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Iran: Dollar Rally Pauses

EghtesadOnline: Building on the past week gains, the US dollar temporarily moved above 290,000 rials at the start of the trading week in Tehran on Saturday but failed to advance further after intervention by the Central Bank of Iran.
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Publish Date: 27/September/2020 | 11:37

Reservations About NDFI Loan Mechanism

EghtesadOnline: The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money.
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Publish Date: 26/September/2020 | 13:35

Electronic Payments Costlier Than Cash

EghtesadOnline: A recent study conducted by Pulse Ware Company and University of Tehran academics shows that costs of circulating banknotes is still lower than the electronic payment fees, despite claims to the contrary by the Central Bank of Iran.
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Publish Date: 21/September/2020 | 14:14

Hemmati Blames US Plots for Steep Increase in Forex Rates

EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati reiterated that fluctuations in the foreign exchange market is linked more to external and less to economic factors.
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Publish Date: 19/September/2020 | 24:11

Iran's Q1 GDP Shrank by 2.8%

EghtesadOnline: Iran's gross domestic product contracted by 2.8% during the first quarter of the current fiscal year (March 20-June 20) compared to the corresponding period of last year, Governor of the Central Bank of Iran Abdolnasser Hemmati said.
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Publish Date: 16/September/2020 | 24:10

Rial Makes a Comeback After Two Months of Historic Lows

EghtesadOnline: The national currency declined to new lows in the face of a rising dollar on Monday but later recovered partially following intervention by exchange bureaus affiliated to the Central Bank of Iran.
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Publish Date: 15/September/2020 | 09:30

CBI Reiterates Flexibility Toward Exporters

EghtesadOnline: The Central Bank of Iran continues to exercise flexibility toward exporting companies regarding the repatriation of export earnings, the bank’s governor said.
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Publish Date: 14/September/2020 | 24:57

Signs of Calm Emerging From Tehran Housing Market: CBI

EghtesadOnline: After months of turbulence and sharp increases, a new report by the Central Bank of Iran shows a semblance of calm has returned to Tehran’s housing market.
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Publish Date: 10/September/2020 | 11:10

Iran’s CB Suspends ‘Currency Quota’

EghtesadOnline: The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage with the free market caused new problems.
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Publish Date: 10/September/2020 | 11:04

Forex Reaches All-Time High

EghtesadOnline: Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated to Central Bank of Iran.
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Publish Date: 09/September/2020 | 11:26

Currency Swaps and Challenges

EghtesadOnline: The Monetary and Banking Research Institute (MBRI), the research arm of Central Bank of Iran, has looked into challenges ahead of Iran’s currency swap agreements and offered solutions.
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Publish Date: 08/September/2020 | 14:02

Central Bank of Iran Evaluates Tehran’s Monthly Housing Market

EghtesadOnline: Atotal of 9,080 homes were sold in Tehran during the fifth month of the current fiscal year (July -Aug. 21), registering a 35.4% decline compared with the preceding month and a 175.8% growth compared with the 3,292 deals in the corresponding month of last year.
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Publish Date: 02/September/2020 | 24:45

Gov’t Dues to CBI Related to ‘Debt Classification’

EghtesadOnline: The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance.
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Publish Date: 01/September/2020 | 11:21

Exporters Transfer Home $2.5 Billion

EghtesadOnline: The governor of the Central Bank of Iran said exporters transferred home $2.5 billion before the July deadline set by the regulator.
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Publish Date: 24/August/2020 | 11:48

Central Bank of iran Eases HSA Home Loan Condition

EghtesadOnline: The Central Bank of Iran has accepted Bank Maskan’s proposal on amending a condition for getting the Housing Saving Account’s mortgage loan, says a senior official with state agent bank of Iran’s housing sector.
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Publish Date: 19/August/2020 | 10:14

CBI Wants Banks to Buy Bonds

EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government.
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Publish Date: 19/August/2020 | 10:10

Central Bank of Iran Demands: Balancing Act of Banks

EghtesadOnline: Governor of Central Bank of Iran says the bank has been struggling to reform the banking system long saddled with mismanagement and financial indiscipline.
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Publish Date: 16/August/2020 | 11:20