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Iran: Rial Revaluation Issue Returns

EghtesadOnline: The government on Wednesday approved a central bank proposal based on which four zeros will be shaved off and the national currency rial and the change from official rial to the popularly used toman.
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Publish Date:04/August/2019 | 13:08

$27b Repatriated Via Iran's Secondary Currency Market in 1 Year

EghtesadOnline: Approximately $27.5 billion was repatriated by non-oil exporters to the secondary currency market known locally as Nima (Integrated Forex Deals System) since the fifth month of last calendar year (July 23-August 22, 2018) up until now, the central bank governor said Tuesday.
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Publish Date:31/July/2019 | 10:42

Hemmati Outlines Iran-Iraq Financial Agreements

EghtesadOnline: Governor of the Central Bank of Iran says Iraq has paid a large part of its debt to Iran. The debts are mainly related to Iranian gas and electricity export to the neighboring country.
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Publish Date:08/April/2019 | 15:13

Hemmati Sees Positive Side of Things

EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati says by implementing the tenets of the Resistance Economy in the new fiscal year (started March 21), the country can reduce the negative impact of unilateral US sanctions on the economy.
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Publish Date:06/April/2019 | 15:03

Iran's Foreign Debt Drops to $10.03 Billion

EghtesadOnline: According to central bank data, Iran’s foreign debt was $10.03 billion by the end of first nine months of the current fiscal on December 21.
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Publish Date:13/February/2019 | 14:08

Iran's Central Bank Assets Rise 27.8%

EghtesadOnline: Total assets of the Central Bank of Iran reached 7.1 quadrillion rials ($ 70.1 billion) in the first seven months of current fiscal year, registering 27.8% growth year-on- year and 16.1% growth compared to the end of the previous fiscal in March 2018.
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Publish Date:22/December/2018 | 15:36

Iran Liquidity Up 20.7% (October 2018)

EghtesadOnline: Central bank data show that total liquidity was 16.93 quadrillion rials ($166.06 billion) on October 22 -- 20.7% higher compared to the same month last year.
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Publish Date:18/December/2018 | 10:09

Central Bank Eases Currency Rules for Foreign Trade

EghtesadOnline: The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions, says the CBI deputy chief for foreign exchange affairs.
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Publish Date:16/December/2018 | 13:07

Iran's Central Bank Announces New Rules for Forex Trade

EghtesadOnline: The Central Bank of Iran in a directive on Saturday announced rules and regulations for selling and buying foreign currency of export earnings at authorized exchange bureaus.
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Publish Date:02/December/2018 | 10:32

Iran's Currency Repatriation Rules Revised

EghtesadOnline: Iran’s central bank has communicated the details of the latest currency repatriation rules that oblige all exporters to repatriate their earnings.
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Publish Date:20/November/2018 | 10:54

Iran Pursuing Options to SWIFT

EghtesadOnline: Governor of the central bank says if Iran is disconnected from the Belgium-based financial messaging service SWIFT (the Society for Worldwide Interbank Financial Telecommunications), alternative systems will be used to preserve ties with its trading partners.
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Publish Date:10/November/2018 | 09:22

Iranian Bank Debts to CBI Rising at Alarming Rate

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.
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Publish Date:20/October/2018 | 09:24

Iran's Reform Bill Targets CBI, Banking Sector

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.
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Publish Date:10/October/2018 | 05:51

Iran’s CB Allowed to Intervene in Forex Market

EghtesadOnline: The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major currencies.
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Publish Date:30/September/2018 | 05:42

Iran Q1 Growth at 1.8%: Central Bank (March-June 2018)

EghtesadOnline: Iran's gross domestic product in the first quarter of the current fiscal year (March 21-June 21) stood at 1,676.7 trillion rials ($12.59 billion at Sanarate.ir's Sunday exchange rate of 133,132 rials per dollar).
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Publish Date:17/September/2018 | 04:29

Iran Banking Reform Bills in MPs’ Crosshairs

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 .
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Publish Date:10/September/2018 | 05:36