banking system - page 2

EghtesadOnline: Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a major factor behind the bulging liquidity and the galloping inflation.

EghtesadOnline: EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal. To circumvent US sanctions, they recently announced a plan for maintaining payment channels outside the banking system , which could be targeted by the sanctions.

EghtesadOnline: A major part of the Comprehensive Banking Law targeting the struggling banking system and problems of the central bank has been approved, the head of the Monetary and Banking Committee of Majlis Economic Affairs Commission Mohammad Hossein Hosseinzadeh Bahraini told state TV.

EghtesadOnline: The Trump administration abandoned the Iran nuclear deal this year and is reimposing sanctions. The sanctions leave western companies and banks with a stark choice. If they do business with Iran, they lose access to the American market and financial system. Not surprisingly, businesses and banks have been cutting ties with Iran or shelving plans to invest there. But one important financial link to the country remains: the financial messaging service that plays a crucial role in moving money around the international banking system .

EghtesadOnline: Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its central bank.

EghtesadOnline: The Central Bank of Iran on Saturday notified a directive to the banking system , which sets foreign currency deposit interest rates and doubles down on the previous promise of guaranteed returns.

EghtesadOnline: Members of the economic commission of Iran’s Parliament on Tuesday concluded the review of reform measures concerning the Central Bank of Iran, which is part of wider reforms aimed at overhauling the country’s ailing banking system .

EghtesadOnline: Members of Majlis Economic Commission have commenced the process of reviewing articles of the Majlis motion to undertake long-awaited reforms in Iran's banking system and bestow the central bank with independence.

EghtesadOnline: The prospect of meeting a sizable share of electricity demand through renewables requires a stronger support by banking system , a senior energy official said.

EghtesadOnline: The initiative to reform the country’s banking system is in its final stage with financial stability being at the core of the measures, the vice governor of the Central Bank of Iran said.

EghtesadOnline: Iran is seeking to ease fear of world banking system from doing business with Iranian banks, senior official with the Foreign Ministry Fereydoun Haqbin said on Wednesday.