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1st Forex ETF in Final Stages

EghtesadOnline: Regulations to establish the capital market's first foreign currency exchange-traded fund have been devised, but its launch is pending a final agreement between the Central Bank of Iran and banks, the head of the Securities and Exchange Organization announced.
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Publish Date:14/January/2018 | 11:12

Tehran-Moscow Bank Card Integration Delayed

EghtesadOnline: The much-touted scheme to integrate the payment systems of Iran and Russia has been slowed in the past couple of months due to lengthy negotiations, the head of Central Bank of Iran ’s Payment Systems Department announced.
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Publish Date:14/January/2018 | 11:11

Dramatic Rise in Egg Prices

EghtesadOnline: Egg prices marked a 9% hike during the week to Dec. 22 compared to the previous week and a 53.7% rise compared with last year’s corresponding week, reaching 126,000-175,000 rials ($3-4.1) for each tray of 30 eggs, a report by the Central Bank of Iran announced.
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Publish Date:14/January/2018 | 11:10

Iranian Banks Finalize Finance Deal with Russia Eximbank

EghtesadOnline: Months after the Central Bank of Iran clinched an agreement with the Export Insurance Agency of Russia to pave the way for Russian banks to fund Iranian projects, four Iranian banks have signed an "unlimited finance deal" with the Eximbank of Russia.
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Publish Date:14/January/2018 | 11:09

Majlis Approves Funding to Disregard Bad Loan Fines

EghtesadOnline: The Central Bank of Iran has parliamentary approval to receive 50 trillion rials ($1.19 billion) to start the next phases of the scheme to write-off fines on non-performing loans with the aim of reviving the principal amount, according to a member of the board of directors of the Planning and Budget Commission of the parliament.
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Publish Date:14/January/2018 | 10:27

Iran Cryptocurrency Policy Soon

EghtesadOnline: The Central Bank of Iran will announce its official policy on cryptocurrencies within the next few months, the monetary regulator’s deputy for international affairs said.
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Publish Date:14/January/2018 | 09:29

CBI to Resume Gold Auctions

EghtesadOnline: The Central Bank of Iran has sufficient reserves of gold bars and coins, and will resume gold coin auctions until the market is fully saturated and prices become stable, the director of CBI's Office for Banknote Issuance announced.
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Publish Date:14/January/2018 | 09:26

Lack of Foreign Banking Ties Impeding Single FX Rates

EghtesadOnline: Deputy Economy Minister Hossein Mirshojaiyan has underplayed the gap between the official and open market foreign exchange rates, saying that a 17% difference between the two would not deter the Central Bank of Iran from moving ahead with rate unification.
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Publish Date:14/January/2018 | 08:31

Islamic Banking Blueprint Devised

EghtesadOnline: A blueprint of Islamic banking has been devised by the Monetary and Banking Research Institute at the request of the Central Bank of Iran Governor Valiollah Seif.
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Publish Date:14/January/2018 | 08:26

Iran's CB Proposes Deferral of Deposit Interest Tax

EghtesadOnline: The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income tax would hurt the Iranian financial system.
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Publish Date:14/January/2018 | 08:24

Plan to Monitor Banks’ IT Performance

EghtesadOnline: The Monetary and Banking Research Institute, affiliated with the Central Bank of Iran , has in the works a new plan to exert constant supervision over the performance of banks in terms of information technology and communications, the head of research group at the institute said.
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Publish Date:14/January/2018 | 08:02

MRC Urges Restraint in Gov’t Bond Issuance

EghtesadOnline: The research arm of the Iranian Parliament has warned against the detrimental effects of the government engaging in a widespread issuance of bonds, especially on bank interest rates, and proposed that the Central Bank of Iran act as the official watchdog of the bonds.
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Publish Date:14/January/2018 | 07:52

Banks Suffering Losses in E-Transactions

EghtesadOnline: Iranian banks’ revenues from electronic payment fees do not exceed 30 trillion rials ($681 million) each year and account for only 17% of their total earnings, the Central Bank of Iran ’s deputy for innovative technologies announced.
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Publish Date:14/January/2018 | 07:51

CBI Does Not Approve of Bitcoin

EghtesadOnline: In what was the strongest rebuke of the Central Bank of Iran to cryptocurrencies yet, the governor of the monetary regulator has said it “does not approve of Bitcoin in any way”.
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Publish Date:14/January/2018 | 07:46

$307m in Loans for Tech-Based Firms

EghtesadOnline: Statistics published by the Central Bank of Iran show that in the first half of the current Iranian year to Sept. 22, banks and credit institutions –mostly privatized lenders–loaned 13.55 trillion rials ($307.9 million) to knowledge-based companies.
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Publish Date:13/January/2018 | 08:47

PPI Inflation at 9.7%

EghtesadOnline: The average Producer Price Index in the 12 months ending Dec. 21, which marks the end of the Iranian month of Azar, increased by 9.7% compared with last year’s corresponding period, the latest report by the Central Bank of Iran announced.
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Publish Date:31/December/2017 | 10:52

AML Violations to Zero Out in Iran Banking Sector

EghtesadOnline: The Central Bank of Iran , in tandem with the Economy Ministry, is actively pursuing anti-money laundering measures to bring down crimes and violations in the banking system to zero in the foreseeable future, CBI's director general for regulations, banking permits and anti-money laundering said.
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Publish Date:30/December/2017 | 05:48

Limit on Bank Account Numbers Enforced

EghtesadOnline: As per the directive recently implemented in the banking system, natural persons are only allowed to open a total of six accounts with each bank while none of the accounts can be of the same kind, the head of the Banking Research and Regulations Department at the Central Bank of Iran said.
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Publish Date:25/December/2017 | 05:52

Iran's CB Sets 3-Month Deadline for State Account Transfer

EghtesadOnline: To finalize the process of transferring the bank accounts of state-owned enterprises to the Central Bank of Iran to boost transparency, the regulator has issued a directive setting a deadline of three months for all the accounts to be moved.
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Publish Date:20/December/2017 | 07:08

CBI: 4-5% Growth Expected

EghtesadOnline: Iran’s economy is expected to experience a 4-5% growth in the current fiscal year to March 20, 2018, Central Bank of Iran ’s Vice Governor Akbar Komijani said.
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Publish Date:13/December/2017 | 14:46