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Iran-Russia Payment Integration by Dec. 10

EghtesadOnline: After several delays, the much-anticipated plan to integrate the payment systems of Iran and Russia will be implemented by Dec. 10, the governor of the Central Bank of Iran announced.
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Publish Date:13/December/2017 | 13:14

Bank Maskan Ready to Issue MBS Worth $240m

EghtesadOnline: Iran’s agent bank of the housing sector has notified the Central Bank of Iran that it is ready to start the second phase of issuing mortgage-backed securities on a significantly larger scale, as the total value of offered bonds has been more than tripled to 10 trillion rials ($240 million).
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Publish Date:13/December/2017 | 24:59

CBI Underscores Microfinance

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif asked the country’s banking system to gradually shift their lending practices and fund small- and medium-scale enterprises instead of big projects.
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Publish Date:11/December/2017 | 08:19

No New Short-Term Bank Accounts by March 2018

EghtesadOnline: As per the directive of the Central Bank of Iran , all banks and credit institutions have been barred from opening short-term (three-, sixth- and nine-month) deposit accounts by the end of the current fiscal year on March 20, 2018.
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Publish Date:10/December/2017 | 06:42

Banking Committee for Quake-Stricken Provinces

EghtesadOnline: The Central Bank of Iran has ordered the establishment of a specialized committee to follow up on the implementation of banking relief measures for quake-stricken areas.
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Publish Date:29/November/2017 | 13:37

CBI Puts Inflation at 9.9%

EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.9% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran showed.
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Publish Date:28/November/2017 | 09:53

1.6m Checks Bounce in Mehr

EghtesadOnline: A total of 9.9 million checks worth about 615 trillion rials ($15 billion) were transacted in the seventh Iranian month Mehr (Sept. 23-Oct. 22), of which 1.6 million checks worth about 131 trillion rials ($3.3 billion) bounced, data published by the Central Bank of Iran on its official website show.
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Publish Date:28/November/2017 | 09:46

Money, Debt Markets Converge on Returns

EghtesadOnline: It took a while, but the Central Bank of Iran ’s crackdown on regulating interest rates finally paid off and now the changes seem to have trickled down to the debt market.
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Publish Date:25/November/2017 | 13:12

Banks Urged to Help Quake Victims

EghtesadOnline: Central Bank of Iran ’s Vice Governor Akbar Komijani appealed to the country’s banking system to help the victims of Kermanshah’s recent earthquake and fulfill their corporate social responsibility.
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Publish Date:25/November/2017 | 11:31

Efforts to Boost Loans for SMEs

EghtesadOnline: In a letter, the Central Bank of Iran ’s Governor Valiollah Seif has called on all governors across the country to undertake strict and effective supervision over how bank loans are allocated to optimize the process of boosting small- and medium-sized enterprises and their productivity.
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Publish Date:20/November/2017 | 07:01

CBI Signs Deal With Czech ECA

EghtesadOnline: The Central Bank of Iran has reached a deal with the Czech Republic's export credit agency for facilitating and expanding trade ties as well as improving the level of investments.
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Publish Date:15/November/2017 | 10:16

Promissory Notes Accepted as Collateral

EghtesadOnline: Accepting promissory notes as non-cash collaterals for foreign exchange loans by banks is permitted, if all the other relating criteria and regulations are adhered to, the Central Bank of Iran announced.
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Publish Date:13/November/2017 | 07:25

Iran's AML/CFT Forex Regulations Tightened

EghtesadOnline: The Central Bank of Iran has amended its executive directive for regulations overseeing foreign exchange, banking instruments and bonds carried by travelling individuals in line with better adherence to international regulations on anti-money laundering and combating financing of terrorism.
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Publish Date:11/November/2017 | 24:14

Iran's Central Bank Expanding Use of Rial in Foreign Trade

EghtesadOnline: In line with plans to eliminate the US dollar in Iran's foreign trade by clinching monetary agreements, the Central Bank of Iran is pursuing the policy of expanding the role of Iranian currency in the basket of its major trade partners, the head of CBI's Exports Department said.
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Publish Date:11/November/2017 | 10:33

Interbank Rates Down to 17%

EghtesadOnline: The latest measures undertaken by the Central Bank of Iran have had a positive impact on interbank rates, bringing them down from the previous rates of over 20%, said the head of the Iran Chamber of Cooperatives and a member of Money and Credit Council–a decision-making body.
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Publish Date:07/November/2017 | 06:40

Bank Mellat Unveils AML/CFT Systems

EghtesadOnline: Two information systems aimed at implementing standards pertaining to anti-money laundering and combating financing of terrorism required by the Financial Action Task Force have been unveiled at Bank Mellat with the help of the Ministry of Economic and Finance Affairs and the Central Bank of Iran .
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Publish Date:06/November/2017 | 06:11

CBI Notifies Liquidity Risk Regulations

EghtesadOnline: The Central Bank of Iran has officially notified the directive for “minimum requirements of liquidity risk management of credit institutions” to the banking system that was approved by the top financial decision-making body Money and Credit Council two weeks ago.
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Publish Date:04/November/2017 | 09:44

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