The latest news from liquidity and risk management
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US naval blockade and sanctions cripple Iran’s economy with 90% inflation
- The US naval blockade and sweeping sanctions have severely impacted Iran’s economy, sending inflation to 90% and halting oil loadings since late August, according to a new Treasury Department report obtained by Axios.
- Treasury Secretary Scott Bessent launched the campaign, dubbed Operation Economic Outcast, on 24 August, expanding secondary sanctions on foreign companies and banks trading with Tehran in digital assets, gold, aviation, and shipping.
- The Iranian rial has lost approximately 25% of its value since August, hitting a record low of 2.687 million to the dollar on the unofficial market in October, down from about 2.02 million when the campaign began.
- Annual inflation reached 90% in September, up from roughly 35% in early 2025, with Iran’s Statistical Centre reporting the figure at 89.8%.
- Iran has not loaded crude onto a tanker since 25 August, with Treasury sanctioning 17 vessels on 8 October, neutralising most of Iran’s shadow fleet used for shipping sanctioned oil.
- Thousands of trucks are stranded at the Turkish border, with some waiting up to 20 days, whilst multiple countries, including the UAE, Oman, Iraq, Georgia, Azerbaijan and Turkey, have barred Iranian airlines or suspended flights.
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The US naval blockade and sweeping sanctions have severely impacted Iran's economy, sending inflation to 90% and halting oil loadings since late August, according to a new Treasury Department report obtained by Axios.
Devanshee DaveSilver fell below $50 per ounce despite no change in its supply and demand fundamentals, with a sixth consecutive supply shortfall still forecast for 2026.
Devanshee DaveTrade Receivables Discounting System (TReDS) is an RBI-regulated electronic platform that enables MSMEs to obtain early payment against invoices raised on corporates, government departments and public-sector enterprises through competitive bidding by multiple financiers.
Devanshee DaveChina expressed willingness to import more high-quality German products during German President Frank-Walter Steinmeier's visit on Friday, as both countries seek to strengthen trade ties amid rising protectionism between Europe and Beijing.
Devanshee DaveTriState Capital Bank introduced a national treasury management offering tailored for private credit and asset-based lending lenders, as well as specialty finance companies.
Devanshee DaveDevanshee DaveMercantile Bank PLC has signed a memorandum of understanding with Germany-based Tradewind GmbH to enhance trade finance options for export and import customers.
Devanshee DaveCanada and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement on Tuesday aimed at reducing trade barriers, expanding market access and encouraging investment between the two countries.
Devanshee DaveIndian banks face rising costs for hedging dollar interest payments on foreign currency non-resident bank (FCNR(B)) deposits following new Reserve Bank of India regulations under the Foreign Exchange Risk Reserve (FERR) framework.
Devanshee DaveMitsubishi UFJ Financial Group has launched Virtual Account Management (VAM), a digital liquidity solution designed to help clients simplify cash management, improve cash visibility, and streamline treasury operations.
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IFC and Citibank launch $2 billion trade finance facility to expand access for businesses in emerging markets
IFC and Citi launch a $2 billion trade finance facility to expand access to financing for corporate and SME businesses across emerging markets.
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UK trade finance provider Zvilo launches South African operations targeting R2bn in SME working capital
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Ripple and BNY expand Strategic collaboration to advance institutional digital asset custody and tokenised trade finance
Ripple and BNY expand their strategic collaboration on institutional digital asset custody and tokenised trade finance, with XRP and RLUSD support added.
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Jiko brings 24/7 liquid T-bill access to BlackRock Cachematrix platform
Jiko partners with BlackRock Cachematrix to give 7,000 institutional investors access to its 24/7 liquid Treasury bill offering for cash management.
Devanshee DaveAfrica Finance Corporation announced a US$1 billion Unfunded Managed Debt Mobilisation Programme with Munich Re, providing committed risk-sharing support for AFC's trade finance lending to African financial institutions.
Devanshee DaveEtihad Credit Insurance, in collaboration with Natixis Corporate & Investment Banking, First Abu Dhabi Bank, and HSBC Bank Middle East Limited, has signed an agreement to renew and expand support for Trafigura's procurement of UAE-origin commodities.
Devanshee DaveRegions Bank announced the launch of a treasury management solution with Clip Money and NCR Atleos that enables businesses to deposit cash through more than 8,100 Clip Money locations across the United States.
Devanshee DaveMaybank Islamic and Credit Guarantee Corporation Malaysia have launched Malaysia's first supply chain financing guarantee scheme anchored by mid-tier companies, allowing suppliers to receive early payments against approved invoices.
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CrediPort, Capital4Trade, and WaveBL complete first fully digital three-corner electronic letter of credit
CrediPort, Capital4Trade and WaveBL complete a proof of concept for a fully digital three-corner electronic letter of credit covering buyer, seller and financier.
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Ripple Treasury unveils always-on capabilities to transform corporate treasury operations
Ripple has announced new Ripple Treasury capabilities for managing cash, liquidity and payments around the clock, including 24/7 Returns on eligible cash.
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