Central Bank of the Islamic Republic of Iran

Turkey, Russia and Iran have agreed to use their local currencies for trade between the three countries, according to Central Bank of Iran Governor Abdolnaser Hemati on Sept. 7.

Iran replaced its central bank chief on July 25, local media reported, amid fallout over banking scandals and the crisis facing the country's economy.

Iran has raised bank deposit rates and frozen the accounts of hundreds of foreign exchange dealers in a bid to shore up the value of the rial, reports said on Feb 15.

A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran's central bank president said on Sept. 16.

The contract was signed in Beijing between China's CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif.

Iran has secured an eight-billion euro credit line from South Korea's Eximbank, the Islamic republic's biggest loan deal since its 2015 nuclear accord, the Iranian central bank announced on Aug. 24.

Turkey is taking steps to give its Central Bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings.

The Turkish Central Bank?s gross foreign currency reserves have decreased to below $100 billion for the first time since 2012.

Iran has assets of $29 billion in overseas banks that could be unlocked under a nuclear deal -- far less than reported estimates of over $100 billion, the country's central bank chief said.