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OTP Not Mandatory For Minor Transactions

EghtesadOnline: The Central Bank of Iran published a note on its website to clarify ambiguities about the one-time password that will soon be offered by banks.
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Publish Date:13/May/2019 | 13:53

Printing Money Does Not Fix Budget Deficits

EghtesadOnline: The Central Bank of Iran is strongly opposed to the policy of printing money to plug budget holes, Abdolnasser Hemmati, the CBI boss, said.
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Publish Date:12/May/2019 | 14:04

OTP Service by Lenders Becomes Mandatory

EghtesadOnline: In a move to curb cybercrime pertaining to debit card fraud and increase the security of online banking, the Central Bank of Iran has instructed banks and credit institutions to use one-time password (OTP) in order to protect their clients' ID and bank account data.
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Publish Date:11/May/2019 | 13:47

Majlis to Probe CBI Performance

EghtesadOnline: Lawmakers on Sunday decided to look into the performance of the Central Bank of Iran during the past five years. The bank’s seemingly poor performance in regulating the currency market and the questionable activities of shadow banks are among the main motives behind the parliamentary move.
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Publish Date:06/May/2019 | 14:06

Central Bank of Iran : €2.2 Billion Sold Via Nima

EghtesadOnline: Since the beginning of the current fiscal (March 21) over 2.2 billion has been sold via the Integrated Forex Deal System, locally known as Nima, the Central Bank of Iran reported.
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Publish Date:05/May/2019 | 13:00

Iran's CB Looking for Ways to Evade Sanctions

EghtesadOnline: Governor of the Central Bank of Iran has outlined six monetary and banking plans to help fend off the new US economic sanctions.
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Publish Date:04/May/2019 | 24:48

Central Bank of Iran Strives to Check Inflation

EghtesadOnline: The Central Bank of Iran is striving to find solutions to curb the galloping inflation rates with the help of workable and viable monetary policies.
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Publish Date:29/April/2019 | 13:59

Tehran Home Sales Drop as Prices Rise 104 Percent YOY

EghtesadOnline: New data released by the Central Bank of Iran indicate 3,423 homes were sold in Tehran in the first month of the current Iranian year (March 21-April 20) to register a 73.3% decline compared to the month before and 32.2% compared to the similar month of the year before.
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Publish Date:29/April/2019 | 13:56

Regulated Forex Market CEO Elected

EghtesadOnline: Board of directors of the regulated foreign exchange market elected a managing director for the new body, the Central Bank of Iran website reported.
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Publish Date:22/April/2019 | 13:59

Swiss, Turkish Envoys Meet Iran's Top Banker

EghtesadOnline: The governor of the Central Bank of Iran discussed bilateral banking and monetary cooperation with senior Swiss and Turkish diplomats on Thursday.
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Publish Date:22/April/2019 | 13:42

Iran Govt’ Wants to Reform the Rial: Deleting Four Zeros

EghtesadOnline: The plan to remove four zeros from the rial is on the government agenda, again. The oft-mentioned move was proposed in the past by Central Bank of Iran as part of a broader plan to revisit the monetary system.
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Publish Date:17/April/2019 | 14:20

Opportune Time for Launching OMO

EghtesadOnline: Conditions have never been as favorable as they are now for the Central Bank of Iran to launch the much-touted Open Market Operation policy, a financial expert says.
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Publish Date:15/April/2019 | 14:07

Central Bank of Iran allowed to Launch OMO

EghtesadOnline: The Central Bank of Iran ’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday.
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Publish Date:20/April/2019 | 13:55

Agreement to Crackdown on Dubious Bank Accounts in Iran

EghtesadOnline: The Central Bank of Iran and the prosecutor general have agreed to freeze fraudulent bank accounts that collect people's donations for the flood victims, the spokeswoman of Majlis Economic Commission said.
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Publish Date:15/April/2019 | 13:56

Central Bank of Iran Reactivates UAE Currency Channel

EghtesadOnline: After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard currency supply inside the country.
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Publish Date:15/April/2019 | 13:54

NDFI Withdrawal Could Be a Savior

EghtesadOnline: Governor of the Central Bank of Iran says the government decision to withdraw money from the National Development Fund of Iran, the country's sovereign wealth fund, could be an opportunity to help stabilize the forex market.
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Publish Date:14/April/2019 | 14:56

€420m Repatriated Since March 21

EghtesadOnline: Since the beginning of the current fiscal (March 21) to April 10 am estimated €420 million plus was deposited with Nima (Integrated Forex Rate System). The amount includes both Central Bank of Iran ’s own contribution and repatriation of export earnings.
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Publish Date:13/April/2019 | 14:52

Hemmati Signals Interest Rate Cuts

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has announced the bank's decision to alter the liquidity structure by curbing money supply and lowering bank rates.
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Publish Date:13/April/2019 | 14:47

New CBI Measures to Help Forex Stability

EghtesadOnline: Bank-affiliated exchange bureaux are required to cut the cost on money transfers in order to facilitate currency deals in banknote and hawala, the Central Bank of Iran reported on its website.
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Publish Date:13/April/2019 | 14:43