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Inflation rate stands at 9.9%: CBI 25 Feb 2018

Inflation rate stands at 9.9%: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the eleventh Iranian calendar month Bahman (February 19) compared to the same period in the previous year hit 9.9 percent. It is while the Statistical Center of Iran had previously put the inflation […]

CBI rejects crypto as means of payment 19 Feb 2018

CBI rejects crypto as means of payment

In its reaction to the release of a news in media outlets, Central Bank of Iran (CBI) warned categorically on the sales of cryptocurrency in cooperation with the bank. Given the above issue, bitcoin and other cryptocurrencies has not thus far been introduced as the official currency by the CBI, so that this bank does […]

CBI governor warns on bitcoin again 11 Jan 2018

CBI governor warns on bitcoin again

Once again, Central Bank of Iran (CBI) Governor Valiollah Seif warned on cryptocurrency “bitcoin” and said, “CBI does not endorse bitcoin at all.” Turning to bitcoin transactions, he added, “although transactions with this cryptocurrency have become widespread, people should be careful about this issue seriously.” Transacting with bitcoin is followed with several risks, he said, […]

Iran seeks below 5% inflation rate 23 Dec 2017

Iran seeks below 5% inflation rate

TEHRAN- Iran tries to push down its inflation rate to below five percent within the next few years, Central Bank of Iran (CBI) Deputy Governor Akbar Komijani announced addressing SEANZA’s meeting of central bank governors in Tehran. “Iran could manage to reach a single-digit inflation in 2016, which was unprecedented during the past 25 years”, […]

Bitcoin in Iran awaiting CBI decision 09 Dec 2017

Bitcoin in Iran awaiting CBI decision

Bitcoin, the digital currency that has dominated headlines in recent weeks, continued its march higher as it broke for the first time ever above $17,000 on Thursday. Despite queries over its real value and worries about its dangerous bubble, the cryptocurrency has drawn attention of many people in the business community as the fastest growing […]

Liquidity grows 24.3% yr/yr 15 Oct 2017

Liquidity grows 24.3% yr/yr

TEHRAN- Iran’s liquidity in the fifth month of current Iranian calendar year, Mordad (July 23-August 22, 2017), showed 24.3 percent rise compared to the same time in the previous year. According to a report released by the Central Bank of Iran (CBI), liquidity stood at 13.66 quadrillion rials (about $340.05 billion) in the said month. […]

Foreign exchange Rise After CBI Directive 07 Sep 2017

Foreign exchange Rise After CBI Directive

Foreign exchange rates increased in Tehran’s market on Wednesday, following the Central Bank of Iran’s latest regulations concerning foreign currency offered at banks to travelers. According to the latest directive by the policymaker published on its official website, banks are allowed to “sell travel currency at open market rates starting from September 11”. That is […]