17/2016 - 12:13 -- http://www.zerohedge.com/news/2016-01-17/us-economy-%E2%80%93-slip-sliding-away
SassyD: The Fed's Stunning Admission Of What Happens Next -- 01/17/2016 11:31 -- http://www.zerohedge.com/news/2016-01-17/feds-stunning-admission-what-happens-next
SassyD: Geeze... did Americans know the UN had the RIGHT to tax Citizens??? .... UN eyes tax on football tickets to pay for humanitarian aid -- 17 Jan 2016 -- LINK
wmawhite The IQD is not traded on forex yet...the info on some sites that show the IQD pegged to the USD is NOT trading data... yet...but it is coming, IMO
EXOGEN: Iranian banks reconnect to SWIFT: CBI
Tehran, Jan 17, IRNA – The Central Bank of Iran (CBI) announced on Sunday that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has removed Iranian banks from its list of sanctioned financial institutions.
[Iranian banks reconnect to SWIFT: CBI]
'Iranian banks will be reconnected to SWIFT without discrimination and the main obstacle on the way of Iranian banks' international links are going to be removed,' CBI Public
Relations Office said in a press release.
The SWIFT's move came on Implementation Day of the nuclear Joint Comprehensive Plan of Action (JCPOA) which marks lifting the sanctions against Iran.