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Forex market controlled for the nth time 24 Apr 2019
: CBI governor

Forex market controlled for the nth time

"The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management," the central bank governor Abdol-Naser Hemmati wrote on his Instagram on Wednesday.

China’s Bank of Kunlun to continue coop. with Iran 22 Apr 2019

China’s Bank of Kunlun to continue coop. with Iran

China’s Bank of Kunlun on Monday announced that it will continue cooperation with non-sanctioned Iranian banks for transactions and also payments related to non-sanctioned goods.

Cabinet studying currency reconversion, lopping off 4 zeroes of nat. currency 17 Apr 2019

Cabinet studying currency reconversion, lopping off 4 zeroes of nat. currency

According to the request of the Central Bank of Iran (CBI), the economic committee of the cabinet has on agenda the plan to eliminate four zeros from the national currency rial and to introduce a new one.

CBI denies rumors of loan request from IMF 14 Apr 2019

CBI denies rumors of loan request from IMF

Central Bank of Iran has dismissed rumors about Tehran’s request for a loan from International Monetary Fund.

Supporting “domestic production”, main priority of banking system in current year 07 Apr 2019
CBI governor:

Supporting “domestic production”, main priority of banking system in current year

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that backing domestic production is the main priority of the Central Bank of Iran (CBI) in the current year (started Mar. 21, 2019).

Iran’s Central Bank Says to Introduce Company for Facilitating INSTEX 23 Feb 2019

Iran’s Central Bank Says to Introduce Company for Facilitating INSTEX

The Central Bank of Iran (CBI) announced that it will soon name a company in the country for facilitating cooperation with the European Union based on its financial mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges (INSTEX). In a statement released on Saturday, the CBI’s public relations department said […]

Currency reconversion not a turning point in economic reformation 09 Jan 2019

Currency reconversion not a turning point in economic reformation

One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes. […]

Iran, Syria explore facilitation of bilateral banking transactions 01 Jan 2019

Iran, Syria explore facilitation of bilateral banking transactions

 In a meeting between Central Bank of Iran (CBI) Governor Abdolnaser Hemmati and Syrian Minister of Economy and Foreign Trade Mohammad Samer al-Khalil in Tehran on Monday, the two sides investigated the ways to facilitate banking transactions between Iran and Syria, CBI website published. As reported, establishment of a joint bank was one of the […]

External debt down 10.7% 25 Dec 2018

External debt down 10.7%

According to the newest data released by the Central Bank of Iran (CBI), Iran’s debts to foreign lenders in the end of the seventh Iranian month of Mehr (October 22) stood at $10.093 billion, showing 10.7 percent decrease in comparison with the announced figure in the first Iranian calendar month of Farvardin (March 21- April […]

Tax revenues rise 14% in 7 months on year 18 Dec 2018

Tax revenues rise 14% in 7 months on year

Iran’s tax incomes during the first seven months of the current Iranian calendar year (March 21-October 21) has risen 14.2 percent compared to the same period of time in the previous year, ISNA reported on Monday citing the data released by the Central Bank of Iran (CBI). As reported, Iranian government has received 750 trillion […]