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Iran criticizes World Bank politicized approach for years: Finance official
An Iranian deputy finance minister said an announcement last month by the World Bank about data collection irregularities used in compiling the annual Doing Business reports proved Iran was right in its criticism of the body and its rankings.
CBI imposes fresh limit on cash withdrawals from banks
The Central Bank of Iran (CBI) has ordered a new limit on withdrawal of cash from banks amid toughening of rules on money laundering and also concerns about hoarding money because of the new coronavirus pandemic.
Iran, Iraq agree to speed up payment settlements on basic goods
The heads of the central banks of Iran and Iraq have agreed to introduce schemes that could accelerate settlement of payments related to the supply of basic goods to Iran.
Elderly woman drags cot with 120-year-old bedridden mother to withdraw pension from bank
In a shocking incident, a woman was seen taking her 120-year-old mother to the bank in Naupada district of Odisha, India, to withdraw the latter's pension after the bank allegedly demanded physical verification of the account holder.
Unblocking Iran’s resources in foreign banks must be seriously pursued: Rouhani
Iranian President Hassan Rouhani appreciated the efforts by the Central Bank of Iran (CBI) for unblocking Iran’s resources in foreign banks and emphasized on providing the necessary currency for the imports of basic goods.
Singapore bank deposits jump as Hong Kong, virus sow uncertainty
A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial center Hong Kong, analysts said.
New World Bank project to bolster climate action in South Asia
The World Bank Board of Executive Directors approved a $39.5 million project to help South Asia build resilience to climate threats and disasters by sharing regional data and knowledge, developing regional standards and guidelines for infrastructure, and promoting climate-resilient policies and investments.
Iranian banks to sell surplus assets: Deputy minister
Iranian banks and their subsidiaries will sell surplus assets worth $23.8 billion during the current calendar year starting March 20, said the deputy minister of economic affairs and finance.
Monkey enters bank kiosk in India, removes front panel of ATM
Police in India said officers suspecting thieves were behind the damage to an ATM in a bank kiosk reviewed security camera footage and discovered the machine had been partially disassembled by a curious monkey.
Iran gov’t to list banks, insurers in new IPOs worth over $1b
The Iranian government is to list its shares in three banks and two insurance companies to raise over $1 billion in new finances as more public firms launch initial public offerings (IPO) in a stock market where trade is booming like never before.
Moroccan lawmakers to probe banks in bid to overhaul economy
Moroccan lawmakers will investigate the profitability of banks before switching focus to cement makers as the government seeks to rally companies behind its efforts to revamp the economy and spur growth.
Two Afghan banks to open branches in Chabahar port
Iran has approved two Afghan banks to open branches in its southeastern strategic port of Chabahar, announced Secretary General of Iran-Afghanistan Joint Chamber of Commerce Mozafar Alikhani.
Iranian banks’ foreign assets up over 17%
The total value of Iranian banks’ foreign assets by December 21, 2019 stood at about $246.19 billion, registering a 17.3-percent rise compared with the corresponding period last year.
Zarif: Iranian bank to open branch in India
Iranian Foreign Minister Mohammad Javad Zarif said Bank Pasargad plans to open a branch in India to facilitate bilateral trade between the Iran and the South Asian country.

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