Money and Credit Council

As Coronavirus Takes Toll; Businesses Given 3-Month Grace Period

EghtesadOnline: The Money and Credit Council -- the top finance and banking policymaker -- agreed on Wednesday to postpone repayment of loans to mitigate the effect of new coronavirus on businesses.
2020-03-07 06:22
MCC Raises Loan Ceiling for Rural Housing and Jobs

EghtesadOnline: The Money and Credit Council - a top financial decision-making body affiliated to the Central Bank of Iran - approved a decision Wednesday to raise the ceiling of loans allocated…
2019-05-18 11:17
Central Bank of Iran allowed to Launch OMO

EghtesadOnline: The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday.
2019-04-20 13:55
Central Bank of Iran Says Subsidized Forex Policy a Short-Term Strategy

EghtesadOnline: In a report to the decision-making Money and Credit Council, the Central Bank of Iran outlined the effects of subsidized foreign exchange on the price of essential goods and food.
2019-01-29 14:57
Senior Banker Welcomes Central Bank of Iran's Interest Payment Rule: Interview

EghtesadOnline: A decision by the Money and Credit Council – a policymaking body - to scrap overnight interest payments has yet to display its full force but the development has become a topic…
2019-01-28 13:54
Iran Banks Scrap Overnight Interest Rates

EghtesadOnline: A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in…
2018-12-24 15:39
Banking Amendments Approved

EghtesadOnline: The Money and Credit Council approved the Central Bank of Iran’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures…
2018-05-26 09:57
MCC Members Approved

EghtesadOnline: The full list of officials comprising the Money and Credit Council–a decision-making body–was announced on Saturday.
2016-12-25 18:14
Minimum Capital for Offshore Banks €150m

EghtesadOnline: The Money and Credit Council – a decision-making body– has raised the minimum capital requirement for the establishment of banks in free trade zones from the previous €25 million…
2016-07-18 14:52