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Bank Mergers Possible

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international standards.
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Publish Date:27/May/2017 | 07:34

Banks Urged to Prioritize Bad Loan Recovery

EghtesadOnline: As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward recovering their non-performing loans.
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Publish Date:27/May/2017 | 05:21

Iran to Tap Int'l Debt Market After Risk Improvement

EghtesadOnline: The possibility of Iran entering the international debt market hinges on a number of reasons, namely its risk factor in the eyes of global entities, which the country expects to improve, the governor of the Central Bank of Iran said.
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Publish Date:23/May/2017 | 09:06

Reliability of Monetary Data Underscored

EghtesadOnline: Data released by the Central Bank of Iran are routinely monitored by the International Monetary Fund, therefore it must be compatible with international standards, announced the governor of CBI.
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Publish Date:21/May/2017 | 08:49

Iran Currency Market Unaffected by Presidential Election

EghtesadOnline: Governor of the Central Bank of Iran has dismissed claims that Friday's presidential election would trigger fluctuations in the foreign exchange market, reassuring the public that all is calm in the Iranian currency market.
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Publish Date:20/May/2017 | 10:37

CBI Governor Downplays Gov't Debts

EghtesadOnline: The Central Bank of Iran's governor has fended off criticism over government payment arrears to the banking sector, stressing that Iran is doing better than a number of other countries in this regard.
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Publish Date:16/May/2017 | 08:35

CBI Focuses on Banking Trouble Areas

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has outlined four troublesome areas for the Iranian banking system and what is currently being done to effectively address them.
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Publish Date:14/May/2017 | 04:43

Iran Moving Int'l Settlements to Russia, Turkey

EghtesadOnline: The Central Bank of Iran has recently decided to move international settlements from Persian Gulf states to Russia and Turkey, said the governor of CBI.
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Publish Date:29/April/2017 | 10:20

Seif: Forex Policy Unrelated to Elections

EghtesadOnline: Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that may arise from political events, the governor of CBI said.
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Publish Date:26/April/2017 | 08:46

Central Bank Allays Inflationary Concerns

EghtesadOnline: A notable decline in liquidity growth is a reassuring sign that Iran will be able to anchor its inflation in the single digits, the governor of the Central Bank of Iran said.
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Publish Date:23/April/2017 | 07:58

CBI to Allow Moneychangers Use Int’l Cards

EghtesadOnline: The Central Bank of Iran is planning to allow authorized exchange shops to use international cards in daily operations [instead of cash], the CBI governor said.
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Publish Date:18/April/2017 | 09:48

Banks’ Lending Up 40%

EghtesadOnline: Iranian banks' loan portfolio expanded by 40% during the year to March 20 despite grappling with a credit shortage, said the governor of the Central Bank of Iran.
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Publish Date:15/April/2017 | 08:50

CBI Favors 10% Lending Rate

EghtesadOnline: Banks' lending rates are still high and the government is making efforts to lower the lending rates in line with the inflation rate, said the Central Bank of Iran's governor.
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Publish Date:06/April/2017 | 18:02

Seif: Iran's FATF Membership by May

EghtesadOnline: The governor of the Central Bank of Iran believes that the country will be able to meet the conditions needed to become a full-time member of the Financial Action Task Force when the organization takes up Iran's case in May.
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Publish Date:11/March/2017 | 13:13

Iran, Indonesia to Open Joint Bank Account

EghtesadOnline: The establishment of a joint bank account between Iran and Indonesia will foster financial cooperation and facilitate bilateral transactions, said the Central Bank of Iran’s governor.
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Publish Date:01/March/2017 | 13:28

Iran Holds Key Conference on IFRS Adoption

EghtesadOnline: For International Financial Reporting Standards to truly take hold in Iran, they must be accorded significance on the national scale, the governor of the Central Bank of Iran said.
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Publish Date:26/February/2017 | 24:12

Trade Costs Declining After Sanctions Relief

EghtesadOnline: The achievements of Iran's nuclear deal must not be undermined, as the cost of foreign trade for the country is declining among other things, the governor of the Central Bank of Iran said.
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Publish Date:10/February/2017 | 14:16

Iran to Ditch US Dollar in Official Reports

EghtesadOnline: Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank of Iran late Saturday.
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Publish Date:30/January/2017 | 06:07