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Majlis Think Tank Endorses CBI on Financial Reporting Standards

EghtesadOnline: In case of disagreement between the Central Bank of Iran and the Audit Organization of Iran over who gets to set financial reporting standards for banks and credit institutions, which issue has already borne significant costs for lenders, the parliamentary think tank has ruled in favor of the central bank.
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Publish Date:28/August/2017 | 09:49

Banks Allowed to Make Forex Market Foray

EghtesadOnline: In line with the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, the Central Bank of Iran is allowing lenders to purchase the hard currency of exporters at open market exchange rates, CBI’s head of exports department said.
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Publish Date:27/August/2017 | 09:27

Iran's Central Bank Doubles Down on Enforcing Interest Rates

EghtesadOnline: While more than a year has passed since bank deposit interest rates were officially set at 15%, the Central Bank of Iran has now set a deadline through its latest directive to enforce the lowered rates.
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Publish Date:26/August/2017 | 06:25

Islamic Banking Confab on Aug. 29-30

EghtesadOnline: The 28th Islamic Banking Conference is scheduled to be held in Tehran from August 29-30, the official website of the Central Bank of Iran announced.
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Publish Date:26/August/2017 | 06:21

Spotlight on Major Lenders Over Delay in AGMs

EghtesadOnline: The annual general meetings of major banks and credit institutions have run into a snag, as lenders struggle to incorporate the latest standards introduced by the Central Bank of Iran into their balance sheets, which issue has overshadowed Iranian lenders for nearly two years.
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Publish Date:23/August/2017 | 05:47

200,000 Marriage Loans in 24 Days

EghtesadOnline: A total of 11 agent banks have allocated 200,000 marriage loans in the past 24 days, in line with the Central Bank of Iran ’s recent measure to extend 550,000 marriage loans, Ali Asghar Mirmohammad Sadeqi, CBI’s deputy for credit affairs, announced.
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Publish Date:22/August/2017 | 13:25

Proposed Economy Minister Pledges Overhaul

EghtesadOnline: Economy minister-designate, Masoud Karbasian, elaborated his plans for the key ministry in parliament on Wednesday, emphasizing that the ministry will join hands with the Central Bank of Iran to resolve issues facing the banking system.
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Publish Date:20/August/2017 | 09:51

Bounced Checks Down 5.6%

EghtesadOnline: Iranian banks returned 1.5 million checks worth 130.6 trillion rials ($3.4 billion) during the month that ended on July 22, the official website of the Central Bank of Iran reported.
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Publish Date:20/August/2017 | 09:36

CBI Reiterates Support for SMEs

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif in a letter called on the chief executives of banks to prioritize financing small- and medium-sized enterprises in the current Iranian year (ending March 20, 2018) as they did last year.
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Publish Date:20/August/2017 | 09:35

CBI: 11th govt. absorbs $11.8b foreign investment

EghtesadOnline: Central Bank of Iran (CBI) issued a report on Thursday indicating that the 11th government could absorb some dlrs. 11.8 billion in foreign investments.
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Publish Date:19/August/2017 | 24:47

Call for Streamlining Bank Balance Sheet

EghtesadOnline: In the wake of reports alleging disagreements between the Central Bank of Iran and the Economy Ministry regarding the format of banks and credit institutions’ financial statements, the head of Majlis Economic Commission announced that it has penned a letter to President Hassan Rouhani, asking him to speed up the process of managing banks and credit institutions’ financial statements.
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Publish Date:15/August/2017 | 16:44

CBI Renews Pledge to Unify Forex Rates

EghtesadOnline: With the key promise of unifying the country's dual exchange rates lying dormant during President Hassan Rouhani's first term in office–despite frequent pledges to do so–the Central Bank of Iran 's top policymaker says the issue has not been finalized and will be pursued during the administration's second four-year term.
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Publish Date:15/August/2017 | 16:33

Central Bank Pursuing IFSB Conformity

EghtesadOnline: In line with making up for lost time during the sanctions era and complying with banking standards, the Central Bank of Iran has been striving to conform to Islamic Financial Services Board standards in recent years, the CBI vice governor said.
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Publish Date:15/August/2017 | 16:30

New Forex Deputy at CBI

EghtesadOnline: In an official decree, Governor of the Central Bank of Iran Valiollah Seif has appointed Seyyed Ahmad Araqchi as the new CBI deputy for foreign exchange affairs.
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Publish Date:15/August/2017 | 16:11

Tayyebnia: Majority of Iran Transactions in Euro

EghtesadOnline: After Iran ditched the US dollar in its financial reporting and the Central Bank of Iran is pursuing the policy to sideline the greenback in its forex transactions in response to US restrictions, Iran's Economy Minister Ali Tayyebnia said the lion's share of the country's dealings are now conducted with euro.
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Publish Date:15/August/2017 | 15:56

Commercial Banks’ Arrears to CBI Halved

EghtesadOnline: In the first quarter of the current Iranian year (started March 21), the total amount of three state-owned commercial banks' arrears to the Central Bank of Iran stood at 85.3 trillion rials ($2.2 billion), which indicate a drop of 55.5% compared with the corresponding period of last year.
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Publish Date:14/August/2017 | 24:17

CBI Monetary Discipline Defended

EghtesadOnline: In response to criticisms directed at the Central Bank of Iran over a surge in liquidity, the bank has stressed that it has maintained order in the money market and staunched the irregular expansion of monetary base.
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Publish Date:13/August/2017 | 13:22

Interest-Free Loan Cap Increased

EghtesadOnline: The Central Bank of Iran has set a new ceiling for Qarzol-Hassaneh (interest-free microcredit) loans to individuals.
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Publish Date:12/August/2017 | 13:27

Pakistan’s Biggest Lender Eager to Open Iran Branch

EghtesadOnline: Iran and Pakistan’s biggest lenders are interested in opening branches in each other’s country, which was announced in a meeting between the governor of the Central Bank of Iran and the Pakistani ambassador to Iran.
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Publish Date:06/August/2017 | 14:56