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Former CBI Chief Enumerates Pattern of Budgeting Flaws

EghtesadOnline: Former governor of the Central Bank of Iran, Tahmasb Mazaheri, lays the blame for the first-ever rejection of the general outlines of the country’s budget by parliamentarians on hereditary problems that are not exclusive to next year’s (March 2018-19) budget bill and have been there for years.
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Publish Date:05/February/2018 | 14:23

CBI : Non-Oil Sector to Expand by March 2018

EghtesadOnline: The Central Bank of Iran has projected that the country's non-oil sector's growth in the fiscal 2017-18 will outpace that of the preceding year, which was 3.3%.
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Publish Date:03/February/2018 | 07:16

CBI Governor Promises Stable Forex, Gold Markets

EghtesadOnline: Governor of the Central Bank of Iran has reiterated that foreign exchange rates will continue to dwindle while saying “we do not insist on illogically bringing down the price of gold coins” in reference to the regulator’s recent announcement that a country-wide coin presale is to start from Feb. 4.
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Publish Date:29/January/2018 | 10:59

CBI Governor Urges Caution on Bitcoin Trade

EghtesadOnline: The Central Bank of Iran's governor, in his first public comments on Bitcoin, has urged Iranian investors to exercise caution in trading the popular cryptocurrency.
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Publish Date:31/December/2017 | 10:58

CBI Post-Sanctions Policies Yield Positive Results

EghtesadOnline: Hard-hitting sanctions drove the Central Bank of Iran to direct the bulk of its focus toward boosting economic growth and job creation, and as the vice governor of the regulatory entity outlines, those policies are now increasingly bearing fruit.
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Publish Date:30/December/2017 | 05:33

Rate Cut Benefits in Retrospect

EghtesadOnline: A few months into the implementation of a Central Bank of Iran directive that meant changes for the banking system, depositors and markets, the regulator’s deputy for economic affairs has deemed it a successful scheme for giving rise to positive results.
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Publish Date:25/December/2017 | 05:40

CBI Governor: USD Rate to Moderate

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif tamped down worries about the surging exchange rate for the US dollar on Tuesday, stressing that the surging exchange rate for the US dollar is bound to "moderate".
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Publish Date:13/December/2017 | 24:44

Gov’t Denies Borrowing From CBI

EghtesadOnline: The administration of President Hassan Rouhani in its two terms has not borrowed anything from the Central Bank of Iran, the Ministry of Economic and Finance Affairs announced in a statement.
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Publish Date:28/November/2017 | 09:43

CBI Raises Official FX Rates

EghtesadOnline: In an unprecedented move, the Central Bank of Iran has increased the official rate of US dollar by 300 rials on Saturday.
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Publish Date:29/October/2017 | 24:35

CBI Puts Inflation at 9.8%

EghtesadOnline: The average goods and services Consumer Price Index for urban areas in the 12 months ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 9.8% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran.
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Publish Date:28/October/2017 | 11:52

Central Bank of Iran Unveils Fintech Policy

EghtesadOnline: The Central Bank of Iran on Sunday published a document on policies related to the operation of fintechs, clarifying its stance about the role of the regulatory body and defining non-bank firms and banks relations among other issues.
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Publish Date:09/October/2017 | 11:59

Iran: Dispute Over IFRS Compliance Resolved

EghtesadOnline: Minister of Economic Affairs and Finance Masoud Karbasian and Governor of the Central Bank of Iran Valiollah Seif have jointly signed a directive regarding bank balance sheets that could finally end a two-year dispute between the CBI and Audit Organization of Iran over who gets to set financial reporting standards for lenders.
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Publish Date:26/September/2017 | 07:13

CBI ’s Six-Point Roadmap on Foreign Finance Projects

EghtesadOnline: In his latest directive to the chief executives of banks, Governor of the Central Bank of Iran Valiollah Seif has laid down guidelines on how to spend any absorbed foreign finance to optimally boost national growth.
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Publish Date:05/September/2017 | 11:22

Central Bank of Iran Puts 2017-18 Growth at 5%

EghtesadOnline: The Central Bank of Iran has forecast an economic growth of at least 5% for the current Iranian year that ends on March 20, 2018.
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Publish Date:02/September/2017 | 13:37

Businesses Demand Interest Rate Observance

EghtesadOnline: Since the inflation rate has continued to decline in the last four years, businesses expect the Central Bank of Iran to strictly monitor the implementation of the new CBI directive to lower interest rates, said the head of Iran Chamber of Commerce, Industries, Mines and Agriculture.
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Publish Date:30/August/2017 | 13:49

CBI Tapping Capital Markets to Moderate Interest Rates

EghtesadOnline: CBI Governor Valiollah Seif has named the newly-formed cordial relationship between the country's monetary and capital markets as a factor for moderating bank interest rates, announcing that consequently, "banks have been allowed to sell some of their bonds in the secondary market".
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Publish Date:21/August/2017 | 13:25

Rate Unification Tops New CBI Deputy’s To-Do List

EghtesadOnline: Following last week’s appointment of Seyyed Ahmad Araqchi as the head of Foreign Exchange Department at the Central Bank of Iran, the new deputy is expected to oversee the long overdue task of unifying the dual foreign exchange rates–a promise central to the mission of Valiollah Seif, the CBI governor.
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Publish Date:16/August/2017 | 09:19

CBI , Iran Fintech Association Discuss Regulatory Framework

EghtesadOnline: The Central Bank of Iran has for the first time sought the help of Iran Fintech Association (FintechA) to make its final decision about the long overdue task of regulating fintech companies and startups.
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Publish Date:13/August/2017 | 24:34

Specialized Banks' Arrears to CBI Down 13.7%

EghtesadOnline: The total volume of six state-run specialized banks’ debts to the Central Bank Iran by the end of the last Iranian year (March 20, 2017) reached 494.4 trillion rials ($13.2 billion), marking an annual decline of 13.7% year-on-year .
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Publish Date:11/July/2017 | 05:52

CBI Issues Directives, Modifies Regulations

EghtesadOnline: As part of an overarching policy of reforming the banking sector, the Central Bank of Iran has issued two executive directives concerning capital adequacy and international conformity standards for credit institutions and formation of credit cooperatives.
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Publish Date:09/July/2017 | 08:23