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Central Bank of Iran Puts Inflation at 10%

EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending August 22, which marks the end of the Iranian month of Mordad, increased by 10% 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/August/2017 | 10:00

Rate Cuts to Propel Growth, Inflation

EghtesadOnline: The Central Bank of Iran issued a new directive less than a week ago requiring banks to rigidly observe interest rates lowered a year ago by the Money and Credit Council in the latest move to loosen monetary policy.
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Publish Date:27/August/2017 | 09:26

Iranian Banks' Post-Sanctions Forex Deals Top $38b

EghtesadOnline: Since the implementation of the nuclear accord with world powers in Jan. 2016, Iranian banking system has engaged in foreign exchange transactions worth over $38 billion, the Central Bank of Iran announced.
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Publish Date:27/August/2017 | 06:42

Iran Forex Market Fluctuations Normal

EghtesadOnline: Central Bank of Iran 's vice governor said the country's forex situation is currently very strong and believes that fluctuations in foreign exchange rates in Iran's market are normal.
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Publish Date:26/August/2017 | 08:33

Regulations for Dormant Accounts

EghtesadOnline: In order to improve banks’ financial transparency and prevent any abuse, the Central Bank of Iran has for the first time formulated regulations to identify and manage banks and credit institutions’ dormant accounts, the bank’s official website reported.
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Publish Date:23/August/2017 | 08:42

CBI Tapping Capital Markets to Moderate Interest Rates

EghtesadOnline: CBI Governor Valiollah Seif has named the newly-formed cordial relationship between the country's monetary and capital markets as a factor for moderating bank interest rates, announcing that consequently, "banks have been allowed to sell some of their bonds in the secondary market".
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Publish Date:21/August/2017 | 13:25

Rate Unification Tops New CBI Deputy’s To-Do List

EghtesadOnline: Following last week’s appointment of Seyyed Ahmad Araqchi as the head of Foreign Exchange Department at the Central Bank of Iran , the new deputy is expected to oversee the long overdue task of unifying the dual foreign exchange rates–a promise central to the mission of Valiollah Seif, the CBI governor.
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Publish Date:16/August/2017 | 09:19

As Iran Oil Revenues Rise, So Does Spending

EghtesadOnline: The latest data released by the Central Bank of Iran show that as oil revenues jumped in the first quarter of the current fiscal year (March 21-June 21), higher spending and lower tax revenues have widened the budget deficit.
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Publish Date:15/August/2017 | 14:23

CBI, Iran Fintech Association Discuss Regulatory Framework

EghtesadOnline: The Central Bank of Iran has for the first time sought the help of Iran Fintech Association (FintechA) to make its final decision about the long overdue task of regulating fintech companies and startups.
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Publish Date:13/August/2017 | 24:34

Inflation Uptrend Slows

EghtesadOnline: The latest report released by the Central Bank of Iran indicates a slowdown in inflation’s uptrend.
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Publish Date:31/July/2017 | 24:22

Gov’t Debts to Banking System Exceed $58b

EghtesadOnline: In the month ending April 20, the government's debts to the banking system, including the Central Bank of Iran , commercial, specialized and private banks, exceeded 2.2 quadrillion rials ($58.3 billion), marking an increase of 21.3% year-on-year.
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Publish Date:30/July/2017 | 07:47

Reserve Requirements Remain Disciplinary Tool for Banks

EghtesadOnline: While some economic experts and bank managers believe that the impact of banks' reserve requirements has waned over time and its ratio should gradually reduce, the director of Central Bank of Iran 's Credit Department opposes the idea.
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Publish Date:24/July/2017 | 08:00

Central Bank of Iran Directive Makes IFRS Mandatory

EghtesadOnline: In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number of conditions vis-à-vis banks' financial statements whose fulfillment is necessary for shareholders' annual meetings to become viable.
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Publish Date:22/July/2017 | 05:05

Central Bank to Finalize Fintech Regulations

EghtesadOnline: In light of the importance of regulating fintech firms to prevent any problem in the monetary market, the Center for E-Commerce Development's deputy has announced that the Central Bank of Iran will define the framework of fintech operations by the end of summer.
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Publish Date:16/July/2017 | 06:06

CBI Issues Directives, Modifies Regulations

EghtesadOnline: As part of an overarching policy of reforming the banking sector, the Central Bank of Iran has issued two executive directives concerning capital adequacy and international conformity standards for credit institutions and formation of credit cooperatives.
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Publish Date:09/July/2017 | 08:23

Iran: Five Stages of Public Bank Data Transparency

EghtesadOnline: The Central Bank of Iran has unveiled the blueprint based on which state-owned lenders must make their financial data publicly available in line with the government's efforts to boost transparency in the financial sector.
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Publish Date:05/July/2017 | 05:41

9 Exchange-Listed Banks Drown in Sea of Red Ink

EghtesadOnline: The Iranian banking conundrum is getting more complicated every day. The Central Bank of Iran ’s officials have announced plans to merge several failing banks, causing many depositors to contemplate withdrawing their money from those lenders.
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Publish Date:04/July/2017 | 07:36

ICCIMA Underlines Central Bank Independence

EghtesadOnline: The Center for Economic Research and Studies with the Iran Chamber of Commerce, Industries, Mines and Agriculture in a comprehensive report, has explored the role of monetary policy in economic decision-making, comparing the different tools employed by central banks throughout the world and Iran's status among them.
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Publish Date:04/July/2017 | 06:13

CBI Moving to Rate Unification Conditions

EghtesadOnline: The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Saturday to weigh in on the requirements of the long-overdue plan to unify foreign exchange rates and the country's progress in achieving this goal.
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Publish Date:23/June/2017 | 16:28