Tuesday, 7 February , 2023
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EU payments channel for Iran to act as monetary agreement 27 Oct 2018

EU payments channel for Iran to act as monetary agreement

Governor of Central Bank of Iran (CBI) said Fri. that the EU’s financial mechanism to ease trade transactions with Iran will act as a bilateral monetary agreement, allowing exporters to receive their foreign exchange earnings through it. Abdolnaser Hemmati wrote in a post on Friday that the details of a new European Union mechanism to […]

External debt down 5.6% 24 Sep 2018

External debt down 5.6%

According to the newest data released by the Central Bank of Iran (CBI), Iran’s debts to foreign lenders in the end of the fourth Iranian month of Tir (July 22, 2018) stood at $10.66 billion, showing 5.6 percent decrease in comparison with announced figure in the first Iranian calendar month of Farvardin (March 21- April […]

$13b allocated to supply basic goods 23 Sep 2018

$13b allocated to supply basic goods

 Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati announced that $13 billion has been allocated to supply basic goods required in the country. As the official has previously announced CBI has paid €3.2 billion to import basic goods during the past month. “In the past month, €1.8 billion has been paid for importing basic […]

Ex-governor of CBI appointed as presidential advisor 15 Sep 2018

Ex-governor of CBI appointed as presidential advisor

 Iranian President Hassan Rouhani appointed the ex-governor of the Central Bank of Iran (CBI), Valiollah Seif, as his special advisor for monetary and banking affairs. Despite the critics repeatedly lashed out at Seif for his policies, in particular those about foreign currency market during his office at CBI, Rouhani selected him as his advisor in […]

CBI orders acceleration of export-related currency supply 11 Sep 2018

CBI orders acceleration of export-related currency supply

In a directive issued by the Central Bank of Iran (CBI), supply of currency obtained from exports will accelerate. Central Bank of Iran (CBI) notified the executive instruction to the responsible organizations in six paragraphs on the removal of currency obligations of exporters and return of currency obtained from export of goods to the economic […]

Ex-CBI Chief under Investigation over Corruption Case: Judiciary 09 Sep 2018

Ex-CBI Chief under Investigation over Corruption Case: Judiciary

The Iranian Judiciary is investigating the former governor of the Central Bank of Iran (CBI) over recent economic corruption cases, the Judiciary’s Spokesman Gholam Hossein Mohseni Ejei announced. Speaking at a televised program on Saturday night, Ejei said some government officials have been investigated for possible involvement in the recent financial corruption cases. Regarding the disruptions to […]

CBI Against Market Intervention 16 Aug 2018

CBI Against Market Intervention

Hemmati believes that the main weight of the currency market is directed toward the Secondary Forex Market and that currently 95-96% of imports take place in the secondary market. Central Bank of Iran’s Governor Abdolnasser Hemmati said the regulator’s policy under his watch continues to be non-intervention in the foreign exchange market. “We have said […]

Former CBI governor must be held responsible for market rigging: MP 14 Aug 2018

Former CBI governor must be held responsible for market rigging: MP

An Iranian MP said on Tuesday that the former CBI governor Valiollah Seif must be held liable for rigging in gold and currency markets. Mohammad Hassannejad, a member of Iranian Parliament’s Economic Commission, said that the former governor of the Central Bank of Iran (CBI) Valiollah Seif must be held responsible for riggings in the […]

Details of currency rules unveiled 07 Aug 2018

Details of currency rules unveiled

TEHRAN – The Central Bank of Iran (CBI)’s new foreign currency package, approved by the Cabinet on Sunday evening, would come into effect on Tuesday, CBI governor announced in a televised interview on Sunday night. “The new package will expand domestic secondary market, where only 20 percent of non-oil exporters could offer their foreign currencies […]

Iran approves new forex policies 05 Aug 2018

Iran approves new forex policies

TEHRAN- The Supreme Council for Economic Coordination reviewed and approved Central Bank of Iran (CBI)’s new general foreign currency policies as well as solutions to accelerate fighting corruption in domestic economy, Fars news agency reported on Saturday. According to the council’s Saturday morning session, led by President Hassan Rouhani, the details of the approved policies […]