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Iran Fara Bourse

Iran Fara Bourse ready to carry out the first ITO in a regulatory sandbox! – Daily Market News

by date: 13 February 2019in News & Reports No Comments

Iran Fara Bourse ready to carry out the first ITO in a regulatory sandbox!

Market News

– After the ratification of the first official regulatory framework for crypto-currencies by the Central Bank of Iran, now Iran Fara Bourse is ready to perform the first asset-backed ITO (initial token offering) in a regulatory sandbox which redeems any need for a change in rules of law. Asset-backed ICOs will be under the supervision of SEO since it is related to tokenization of listed securities. CBI shall depict a framework for other types of these cryptos backed by FX, precious metals, etc.

INSTEX

INSTEX have no ties with Iran joining the CFT convention! – Daily Market News

by date: 3 February 2019in News & Reports No Comments

INSTEX have no ties with Iran joining the CFT convention!

Market News

– After the official inauguration of Europ Union’s Iran related SPV (INSTEX) there were rumours that EU members obliged Iran to join the CFT convention in order for the vehicle to be pragmatic. A thorough read of EU statements show that Iran is only expected to adhere to JCPoA clauses, however,

Iran related SPV

EU officially announced the inauguration of INSTEX; Iran related SPV! – Daily Market News

by date: 2 February 2019in News & Reports No Comments

EU officially announced the inauguration of INSTEX; Iran related SPV!

Market News

– On Friday and after a long period of delay, EU members officially announced the inauguration of their Iran related SPV, named INSTEX. Foreign ministers of UK, France and Germany noted that the INSTEX is to engage in trades of humanitarian goods at first yet it will grow into sanctioned trades after a while.

Iran related SPV

More ambiguities towards Iran related SPV! – Daily Market News

by date: 30 January 2019in News & Reports No Comments

More ambiguities towards Iran related SPV!

Market News

–  After EU reneged on the announcement of the official inauguration of Iran related SPV due to an apparent disagreement between Italy and Spain, now the German foreign affairs minister told the press (by unconfirmed sources) this structure will only cover trades of goods that are not sanctioned by the united states. This is, if true, in direct violation of the SPV ultimate goal to circumvent the US sanctions after its withdrawal from JCPoA. The FX and gold coins markets reacted to this news fast and once again went rogue in price hikes. 

Iran oil sector

Iran oil sector to finance by Islamic Sukuk Securities! – Daily Market News

by date: 28 January 2019in News & Reports No Comments

 Iran oil sector to finance by Islamic Sukuk Securities!

Market News

– Securities and Exchange Organization gave the green light on the issuance of a new round of Sukuk Al-Intifa’a for a private corporation active in Iran oil sector. Saba Arvand Oil & Gas Development Co. will issue these securities backing up by 4 years of oil sales proceeds over 11 rigs.

Image of data against composite image of european union flag and clouds

EU to implement Iran dedicated SPV in a week! – Daily Market News

by date: 22 January 2019in News & Reports No Comments

EU to implement Iran dedicated SPV in a week!

Market News

– Reported by Euronews, the EU foreign affairs council (FAC) has decided yesterday to implement long-awaited “Iran dedicated SPV” aiming to circumvent the US sanctions and make path clean for European firms to do business with Iran in less than a week. EU members held a meeting in Brussels just the other day and made final calls in that regard. This could have massive effects on Iran FX market and if follows by the ratification of FATF related amendments, it could prevent complete isolation of the nation from the outside world. 

Iran Oil Sales

Reuters claims Iran Oil Sales reached below 1 mn barrels! – Daily Market News

by date: 21 January 2019in News & Reports No Comments

Reuters claims Iran Oil Sales reached below 1 mn barrels!

Market News

– On its latest report, Thompson Reuters claimed that during the last two months of 2018 Iran has exported less than 1 mn barrels of crude per day (Iran Oil Sales down). This is while that two major importers of Iranian oil, Japan and South Korea, just started their imports again after the US exemptions. Below picture has the details:

Iran Imports

Iran allows raw materials imports up to USD 300 mn without actual FX transferring! – Daily Market News

by date: 19 January 2019in News & Reports No Comments

Iran allows raw materials imports up to USD 300 mn without actual FX transferring!

Market News

– After Iran central Bank’s rigour regulations on Imports/Export activities, now cabinet members are to ratify a bill allowing imports of raw materials up to USD 300 mn from export currency resources (a clearing process) without the need to actually transfer FX inbound/outbound the country. This is to ease merchants minds from being forced to enter their trade proceeds into domestic FX markets (NIMA and SANA platforms). 

Iran Energy Exchange

Iran offers crude at $52.42 bp on Iran Energy Exchange! – Daily Market News

by date: 14 January 2019in News & Reports No Comments

Iran offers crude at $52.42 bp on Iran Energy Exchange!

Market News

– After series of unconfirmed news around the third batch of oil offering on Iran Energy Exchange, now the deputy international affairs of NIOC announced that Iran will sell 1 mn barrels of its crude on January 21, 2019, at a price of 52.42 US dollars. The smallest lot shall be no less than 35K barrels per each order. Iranian officials have granted NIOC a green light for 3 mn barrels offering on IRENEX. This issue could be settled completely in Iranian Rials and has a clearing period of 90 days instead of 60.