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CBI Eases Forex Rules for Int’l Exams

EghtesadOnline: Candidates attending international exams are eligible to apply for foreign currency at the official rate, the Central Bank of Iran said in a letter to the National Organization of Educational Testing.
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Publish Date:03/July/2018 | 06:10

Iran Interbank Market Worth $1.5 Trillion in 2017-18

EghtesadOnline: A total of 38,101 deals worth more than 64.05 quadrillion rials ($1.51 trillion) were conducted in Iran's interbank market during the previous fiscal year that ended on March 20, 2018, the Central Bank of Iran 's data showed.
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Publish Date:03/July/2018 | 04:14

CBI Discloses List of Cheap Currency Recipients

EghtesadOnline: The Central Bank of Iran on Sunday published the full list of companies that have received foreign exchange for imports at the preferential rate of 42,000 rials.
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Publish Date:02/July/2018 | 07:17

Iran Digital Payment Transactions Hit $42b in 1 Month

EghtesadOnline: More than 1.64 billion transactions with a total value of 1.78 quadrillion rials ($41.85 billion) were registered by Shaparak, the Central Bank of Iran -affiliated entity in charge of the country's payment settlement system, during the second month of the current fiscal year that ended on May 21.
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Publish Date:30/June/2018 | 24:23

Gold Coin Bond Trading to Start in Bourse on Sunday

EghtesadOnline: Based on a joint scheme launched by the Security and Exchange Organization and the Central Bank of Iran , gold coin presale bonds can be traded in the bourse from Sunday, which can also be sold as gold coins at exchange shops at the time of maturity.
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Publish Date:30/June/2018 | 24:00

More Support for Tourism Sector

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has pledged greater support for domestic tourism, after a call from the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei to help shift focus away from outbound tourism.
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Publish Date:25/June/2018 | 04:59

Check Payments Top $18 Billion in 1 Month

EghtesadOnline: More than 9.9 million checks worth about 794 trillion rials ($18.78 billion) were exchanged in Iran during the second month of the current fiscal year (ended May 21), which indicated a respective increase of 47.7% and 70.3% in terms of numbers and value when compared with the previous month. According to IBENA, a news outlet affiliated with the Central Bank of Iran , about 3.7 million checks worth over 456 trillion rials ($10.78 billion) were issued in Tehran during the period.
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Publish Date:19/June/2018 | 05:39

Central Bank of Iran Announces Forex Transfer Cap

EghtesadOnline: In a directive on Saturday, the Central Bank of Iran authorized foreign currency transfers (through the hawala system operated via the Integrated Forex Deals System) of up to €5 million or its equivalent in other currencies for imports undertaken by production enterprises, subject to the approval of the related ministry.
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Publish Date:11/June/2018 | 05:40

New Forex Regulations for Foreign-Based Students

EghtesadOnline: The Central Bank of Iran issued new regulations governing the allocation of foreign currency to Iranians studying overseas, two months after the government tightened its control over the currency market to curtail a spiraling crisis.
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Publish Date:10/June/2018 | 05:13

Central Bank of Iran : PPI Inflation at 11.3 Percent

EghtesadOnline: The average Producer Price Index in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, increased by 11.3% compared with last year’s corresponding period, the latest report of the Central Bank of Iran said.
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Publish Date:03/June/2018 | 04:46

New Forex Regulations for Visa-Free Travelers

EghtesadOnline: The Central Bank of Iran issued a directive on Wednesday to outline the regulations and procedures governing the supply of foreign exchange to Iranians traveling visa-free overseas.
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Publish Date:03/June/2018 | 04:01

No Forex Subsidy for Drug Imports

EghtesadOnline: The Central Bank of Iran has removed pharmaceuticals from the list of essential items that receive subsidized foreign currency for imports, the head of the Iranian Pharmaceutical Importers Association said.
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Publish Date:29/May/2018 | 24:47

New Fintech Directive Causes Confusion

EghtesadOnline: The Central Bank of Iran was until now considered the only entity in charge of devising regulations for fintech companies, but President Hassan Rouhani’s Cabinet on May 23 announced its own regulations with the apparent aim of giving a boost to these firms, which has caused some confusion.
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Publish Date:29/May/2018 | 24:28

Iran's CB to Establish Investment Banks

EghtesadOnline: The Central Bank of Iran has decided to set up investment banks for meeting the funding requirements of the ailing production sector, the spokesperson of Majlis Presiding Board said.
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Publish Date:28/May/2018 | 06:33

CBI: Iran Inflation at 9.1%

EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, increased by 9.1% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran .
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Publish Date:27/May/2018 | 24:20

Banking Amendments Approved

EghtesadOnline: The Money and Credit Council approved the Central Bank of Iran ’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures related to current accounts.
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Publish Date:26/May/2018 | 09:57

New Rules Allow Direct Forex Sale

EghtesadOnline: Businesspeople that have validated their purchase orders are allowed to directly purchase their required foreign currencies from certified exchange shops through Nima, the Central Bank of Iran 's newly-launched online Forex Deals Integrated System.
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Publish Date:26/May/2018 | 09:53

Ministry Condemns US Sanctioning of CBI Chief

EghtesadOnline: Two days after the Central Bank of Iran issued a statement against the recent blacklisting of its governor, the Ministry of Economic and Finance Affairs has made a similar move, calling the sanctions another example of “unconventional behavior” and a “lack of commitment toward international agreements” by the US.
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Publish Date:23/May/2018 | 09:58

New Forex Rules for Iranian Shipping Companies

EghtesadOnline: The Central Bank of Iran issued a directive on Tuesday outlining new foreign currency rules for shipping and transit companies, as part of the government’s new measures to tighten control over the forex market.
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Publish Date:19/May/2018 | 04:43