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 […]

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 […]

 Iranian Foreign Ministry Spokesman Bahram Ghasemi has condemned the US new sanctions against Iran’s Central Bank head, calling them US reaction to worldwide condemnations against its JCPOA exit. Ghasemi added that the new United States sanctions were imposed after the US failure [in mobilizing the world against Iran] following its unilateral withdrawal from the nuclear deal […]

Governor of the Central Bank of Iran (CBI) Valiollah Seif said that banking ties between Iran and Croatia will be expanded. Speaking in his meeting with Martina Dalić, Deputy Prime Minister of Croatia and Minister of Economy, Small and Medium Entrepreneurship and Crafts, Seif pointed to the strong determination of governments of the two countries for promoting bilateral trade ties […]

TEHRAN – Some 37.5 trillion rials (about $889.5 million) worth of banking facilities were provided to Iranian knowledge-based companies during the past Iranian calendar year (March 2017-March 2018), Mehr news agency reported on Saturday. According to Central Bank of Iran (CBI), only in the last month of the past calendar year (February 20-March 21, 2018) […]

TEHRAN- The Central Bank of Iran (CBI) officially banned the use of cryptocurrencies, such as bitcoin, in financial transactions. The act is to prevent crimes such as money laundering and terrorism, the Public Relations Department of CBI announced. The ban applies to all monetary and financial centers of the country, including banks, financial institutes and […]

TEHRAN – A lawmaker announced on Tuesday that 163 members of the parliament in a letter to President Rouhani have called for the dismissal of central bank governor Valiollah Seif. By pointing the fall of the rial, the MPs have said Seif has been unable to control the foreign currency market, Javad Abtahi was quoted […]

Central Bank of Iran Governor Valiollah Seif urged responsible officials in the country to provide suitable ways for foreign investors in order to invest capital in the country with peace of mind. Facilitation of business environment is one of the main strategies to attract Foreign Direct Investment (FDI) in the country, he said, adding, “Iran […]

TEHRAN- Iran’s liquidity stood at 14.63 quadrillion rials (about $325 billion) during the 10th Iranian calendar month of Dey (December 21, 2017- January 19, 2018), according to a report released by the Central Bank of Iran (CBI). The CBI announced that the liquidity figure shows 22.3 percent growth in comparison with the same period in […]

 The 57th annual meeting for the General Assembly of the Central Bank of the Islamic Republic of Iran has kicked off Sun. morning, with President Rouhani in attendance. The General Assembly of the Central Bank of the Islamic Republic of Iran is chaired by the president, and includes Minister of Economic Affairs and Finance, Head […]