banking system
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Expert Explores Roots of Financial Imbalance in Iran’s Banking System
EghtesadOnline: The government’s debts to the banking system currently accounts for 10% of the money supply and the banks’ debts to the Central Bank of Iran constitute 22% of the monetary base.…
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Iran's Banking Reforms Making Slow But Steady Progress
EghtesadOnline: Governor of Central Bank of Iran says the bank has been working hard to reform the banking system long grappling with mismanagement and financial indiscipline.
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Iran Majlis to Vote on Banking Reform Bills
EghtesadOnline: The Majlis speaker says reforms to the central bank law proposed by the government to overhaul the dysfunctional banking system has been reviewed in the relevant committees and…
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Tehran Keeps on Borrowing
EghtesadOnline: Central bank data says total lending by the banking system reached 13.23 quadrillion rials ($89.4 billion) during the 12 months to July 22.The figure was 29% higher year on year.
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Iranian Banks' Loans to Knowledge-Based Firms Exceed $261m in H1
EghtesadOnline: The banking system lent more than 36 trillion rials ($261.8 million) to 1,043 knowledge-based companies during the first half of the current fiscal (March-September), the Central…
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Iran Chamber of Commerce Demands Responsive and Responsible Banking Sector
EghtesadOnline: The head of Iran Chamber of Commerce, Industries, Mines and Agriculture called on the government and the Central Bank of Iran to improve oversight of the cumbersome banking system…
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Iranian Bank Debts to CBI Rising at Alarming Rate
EghtesadOnline: Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid…
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Trump Tactic to Sanction Swift May Not Work
EghtesadOnline: The Trump administration abandoned the Iran nuclear deal this year and is reimposing sanctions. The sanctions leave western companies and banks with a stark choice. If they do…
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The Brussels Times: Legal Status of EU Trade Payment Mechanism With Iran Still Unclear
EghtesadOnline: EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal. To circumvent US sanctions, they recently announced a plan for maintaining payment channels…
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Iran's Reform Bill Targets CBI, Banking Sector
EghtesadOnline: A major part of the Comprehensive Banking Law targeting the struggling banking system and problems of the central bank has been approved, the head of the Monetary and Banking…
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Iranian Lawmakers Conclude Review of Central Bank Bill
EghtesadOnline: Members of the economic commission of Iran’s Parliament on Tuesday concluded the review of reform measures concerning the Central Bank of Iran, which is part of wider reforms…
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Bank Debts Behind Monetary Base Growth
EghtesadOnline: A review of official data published in Central Bank of Iran’s reports by Tehran Chamber of Commerce, Industries, Mines and Agriculture shows that rising liabilities of the banking…
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Iran Banking Reform Bills in MPs’ Crosshairs
EghtesadOnline: Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in…
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Central Bank of Iran Sets Forex Deposit Terms
EghtesadOnline: The Central Bank of Iran on Saturday notified a directive to the banking system, which sets foreign currency deposit interest rates and doubles down on the previous promise of…
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Iranian Lawmakers Start Scrutinizing Banking Reform Bill
EghtesadOnline: Members of Majlis Economic Commission have commenced the process of reviewing articles of the Majlis motion to undertake long-awaited reforms in Iran's banking system and bestow…
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Call for Banking Support to Scale Up Renewables
EghtesadOnline: The prospect of meeting a sizable share of electricity demand through renewables requires a stronger support by banking system, a senior energy official said.
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New CBI Governor Discusses Coordination With Bank CEOs
EghtesadOnline: Newly-appointed governor of the Central Bank of Iran, Abdolnasser Hemmati, met with the chief executives of banks and credit institutions to review challenges facing the banking…
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Challenges Ahead for Banking System
EghtesadOnline: The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector…
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Iran's Central Bank Mulling Interest Rate Tweaks
EghtesadOnline: A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system.
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CBI Cancels USSD Payment Fees
EghtesadOnline: The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted…
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Iran Banking Reforms in Final Lap
EghtesadOnline: The initiative to reform the country’s banking system is in its final stage with financial stability being at the core of the measures, the vice governor of the Central Bank of…
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Iran Parliament Promises Bank Reform by Yearend
EghtesadOnline: The Majlis Economic Commission has put in motion three plans to improve the country’s economic conditions, all of which concern the ailing banking system and will materialize…
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FM official: Iran encourages interaction of Iranian banks with global banking system
EghtesadOnline: Iran is seeking to ease fear of world banking system from doing business with Iranian banks, senior official with the Foreign Ministry Fereydoun Haqbin said on Wednesday.