tag Money and Credit Council

MCC Raises Loan Ceiling for Rural Housing and Jobs

EghtesadOnline: The Money and Credit Council - a top financial decision-making body affiliated to the Central Bank of Iran - approved a decision Wednesday to raise the ceiling of loans allocated for renovating rural residential units and interest-free loans for job creation.
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Publish Date:18/May/2019 | 11:17

Iran Banks Scrap Overnight Interest Rates

EghtesadOnline: A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as the basis.
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Publish Date:24/December/2018 | 15:39

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

MCC Members Approved

EghtesadOnline: The full list of officials comprising the Money and Credit Council –a decision-making body–was announced on Saturday.
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Publish Date:25/December/2016 | 18:14

Minimum Capital for Offshore Banks €150m

EghtesadOnline: The Money and Credit Council – a decision-making body– has raised the minimum capital requirement for the establishment of banks in free trade zones from the previous €25 million to €150 million.
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Publish Date:18/July/2016 | 14:52

Central Bank of Iran allowed to Launch OMO

EghtesadOnline: The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday.
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Publish Date:20/April/2019 | 13:55