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Banking System Moving Toward Basel III

EghtesadOnline: The Central Bank of Iran has played a significant and effective role in implementing Basel II and III standards in the banking system, a board member of Bank Maskan said.
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Publish Date:14/May/2017 | 09:57

CBI Focuses on Banking Trouble Areas

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has outlined four troublesome areas for the Iranian banking system and what is currently being done to effectively address them.
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Publish Date:14/May/2017 | 04:43

Central Bank of Iran Defends Gov't Economic Legacy

EghtesadOnline: The Central Bank of Iran 's governor mounted a strong defense of the four-year performance of his bank as an extension of the economic policies of President Hassan Rouhani who seeks reelection on May 19.
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Publish Date:10/May/2017 | 05:55

JCPOA Eased Oil Money Receipt

EghtesadOnline: The National Iranian Oil Company exports 2.5 million barrels of crude oil and gas condensates per day to customers from Asia to Europe and the Central Bank of Iran receives the full sale revenues in different currencies, CBI said in a statement.
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Publish Date:07/May/2017 | 06:32

Housing Sector in Critical Phase

EghtesadOnline: While it could be a time-consuming process, the stagnating housing sector is on track to reenter a period of growth without stoking inflation, the deputy for economic affairs at the Central Bank of Iran said.
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Publish Date:07/May/2017 | 05:09

Iran Integrating Bank Card System With 5 Countries

EghtesadOnline: Iran is in various stages of integrating its bank card system with five countries for the citizens of both sides to be able to use their bank cards in each other's countries, the head of Information Technology Department at the Central Bank of Iran announced.
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Publish Date:06/May/2017 | 14:28

Iran Moving Int'l Settlements to Russia, Turkey

EghtesadOnline: The Central Bank of Iran has recently decided to move international settlements from Persian Gulf states to Russia and Turkey, said the governor of CBI.
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Publish Date:29/April/2017 | 10:20

Exchangers Urged to Quit Banking Operations

EghtesadOnline: The Central bank of Iran is determined to navigate moneychangers back to their original activities and leave banking operations to banks, said the head of the Department for Banking Supervision at CBI.
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Publish Date:27/April/2017 | 10:43

Seif: Forex Policy Unrelated to Elections

EghtesadOnline: Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that may arise from political events, the governor of CBI said.
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Publish Date:26/April/2017 | 08:46

Banks Obliged to Establish Risk Department

EghtesadOnline: The Central Bank of Iran has urged banks to set up a compliance risk department in line with Basel II Accord issued by the Basel Committee on Banking Supervision in June 2004, said the CEO of Bank Sepah.
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Publish Date:24/April/2017 | 09:15

Central Bank Allays Inflationary Concerns

EghtesadOnline: A notable decline in liquidity growth is a reassuring sign that Iran will be able to anchor its inflation in the single digits, the governor of the Central Bank of Iran said.
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Publish Date:23/April/2017 | 07:58

CBI: Growth Rate Likely to Beat Expectations

EghtesadOnline: The Central Bank of Iran has responded to media reports that viewed the latest World Economic Outlook by the International Monetary Fund in a negative light.
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Publish Date:22/April/2017 | 08:05

CBI: Double-Digit Growth to Continue

EghtesadOnline: Economic growth rate stood at 11.6% for the nine months to December 20, 2016, and the figure is predicted to keep up its double-digit momentum in the current Iranian year (started March 21), the Central Bank of Iran 's deputy for economic affairs said.
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Publish Date:18/April/2017 | 09:52

CBI to Allow Moneychangers Use Int’l Cards

EghtesadOnline: The Central Bank of Iran is planning to allow authorized exchange shops to use international cards in daily operations [instead of cash], the CBI governor said.
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Publish Date:18/April/2017 | 09:48

Banks’ Lending Up 40%

EghtesadOnline: Iranian banks' loan portfolio expanded by 40% during the year to March 20 despite grappling with a credit shortage, said the governor of the Central Bank of Iran .
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Publish Date:15/April/2017 | 08:50

Gov’t Augments CBI Deposits

EghtesadOnline: According to the latest data released by the Central Bank of Iran for the month ending February 18, government deposits with CBI reached 412 trillion rials ($11 billion) and registered an 11.3% and 20.7% increase on a monthly and year-on-year comparison, respectively.
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Publish Date:10/April/2017 | 10:56

Central Bank of Iran : PPI Inflation at 5%

EghtesadOnline: The average Producer Price Index in the 12 months ending March 20, which marks the end of the final month of the last Iranian year (Esfand), increased by 5% compared with last year’s corresponding period, according to the latest report by the Central Bank of Iran .
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Publish Date:04/April/2017 | 07:54

Tehran Annual House Sales Up 5.4%

EghtesadOnline: Data released by the Central Bank of Iran for the last Iranian year that ended on March 20 put the number of residential housing deals in the capital Tehran at 162,100–marking a 5.4% annual growth from the previous year.
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Publish Date:03/April/2017 | 09:02

Central Bank of Iran slams, to contest Luxembourg assets seizure

EghtesadOnline: The Central Bank of Iran (CBI) has strongly criticized a recent decision by a court in Luxembourg to seize $1.6 billion of the Islamic Republic's assets, saying the verdict did not amount to the enforcement of a related ruling by a US court.
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Publish Date:27/March/2017 | 08:42