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$5.3b to Help Tackle Unemployment

EghtesadOnline: The Central Bank of Iran is set to provide 200 trillion rials ($5.3 billion) to boost employment in the country in an agreement with the Ministry of Cooperatives, Labor and Social Welfare.
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Publish Date:08/July/2017 | 08:06

Central Bank Head: Inflation rate to become single-digit

EghtesadOnline: Head of Iran’s Central Bank on Saturday expressed hope that with the pursuit of disciplinary policies of the bank, the country’s inflation rate would become single-digit.
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Publish Date:05/July/2017 | 24:06

Rate Unification This Year

EghtesadOnline: The administration of President Hassan Rouhani will implement the longstanding policy of unifying Iran’s dual foreign exchange regime “at the first possible opportunity”, which will likely be during the current fiscal year ending March 2018, announced the governor of the Central Bank of Iran .
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Publish Date:04/July/2017 | 07:42

Strategies to Curb High Interest Rates in Iran

EghtesadOnline: With interest rates once again in the spotlight, the head of Monetary and Banking Research Institute has proposed three strategies to deal with the punishingly high borrowing rates.
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Publish Date:04/July/2017 | 07:40

PPI, CPI Inflation Rise in Tandem

EghtesadOnline: The average Producer Price Index in the 12 months ending June 21, which marks the end of the Iranian month of Khordad, increased by 6.5% compared with last year’s corresponding period, the latest report by the Central Bank of Iran announced.
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Publish Date:02/July/2017 | 13:41

Dual Forex Rates Deleterious

EghtesadOnline: Businesses and private sector representatives expect the Central Bank of Iran to speed up the process of unifying forex rates since the gap between free market and official exchange rates promotes rent-seeking and hurts exports.
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Publish Date:01/July/2017 | 09:49

CBI Loans for Agro Purchase

EghtesadOnline: President Hassan Rouhani’s Cabinet has authorized the Central Bank of Iran to allocate 9 trillion rials ($240 million) worth of loans to the Central Organization for Rural Cooperatives of Iran through agent banks for “the mutually consented and guaranteed purchase of agricultural products”.
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Publish Date:01/July/2017 | 09:37

Iran: Double-Digit Inflation Returns

EghtesadOnline: Iran’s inflation rate just went above 10%, ending months of single-digit average CPI growth, which many considered one of the biggest achievements of President Hassan Rouhani’s economic team.
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Publish Date:30/June/2017 | 13:00

Liquidity of Iran Shadow Banks Dips Under 10%

EghtesadOnline: The share of uncertified financial institutions in the Iranian market significantly shrunk in the first four years of President Hassan Rouhani’s term, as government policies to organize the informal financial market have borne fruit, the governor of the Central Bank of Iran said.
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Publish Date:30/June/2017 | 24:56

Rate Cut Awaits MCC Decision

EghtesadOnline: The Central Bank of Iran and the Money and Credit Council–a decision-making body–are mandated with deciding the interest rates and the banks’ views are only regarded as suggestions, the secretary-general of the Association of Private Banks and Credit Institutions said.
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Publish Date:25/June/2017 | 10:13

Plan to Organize Iran Shadow Banks

EghtesadOnline: Governor of the Central Bank of Iran has released a statement reassuring the public that the bank is determined to end the lengthy saga of uncertified credit institutions, the news of which resurfaced recently.
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Publish Date:20/June/2017 | 09:48

Risky Banks Under CBI Radar

EghtesadOnline: Central Bank of Iran is using a new system of supervision in which risky banks are being closely monitored at a time when the fallout from shadow banks has beset the financial system, a CBI official said.
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Publish Date:18/June/2017 | 09:02

CBI Credit Line to Protect Shadow Banks’ Depositors

EghtesadOnline: The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit Institution depositors and has guaranteed to pay another 22 trillion rials ($586.6 million) in the future for the merged institution, the CBI governor said.
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Publish Date:17/June/2017 | 07:12

Call for Strict Monitoring of Shadow Banks

EghtesadOnline: First Vice President Es'haq Jahangiri has called on the Central Bank of Iran to strictly deal with illegal financial institutions as part of the government's efforts to crack down on corruption.
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Publish Date:14/June/2017 | 11:41

Iran says banking problems gradually resolving

EghtesadOnline: The remaining banking problems that have not been resolved after the implementation of the Joint Comprehensive Plan of Action reached between Iran and G5+1 (US, UK, Russia, China, France plus Germany) are gradually resolving, senior banking official said.
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Publish Date:12/June/2017 | 24:18

Iran Denies Banking Troubles With Turkey

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has denied reports about Iranians having any problems regarding their bank accounts in Turkey, stressing that banking relations between the two neighbors are normal.
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Publish Date:12/June/2017 | 08:03

Iran, Syria to Strengthen Banking Ties

EghtesadOnline: Central Bank of Iran ’s Governor Valiollah Seif met with his Syrian counterpart on Sunday to review banking ties and discuss further cooperation to finance economic projects.
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Publish Date:12/June/2017 | 07:51

Tenuous Dollar Role Merits Shift to Other Currencies

EghtesadOnline: A Central Bank of Iran official has denied any downside resulting from the country's decision to ditch the US dollar in its official statements, saying the minor role of the greenback in Iran's currency basket justifies the decision.
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Publish Date:11/June/2017 | 10:27

Funding Priorities of Iran Banks Notified

EghtesadOnline: The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek to support business and industries still reeling from a biting recession that hit nearly all economic sectors.
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Publish Date:11/June/2017 | 06:27