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Indian bride asks father to donate her dowry money to build girls’ hostel
It is a general practice in most Indian families to start saving for a girl’s marriage from the day she is born.
Iran submits bill to dismantle heavily subsidized exchange rate
The administrative government in Iran has introduced a bill in parliament to remove a heavily subsidized exchange rate which is used to fund imports of staples and medicine into the country.
Iran money supply rose 39.1% y/y in August: CBI
Figures by the Central Bank of Iran (CBI) showed that money supply in the country rose by 39.1% year on year in late August to reach the equivalent of more than $142.5 billion.
IMF sees ‘critical role’ as world transitions to digital money
The International Monetary Fund must ramp up its resources as it seeks to “monitor, advise on, and help manage this far-reaching and complex transition” to digital money, according to an IMF paper.
West African regional bloc adopts new plan to launch single currency in 2027
A group of 15 West African countries have adopted a new road map to launch a single currency in 2027 after its previous plans were derailed by the coronavirus pandemic.
US woman demonstrates her husband’s money-saving techniques
No doubt we all have a cost-cutting trick or two up our sleeve which helps keep household costs down.
Iran wins court order to protect Luxembourg funds against US attempt
The Central Bank of Iran (CBI) has succeeded in securing a court order in Luxembourg to prevent the transfer of nearly $1.7 billion worth of assets from the European country to the United States.
Iran taps sovereign wealth fund to help boost stock market trade
The Iranian government has allowed tapping $200 million from its sovereign wealth fund for the purpose of investment in the local stock market where trade has plummeted sharply in recent months causing discontent among small investors.
Iran’s central bank reiterates ban on trade of cryptocurrencies
The Central Bank of Iran (CBI) has reiterated its ban on cryptocurrency trading, saying people would be solely responsible for losses they incur from buying and selling assets like bitcoin.
Iran boosting smart infrastructure in fight against money-laundering
Iran is calling on experts and firms with an experience in fighting money-laundering schemes to help expand the fight against online activities that can harm the banking and financial services in the country.
Iraq to pay arrears as part of contract with Iran
Iran’s Energy Minister Reza Ardakanian said on Sunday that Baghdad is to release Tehran’s financial resources in line with an agreement earlier reached between the two countries.
Zarif urges South Korea to provide Iran with access to blocked money
Iran’s Foreign Minister Mohammad Javad Zarif in a phone call with his South Korean counterpart on Wednesday said that over the past two and a half years Tehran-Seoul relations have been influenced by South Korea's “illegal” measures, urging Seoul to immediately change its approach toward releasing Tehran’s frozen assets.
Iran’s top banker threatens legal action against South Korea
Iran’s Central Bank Governor Abdolnaser Hemmati said the country reserves the right to take legal action against the freeze of its funds in South Korea.
Iran, South Korea discuss frozen assets issue
Senior officials from Iranian and South Korean foreign ministries discussed the issue of releasing Tehran’s frozen money by Seoul in a phone call on Tuesday evening.

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