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Seif: US Decision Not to Impact Economy

EghtesadOnline: The US decision regarding Iran’s nuclear deal, whatever that may be, will not cause any disruption to the country’s economy, the governor of the Central Bank of Iran said.
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Publish Date:12/May/2018 | 10:46

6m Presold Coins to Calm Gold Market

EghtesadOnline: Close to six million gold coins are to enter the market by the time the current Iranian year ends in March 2019 and this is expected to deflate the bubble in gold prices, which was formed ahead of the US decision on Iran’s nuclear deal, according to the spokesman of the Central Bank of Iran .
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Publish Date:12/May/2018 | 10:41

CBI: Forex Situation Stable Despite US JCPOA Pullout

EghtesadOnline: The Central Bank of Iran announced on Wednesday that foreign exchange resources and expenditures are under full control and the banking system is prepared to meet all the hard currency needs of the country.
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Publish Date:12/May/2018 | 10:34

No Hope of Fully Recouping NPLs

EghtesadOnline: The vice governor of Central Bank of Iran expressed doubts about the possibility of fully recovering the banking resources tied up in non-performing loans that amount to billions of dollars, a thorny issue dragging on the troubled banking sector for nearly a decade.
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Publish Date:12/May/2018 | 10:28

CBI Underscores Support for Agricultural Sector

EghtesadOnline: Central Bank of Iran Vice Governor Akbar Komijani underscored the banking system’s contribution to the implementation of a national policy to promote domestic production by providing substantial support to the agricultural sector.
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Publish Date:12/May/2018 | 10:24

New Check-Processing System Postponed

EghtesadOnline: The Central Bank of Iran has delayed until September the implementation of a new scheme to streamline its check-processing system to give banks more time to adapt, a central bank official said.
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Publish Date:07/May/2018 | 09:01

Gold Coin Surges

EghtesadOnline: As the price of all gold coins continued to rise in Tehran’s market, the Central Bank of Iran on Saturday halted the sale of gold coins with six-month maturities.
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Publish Date:06/May/2018 | 07:22

Forex Lenders Expand

EghtesadOnline: The Central Bank of Iran has allowed Tejarat, Parsian and Mellat banks to join their peers Melli and Saman in operating as the authorized lenders of hard currency to importers, outbound tourists and students.
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Publish Date:05/May/2018 | 05:27

ICT Ministry Prepares National Crypto Prototype

EghtesadOnline: Minister of Information and Communications Technology Mohammad Javad Azari-Jahromi said on Saturday his ministry has prepared a preliminary prototype of the national virtual currency in collaboration with the Central Bank of Iran -affiliate Monetary and Banking Research Institute.
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Publish Date:29/April/2018 | 09:31

5m Coins Sold in Presales

EghtesadOnline: As the Central Bank of Iran launched a new round of gold coin presales since the beginning of the new fiscal year (March 21), a total of five million coins have been sold by Bank Melli branches, the secretary-general of the monetary regulator said.
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Publish Date:28/April/2018 | 05:22

Crackdown on Unlicensed Exchangers Continues

EghtesadOnline: As the Central Bank of Iran is continuing its rate unification and market control policies, the Tehran police force is maintaining its support for the regulator by cracking down on speculative and illegal activities.
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Publish Date:28/April/2018 | 05:16

Iran Export Price Index Rises 33.5% YOY, 7.5% MOM

EghtesadOnline: The export price index stood at 323.1 in the 11th Iranian month of Bahman (Jan. 21-Feb. 19), registering a 7.5% increase compared to the preceding month and a 33.5% rise compared with last year’s corresponding period, the Central Bank of Iran ’s latest data show.
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Publish Date:28/April/2018 | 05:05

Official Advice for Forex Depositors

EghtesadOnline: Governor of the Central bank of Iran Valiollah Seif has advised foreign currency depositors to be wary of banks’ credibility and behavior when trusting their hard currency with them.
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Publish Date:28/April/2018 | 04:53

Iran Gold Presales Moving Long Term

EghtesadOnline: The Central Bank of Iran , as part of its policy to adopt a long-term strategy in the gold market, has stopped the sale of gold coins with three-month maturities, local media reported on Sunday.
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Publish Date:23/April/2018 | 06:16

Banks to Decide FX Deposits’ Interest Rates

EghtesadOnline: The Central Bank of Iran has focused on encouraging people to entrust their foreign currency banknotes to the banking system and according to the regulator’s director of the Department for Foreign Exchange Regulations and Policies, banks are allowed to devise their own interest rates on foreign currency deposits.
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Publish Date:22/April/2018 | 04:32

CBI: Gold Coin Prices Will Balance Out

EghtesadOnline: The Central Bank of Iran expects gold coin prices to approach their real levels in the next few weeks, the director of CBI’s Office for Banknote Issuance said.
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Publish Date:22/April/2018 | 04:21

Exchangers Await CBI Decision

EghtesadOnline: Representatives of the Iranian Association of Bureaux de Change will soon hold a meeting with Central Bank of Iran ’s officials to decide the fate of foreign exchange shops and the role envisaged for them.
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Publish Date:16/April/2018 | 05:31

European Fintech Standards Under Consideration

EghtesadOnline: The Central Bank of Iran is expected to announce its regulatory framework for fintechs in the coming months and according to the regulator's deputy for innovative technologies, European standards are being eyed as the ideal benchmark.
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Publish Date:16/April/2018 | 05:25

Gold Coin Drops in Tehran After New Forex Measures

EghtesadOnline: When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.
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Publish Date:15/April/2018 | 10:03

Monetary Loosening Impacts Iran Bank Deposits

EghtesadOnline: The Central Bank of Iran ’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions.
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Publish Date:15/April/2018 | 10:00