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Central Bank of Iran Moves to Streamline Working Capital Loans

EghtesadOnline: The Central Bank of Iran is working on plans to adjust policies regarding working capital granted to manufacturing units to ensure the loans are actually used for boosting production and staving off inflationary effects.
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Publish Date:07/July/2019 | 11:18

Iran: €5b Repatriated by Non-Oil Exporters

EghtesadOnline: Exporters of non-oil products have repatriated €5 billion of their export earnings to the economic cycle of the country since the beginning of the current fiscal year (started March 21), a Central Bank of Iran ’s official said.
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Publish Date:03/July/2019 | 11:26

Import of Iran Oil Critical for Success of INSTEX

EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed by importing oil from Iran to ensure its sustainable operation.
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Publish Date:01/July/2019 | 10:58

Checks Cross $7.6b in 1 Month

EghtesadOnline: More than 7.2 million checks worth about 991 trillion rials ($7.65 billion) were drawn in Iran during the second month of the current fiscal year (started May 21), the Central Bank of Iran ’s latest report announced.
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Publish Date:30/June/2019 | 11:13

Tehran Home Sales Dip 59% as Prices Increase 104% YOY

EghtesadOnline: Home prices in Tehran continued to increase while the number of property deals declined in the third month of the current Iranian year (ended June 21), latest data released by the Central Bank of Iran show.
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Publish Date:30/June/2019 | 10:59

Iran: New Trade Monitoring System Planned

EghtesadOnline: Governor of the Central Bank of Iran says a new trade monitoring system is in the offing to complement the Integrated Forex Deals System (known by its Persian acronym Nima).
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Publish Date:24/June/2019 | 11:36

On Currency Repatriation Rules MRC Asks Gov’t to Rethink Policy

EghtesadOnline: The Majlis Research Center holds the view that the government can significantly boost its foreign currency earnings by rewriting the Central Bank of Iran ’s controversial policy on repatriating currency earnings from non-oil exports.
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Publish Date:18/June/2019 | 09:49

Central Bank of Iran Says Bank Deposits Growing

EghtesadOnline: Deposits in Iranian banks and credit institutions totaled 20,223 trillion rials ($155 billion) during the eleven-months to Feb 19, up 32% compared to the same period a year ago.
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Publish Date:16/June/2019 | 11:43

Gold Coin Tax Rules Outlined

EghtesadOnline: Taxing gold coins should not push up prices of the yellow metal because the tax is to be levied on wholesalers who pre-purchased coins from the Central Bank of Iran , says the president of the special gold commission at the Iran Chamber of Guilds.
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Publish Date:11/June/2019 | 10:17

Iran Blocks 1,300 Overseas POS Terminals

EghtesadOnline: More than 1,300 point of sale terminals operating outside Iran have been blocked after the Central Bank of Iran enforced its decision to ban all such systems in foreign countries.
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Publish Date:11/June/2019 | 09:46

Hemmati: OMO Pivotal to Stem Inflation

EghtesadOnline: The governor of the Central Bank of Iran says the main function of the open market operation is to help fight inflation by regulating short-term interest rates in the interbank market.
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Publish Date:08/June/2019 | 11:17

CBI Chief Holds Talks in Seoul

EghtesadOnline: Heads of the central banks of South Korea and Iran met in Seoul to discuss banking hurdles between the two sides and find workable solutions.
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Publish Date:08/June/2019 | 11:03

Tehran Home Sales Down 36%, Prices Soar 112 Percent YOY

EghtesadOnline: Home prices in Tehran increased while the number of property deals declined in the second month of the current Iranian year, which ended on May 21, according to the Central Bank of Iran .
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Publish Date:02/June/2019 | 08:25

CBI Chief Censures South Korea Banks

EghtesadOnline: In a meeting with South Korean Ambassador Ryu Jeong-hyun, the governor of the Central Bank of Iran faulted banks in that country for blocking Iranian assets and creating financial difficulties for Iran’s businesses.
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Publish Date:01/June/2019 | 10:36

Hemmati Says US Pressure Tactics in Vain

EghtesadOnline: Governor of the Central Bank of Iran says despite the United States declared policy of maximum pressure to hurt Iran’s economy, the country has devised ways to access its foreign earnings.
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Publish Date:01/June/2019 | 10:29

Majlis Plans Probe Into Forex Subsidies

EghtesadOnline: The parliament plans to investigate the foreign exchange policy of the Central Bank of Iran during the last fiscal year that ended in March, says head of the Majlis Economic Commission.
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Publish Date:01/June/2019 | 10:25

Deadline Extended for Selling Shares of 5 Merged Banks

EghtesadOnline: According to a notice by Central Bank of Iran , the previous deadline for selling shares of five merged banks and credit institutions has been extended for 15 working days ending on June 13.
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Publish Date:21/May/2019 | 10:33