Money
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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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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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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…
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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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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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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…
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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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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…
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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.…
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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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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’…
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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' Associatio…
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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,…
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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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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…
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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…
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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…
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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…