Capital Market Role in the Economy Improves Slightly

EghtesadOnline: Funding via the money and capital markets reached close to 36,860 trillion rials ($131 billion) in fiscal 2021-22.

Currency Trade via Nima Exceeds $4b

EghtesadOnline: Currency trade in the secondary market, known locally as Nima, reached almost $4 billion from the beginning of the fiscal year in late March to May 9.

Regulator Piles Pressure on Unauthorized Insurance Apps

EghtesadOnline: The Central Insurance company of Iran (CII), the regulatory body of the industry, has added four names to the blacklist of unauthorized applications selling insurance policies.

IME Spot Market Trade Hits $2b in One Month

EghtesadOnline: More than 7.23 million tons of goods worth 599 trillion rials ($2.1 billion) were traded in the spot market of Iran Mercantile Exchange in the last calendar month to April 20.

Iran Gov’t to Boost Lending to SMEs

EghtesadOnline: The Central Bank of Iran Tuesday issued instructions to lenders updating support policies for small and medium-sized enterprises.

25 Bank Melli Subsidiaries on Divestment List

EghtesadOnline: Bank Melli Iran, the biggest lender, has released an inventory of 25 properties it owns to be divested in the fiscal year ending March 2023.

Growth in Monetary Base Linked to Mounting Bank Debts to CBI

EghtesadOnline: New monetary data show growth in the monetary base is driven more by bank debts to the Central Bank of Iran and less by CBI’s foreign debts.

Tehran Stock Exchange Gains 0.75%

EghtesadOnline: Tehran stock closed higher on Tuesday extending a bullish trend that has lasted for five sessions in a row.

Metrics Are Under Review to Slowly Remove Forex Subsidy

EghtesadOnline: The Economy Minister Ehsan Khandouzi said Tuesday the government is determined to take the first step towards gradually eliminating subsidized currency in this fiscal year.

PSP Market Overview

EghtesadOnline: The latest monthly report by Iran's e-payment network, Shaparak Company, shows Saman Electronic Payment company (SEP) tops the list of payment service providers in terms of the volume of transactions in the month to March 20.

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