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Presale Crosses 96,000 Gold Coins

EghtesadOnline: The presale of Bahar Azadi gold coins priced at 14 million rials ($311) and 13 million rials ($288) respectively with maturity periods of six months and one year began on Saturday at Bank Melli Iran, as per the directive of the Central Bank of Iran .
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Publish Date:24/February/2018 | 06:39

Tech-Based Firms Get $540m in Loans by Q3

EghtesadOnline: Knowledge-based firms received about 24.4 trillion rials ($540 million) in loans from banks and credit institutions in the first nine months of the current fiscal year to Dec. 21, the Central Bank of Iran announced.
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Publish Date:24/February/2018 | 06:32

Monetary Agreements With 10 Countries

EghtesadOnline: Iran has signed memoranda of understanding and protocols pertaining to monetary agreements with 10 countries, the Central Bank of Iran ’s head of Exports Department said.
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Publish Date:21/February/2018 | 13:08

CBI Marching Toward Forex Market Stability

EghtesadOnline: With its foreign exchange package now in full swing, the Central Bank of Iran says it is aiming to expand the influence of newfangled tools in the medium term and establish a formal foreign exchange market that ensures stability in the long run.
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Publish Date:21/February/2018 | 13:05

Bounced Checks in Decline

EghtesadOnline: The number and value of bounced checks from all checks has continued to decrease for another month, the Central Bank of Iran announced.
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Publish Date:21/February/2018 | 13:01

$32 Billion Worth of Transactions in 1 Month

EghtesadOnline: Shaparak, the payment settlement network and watchdog affiliated with the Central Bank of Iran , processed more than 1.44 billion transactions worth 1.53 quadrillion rials ($32.7 billion) in the 10th Iranian month ending Jan. 20.
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Publish Date:18/February/2018 | 08:02

CBI’s Framework for Payment Aggregators

EghtesadOnline: The Central Bank of Iran has belatedly released its regulatory framework for the operations of payment aggregators, coming one step closer to completing its overarching vision for fintechs and cryptocurrencies.
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Publish Date:13/February/2018 | 07:37

CBI Delays USSD Decision

EghtesadOnline: The Central Bank of Iran has backtracked on its directive that was supposed to be implemented from Sunday and aimed at boosting information safety in the banking system by making end-to-end encryption for card not present transactions mandatory.
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Publish Date:05/February/2018 | 14:35

Gold Coin Up

EghtesadOnline: Bahar Azadi gold coin gained 0.63% on Sunday ahead of a presale by the Central Bank of Iran scheduled on Tuesday.
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Publish Date:05/February/2018 | 14:30

Committee to Help Tackle Shadow Banks

EghtesadOnline: As part of efforts to organize the informal monetary market, particularly the unlicensed credit and financial institutions, a committee is to be formed at the Central Bank of Iran with the sole purpose of dealing with the fallout from these entities going bankrupt.
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Publish Date:04/February/2018 | 07:07

CBI Report Reviews Major Policies

EghtesadOnline: In a performance report covering the period since the current fiscal year began in March 2017, the Central Bank of Iran has reviewed its major monetary policies related to reducing bank interest rates, boosting production and empowering people’s purchasing power.
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Publish Date:04/February/2018 | 07:03

8 Credit Cooperatives Lose License

EghtesadOnline: The Central Bank of Iran recently revoked the licenses of eight credit cooperatives.
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Publish Date:31/January/2018 | 07:28

Banking Cooperation Talks With Swiss Envoy

EghtesadOnline: The governor of the Central Bank of Iran on Monday met with the ambassador of Switzerland in Tehran to discuss improvements in the banking system and the possibility of Iranian lenders opening branches in the Alpine country.
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Publish Date:30/January/2018 | 15:17

Egg Prices Surge, So Do Chicken

EghtesadOnline: According to data released by the Central Bank of Iran on food prices, a carton of 30 eggs cost 126,000-160,000 rials ($2.7-3.5) during the week to January 19 – up 35.8% compared to the same period last year, ISNA reported.
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Publish Date:29/January/2018 | 11:21

Central Bank: Iran PPI Inflation at 9.9%

EghtesadOnline: Average Producer Price Index in the 12 months ending January 20, which marks the end of the 10th Iranian calendar month (Dey), increased by 9.9% compared with the same period last year, the Central Bank of Iran announced.
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Publish Date:29/January/2018 | 11:14

Banking Industry Welcomes CBI Transaction Encryption Initiative

EghtesadOnline: Two days after the Central Bank of Iran published a directive that makes end-to-end encryption mandatory for card not present transactions, banking industry players have apparently welcomed it as a positive move.
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Publish Date:29/January/2018 | 11:09

Dozens of Exchange Shops Licensed by CBI

EghtesadOnline: In its bid for a more organized and financially healthy foreign exchange market, the Central Bank of Iran has licensed dozens of new exchange shops since the middle of summer.
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Publish Date:28/January/2018 | 06:56

Central Bank Puts Iran Inflation at 10%

EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending Jan. 20, which marks the end of the Iranian month of Dey, increased by 10% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran announced.
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Publish Date:27/January/2018 | 06:47

Mandatory Encryption for CNP Transactions

EghtesadOnline: In what the Central Bank of Iran has referred to as the “first step in improving the security level of platforms for people’s monetary transactions”, the regulator has issued a directive stating that as of Feb. 4, all card not present (CNP) transactions without end-to-end encryption, except those aimed at paying public bills, will be prohibited and any bank that engages in them will be cut off from Shetab interbank and Shaparak payment networks.
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Publish Date:27/January/2018 | 06:35

CBI Plans Presale of Gold Coins

EghtesadOnline: With the aim of stabilizing the gold market, boosting supply and facilitating easier access for people, the Central Bank of Iran is to start the presale of gold coins from Feb. 4, the director of the regulator's Office for Banknote Issuance announced.
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Publish Date:27/January/2018 | 06:25