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Money Supply Jumps 40%

EghtesadOnline: Data released by the Central Bank of Iran show broad money supply increased to 40,680 trillion rials ($150 billion) to Sep.22.
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Publish Date:25/October/2021 | 14:53

Sight Deposits Attractive Still

EghtesadOnline: Central Bank of Iran data shows despite decline in growth of sight deposits, depositors are keen about keeping their money in banks so long as term interest rates on deposits and sight deposits are attractive.
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Publish Date:07/August/2021 | 13:46

Broad Money Supply Rises 38.4%

EghtesadOnline: Broad money supply reached 31,300.2 trillion ($130 billion) at the end of third quarter of the current fiscal year on Dec. 20, indicating 38.4% Y/Y growth.
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Publish Date:01/February/2021 | 18:40

FATF Toughens AML Rules

EghtesadOnline: The Financial Action Task Force, the global dirty money watchdog, on Friday agreed to revamp its standards to beef up monitoring of financing aimed at evading US and United Nations sanctions and proliferating weapons of mass destruction, the US Treasury Department said.
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Publish Date:26/October/2020 | 15:16

Financial Institutions Can Offer E-Wallets

EghtesadOnline: Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's financial markets.
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Publish Date:27/August/2020 | 17:50

Money Issuance Halved

EghtesadOnline: annual growth of money creation by banks fell 57% in the first five months (March 21-August 22) of the current fiscal year, the Economy Ministry reported.
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Publish Date:23/September/2022 | 09:41

Call for Informed Monetary Analysis

EghtesadOnline: Monetary variables, such as broad money supply, needs to be assessed in light of special circumstances and unusual circumstances, a Central Bank of Iran official said.
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Publish Date:02/December/2020 | 13:17

Workers Struggling to Make Ends Meet

EghtesadOnline: With current wages, workers run out of money only 10 days into the month, says Ali Aslani, a member of Supreme Labor Council.
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Publish Date:28/September/2020 | 18:54

Banks Instructed to Allot 3% of Resources for Bond Buying

EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-month deadline for this task.
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Publish Date:27/August/2020 | 17:44

CBI: Money Supply in Check

EghtesadOnline: The CBI governor says the bank has kept the growth of money supply in check which is a harbinger of decline in inflation rate.
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Publish Date:25/August/2020 | 10:58

Rise of Sight Deposits

EghtesadOnline: The Central Bank of Iran said increase in sight deposits far outpaced term deposits in the first quarter of the current fiscal year (March 20-June 20), reflecting depositors’ reluctance to keep money in banks for extended periods.
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Publish Date:02/August/2020 | 14:04

Iran: New Interest Rates Unattractive

EghtesadOnline: New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Association said.
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Publish Date:18/July/2020 | 16:36

Iran's CB Looking at Euro CDs

EghtesadOnline: The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply, the bank’s governor said.
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Publish Date:29/June/2020 | 24:19

Central Bank of Iran Revisits Supply of Money

EghtesadOnline: The Central Bank of Iran said in a report that broad money supply reached 24,721.5 trillion rials ($137 billion) when the fiscal year ended in the third week of March.
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Publish Date:16/June/2020 | 08:00

MRC Calls for Higher Public Float of Stocks

EghtesadOnline: With stock market indicators heading upward at a regular pace and fresh money pouring in the bourse from an ever-increasing number of investors, the Majlis Research Center stressed the need to take appropriate measures to balance the market by boosting the supply side.
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Publish Date:13/June/2020 | 07:07

Money Supply Skyrocketing

EghtesadOnline: Liquidity in Iran crossed 22,623 trillion rials ($165 billion, calculated as per 137,000 rials to a dollar) at the end of the third Iranian quarter (Dec 21), the Central Bank of Iran reported.
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Publish Date:15/February/2020 | 13:03

Iran: Declining Long-Term Deposits Sounds Inflation Alarm

EghtesadOnline: A report on the value of deposits with 11 selective banks shows long-term deposits are increasingly turning into sight deposits, rising concerns about inflation in prices as depositors may funnels their money into various markets.
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Publish Date:03/February/2020 | 13:11

Iranian Mobile App ‘Mahak’ Helps Get Smarter About Money

EghtesadOnline: Managing income and expenses while sticking to a budget have become easier with the help of personal finance apps. A new e-wallet smartphone application, Mahak, has been launched as another efficient means of managing income and expenses.
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Publish Date:17/November/2018 | 10:01