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Banks Urged to Pursue Profitability, Transparency

EghtesadOnline: In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran 's deputy for supervisory affairs, made the announcement at a ceremony honoring successful bank and credit institution managers.
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Publish Date:19/February/2017 | 14:40

Iran’s Budget Deficit: $7b in 9 Months

EghtesadOnline: Iran’s budget deficit for the three quarters of the current fiscal year (March 20-December 20, 2016) amounted to 268.9 trillion rials ($7 billion), according to the latest data released by the Central Bank of Iran .
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Publish Date:19/February/2017 | 05:41

Trade Costs Declining After Sanctions Relief

EghtesadOnline: The achievements of Iran's nuclear deal must not be undermined, as the cost of foreign trade for the country is declining among other things, the governor of the Central Bank of Iran said.
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Publish Date:10/February/2017 | 14:16

Iran to Ditch US Dollar in Official Reports

EghtesadOnline: Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank of Iran late Saturday.
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Publish Date:30/January/2017 | 06:07

CBI Gov hails JCPOA economic benefits

EghtesadOnline: Iran should rely on its stability and security to attract foreign investment and build on the economic opportunities reaped after implementation of the nuclear deal, says the governor of the Central Bank of Iran (CBI).
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Publish Date:16/January/2017 | 16:10

Iran Central Bank wants to establish regional links

EghtesadOnline: Following the signing of the Joint Comprehensive Plan of Action (JCPOA) which opened new chances for the Iranian banking system, the Central Bank of Iran is working to establish regional links, a senior official said.
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Publish Date:15/January/2017 | 07:50

Iran’s tax revenues hit $18B in 8 months

EghtesadOnline: Iran’s tax revenues amounted to 582.8 trillion rials ($18 billion based on official rate of each 32,369 rials per USD) in the first eight months of the current Iranian fiscal year (March 20-Nov. 21, 2016), Central Bank of Iran (CBI) reported.
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Publish Date:14/January/2017 | 15:15

Majlis Boosts CBI’s Regulatory Clout

EghtesadOnline: Lawmakers defined new responsibilities for the Central Bank of Iran and law enforcement, as they ratified more enhanced regulatory measures to counter the operations of uncertified financial institutions.
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Publish Date:14/January/2017 | 06:04

Majlis Think Tank Recommends Floating Forex Rate

EghtesadOnline: The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran to do what it takes for free-floating the rial against other currencies.
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Publish Date:12/January/2017 | 24:25

No Passage of Banking Bills Before Summer 2017

EghtesadOnline: Chances that the final draft of the Banking Reform Bill and the Central Bank Bill will be approved by the Iranian Parliament by the end of President Hassan Rouhani’s first term in the summer of 2017 are relatively slim, the head of Majlis Economic Commission said.
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Publish Date:07/January/2017 | 06:07

Currency Market Stabilizes as Rial Slightly Gains

EghtesadOnline: The end of the current Iranian year in March will bring about an end to currency fluctuations plaguing the market, as increased supply helps moderate the market, predicts the director of the Central Bank of Iran 's Exports Department.
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Publish Date:31/December/2016 | 05:57

Iran tells banks to sell dollars at free rates

EghtesadOnline: The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates of the dollar.
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Publish Date:25/December/2016 | 11:52

Iran, Kazakhstan Agree to Enhance Banking Coop.

EghtesadOnline: A banking memorandum of understanding was signed between the central banks of Iran and Kazakhstan during President Hassan Rouhani's three-nation tour of Armenia, Kazakhstan and Kyrgyzstan.
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Publish Date:24/December/2016 | 07:43

CBI: Iran among fastest growing economies

EghtesadOnline: Central Bank of Iran (CBI) announced that the gross domestic product grew 7.4 percent in the first half of the current fiscal year (started March 20) compared to the figure for the same period last year.
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Publish Date:20/December/2016 | 09:59

CBI: Iran's economic growth hits 7.4%

EghtesadOnline: Central Bank of Iran (CBI) announced on Saturday that Iran's Gross Domestic Product (GDP) in the first half of the current Iranian calendar year (started on March 21) shows a 7.4% growth in comparison with the same period last year.
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Publish Date:18/December/2016 | 19:52

Banks encouraged to resume forex trade now that sanctions lifted

EghtesadOnline: Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Sunday that Iranian banks were authorized to resume their forex trade, the ordinary operation prevented by international sanctions so far.
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Publish Date:05/December/2016 | 24:41

Germany’s KfW Agrees on 1.2 Billion-Euro Iran Rail Loan

EghtesadOnline: Germany agreed to provide Iran with a 1.2 billion euro ($1.27 billion) credit line to help finance a rail project , according to an official at the Central Bank of Iran .
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Publish Date:28/November/2016 | 09:45