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PPI Inflation at 8.9%

EghtesadOnline: The average Producer Price Index in the 12 months ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 8.9% compared with last year’s corresponding period, the latest report by the Central Bank of Iran said.
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Publish Date:01/November/2017 | 06:18

Initiative to Stem Shadow Banks’ Growth

EghtesadOnline: President Hassan Rouhani has approved a bilateral initiative between the Central Bank of Iran and the Interior Ministry, which will grant the necessary authority to the two entities to prevent the formation of more illegal credit institutions in the future, a deputy interior minister said.
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Publish Date:28/October/2017 | 11:36

Business-Friendly Forex Overhaul by March

EghtesadOnline: The Central Bank of Iran will conclude the process of overhauling the country's foreign exchange policies and rules by the end of the current Iranian year in March 2018, making them more business-friendly.
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Publish Date:28/October/2017 | 11:34

Iran-Russia Bank Card Integration in 3 Months

EghtesadOnline: The first stage of integrating the banking payment systems of Iran and Russia will be implemented in the next three months, announced the CEO of Informatics Services Corporation of Iran–a leading developer of banking and payment solutions affiliated with the Central Bank of Iran .
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Publish Date:28/October/2017 | 11:23

Official: Iran developing good banking ties with other states

EghtesadOnline: Governor of the Central Bank of Iran (CBI) said that after implementation of the Joint Comprehensive Plan of Action (JCPOA), Iran's banking relations with world countries have considerably improved.
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Publish Date:24/October/2017 | 14:26

CBI, Russia’s Exiar Sign Finance Deal

EghtesadOnline: The Central Bank of Iran has signed an agreement with the Export Insurance Agency of Russia that will pave the way for Russian banks to allocate finance to their Iranian counterparts.
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Publish Date:23/October/2017 | 10:16

Banks Obliged to Set Up Compliance Department

EghtesadOnline: The Central Bank of Iran in its latest directive publicized on Saturday obligates all certified financial institutions to establish an independent compliance department, as it moves to plug the hole on Iranian banks' shortfalls in meeting global anti-money laundering and combating terrorism financing regulations.
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Publish Date:23/October/2017 | 09:28

Iran, Turkey Sign Currency Swap Deal

EghtesadOnline: Shortly after Iran and Turkey signed a draft of currency swap agreement, Governor of the Central Bank of Iran Valiollah Seif hailed the fact that the country has managed to reverse its banking stature as a result of the nuclear accord.
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Publish Date:15/October/2017 | 10:57

Iranian Officials Attending IMF-WB Meeting

EghtesadOnline: Iranian Economy Minister, Masoud Karbasian along with the Governor of the Central Bank of Iran Valiollah Seif left Iran on Wednesday to take part in the autumn meetings of the International Monetary Fund and the World Bank in the US.
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Publish Date:15/October/2017 | 10:54

Central Bank of Iran Assures Long-Term Forex Stability

EghtesadOnline: The Central Bank of Iran distinguishes between temporary fluctuations and long-term trends in the foreign exchange market and closely considers this in its decision-making to ensure forex stability in the long run, the policymaking body's governor said.
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Publish Date:15/October/2017 | 10:50

Call for Iran-Sri Lanka Euro Dealing

EghtesadOnline: In line with Central Bank of Iran ’s policy of ditching the US dollar in favor of the euro, Iran’s ambassador to Colombo has called on Sri Lankan banks to trade with Iran in the European Union’s single currency.
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Publish Date:15/October/2017 | 10:46

Russian Firm Signs Contract to Develop Int'l Payment Infrastructure for Iran

EghtesadOnline: The Informatics Services Corporation, a leading developer of banking and payment solutions affiliated with the Central Bank of Iran , has signed a deal with Russia's BPC to develop a national platform to link international card payment systems with Iran's.
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Publish Date:15/October/2017 | 10:44

Large Share of Household Food Expenses Tied to High Costs

EghtesadOnline: The recent Household Expenditure Survey by the Central Bank of Iran shows food and beverages had a 23% share in the Iranian households’ expenditures in the last fiscal year (ended March 20, 2017), putting this category in second place after housing and utility expenses (35.5%).
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Publish Date:07/October/2017 | 07:24

CBI: Loan Rate Cuts on Horizon

EghtesadOnline: After recent measures to make banks adhere to lower deposit rates, the Central Bank of Iran is mulling a reduction in loan rates, the bank's second-in-command said on Tuesday.
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Publish Date:07/October/2017 | 06:10

PPI, CPI Inflations Move Inversely

EghtesadOnline: The average Producer Price Index in the 12 months ending Sept. 22, which marks the end of the sixth Iranian month (Shahrivar), increased by 8.2% compared with last year’s corresponding period, the latest report by the Central Bank of Iran announced.
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Publish Date:03/October/2017 | 24:07

IMF Hails Iran Efforts Against Shadow Banks

EghtesadOnline: The International Monetary Fund has hailed efforts by the Central Bank of Iran in curbing the activities of a multitude of unruly credit institutions, which eluded the regulator's oversight for many years and imperiled the stability of the country's financial markets.
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Publish Date:03/October/2017 | 11:44

CBI Intensifies Oversight

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif announced that in the first term of President Hassan Rouhani’s presidency, about 30 cases of violations by banks were sent to CBI’s Disciplinary Committee.
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Publish Date:27/September/2017 | 11:44

Iran, Turkey to hold joint banking meeting

EghtesadOnline: The Iran-Turkey Joint banking meeting will be held before the Turkish President Recep Tayyip Erdogan's visit to Tehran, Governor of Iran's Central Bank said.
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Publish Date:25/September/2017 | 15:09