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Iran Gov’t Mulling Creation of Forex Open Market

EghtesadOnline: The government has agreed to consider a business community proposal to recognize a "secondary" foreign exchange market where rates are determined by supply-demand mechanism.
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Publish Date:24/June/2018 | 04:16

Gov’t Limits Forex Supply to Importers

EghtesadOnline: The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official as saying.
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Publish Date:19/June/2018 | 05:38

Rejecting Direct Intervention, Government Taps Education

EghtesadOnline: President Hassan Rouhani's administration has no intention to interfere in the activities of Iranian startups or impose its will on the sector since authorities are of the opinion that deregulation along with providing younger generations with proper education are the key to boosting the sector, an official with the ICT Ministry told reporters.
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Publish Date:18/June/2018 | 08:00

Gov't Looks to Boost Fintechs, E-Banking

EghtesadOnline: The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking.
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Publish Date:24/February/2018 | 06:29

$660m Allocated to Modernize Irrigation Systems

EghtesadOnline: The government has allocated 31.17 trillion rials ($660 million) for the installation of modern irrigation systems in farmlands across the country, of which 41% (close to $270 million) have been invested so far.
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Publish Date:18/February/2018 | 08:14

$6.4b Worth of Gov’t Bonds Issued This Year

EghtesadOnline: The government has issued over 300 trillion rials ($6.4 billion) worth of debt securities so far in the current fiscal year (started March 21, 2017), Chairman of Islamic Republic of Iran Debt Management Organization Mehdi Banani announced.
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Publish Date:18/February/2018 | 07:57

Iran Gov't Prepares Forex Package as Market Finds Respite

EghtesadOnline: As the fallout from the forex market volatility continued into Wednesday, the Cabinet approved a package by the Central Bank of Iran to stabilize the market and push speculators into a legal framework.
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Publish Date:15/February/2018 | 08:57

Private Sector Help Needed in Water Projects

EghtesadOnline: The government has allocated $1.2 billion to water management schemes in the five past years, a majority of which have been planned in collaboration with the private sector, data released by the Ministry of Energy showed.
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Publish Date:13/February/2018 | 08:10

Gov’t Still Pursuing Forex Rate Unification

EghtesadOnline: The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.
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Publish Date:03/February/2018 | 07:20

Forex Rate Unification in Iran Put Off by Bullish Dollar

EghtesadOnline: With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.
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Publish Date:31/December/2017 | 10:40

CI: Gov't Arrear Repayment to Invigorate Iranian Banks

EghtesadOnline: In its latest analysis of the Iranian banking sector, Capital Intelligence, the international ratings agency, noted that the repayment of government arrears to banks and the private sector is an urgent priority for Iranian banks to lift their weak capital adequacy ratios and allow their financing capacity to improve.
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Publish Date:20/December/2017 | 07:12

Gov’t Spending Tops Revenues

EghtesadOnline: Iran’s budget deficit came in wider than expected in the first seven months of the current fiscal year (March 21-Oct. 22) to reach 223.9 trillion rials ($5.3 billion), according to the Central Bank of Iran's latest report.
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Publish Date:19/December/2017 | 05:34

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

Government Proposes Trilateral Debt Swap

EghtesadOnline: The government has proposed a trilateral swap deal among the state, private contractors and banks to help ease its debt burden.
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Publish Date:20/November/2017 | 06:56

Gov’t, TM to Build 55,000 Houses in Old Districts

EghtesadOnline: The Iranian government and Tehran Municipality are assessing regulations of their joint project to build 55,000 residential units in Tehran’s distressed areas under the moniker “Pishgam Housing Plan”.
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Publish Date:12/November/2017 | 05:33