CBI: Interest Rate of Interbank Market Exceeds 18 percent

Iran’s central Bank reported the function of interbank market in last Iranian calendar year, declaring the interest rate average was 18.62 percent.

Iranian Bank Opens Account in High Level European Bank

Refah Bank has opened a brokerage account in Austria's Ober Bank to expand its banking activities scope.

Iran’s Capital Market En Route to Connection to Hong Kong’s Exchange

Deputy Director of Iran’s Securities and Exchange Organization says Iranian authorities in capital markets are attempting to join the Hong Kong 's Stock Exchange.

"Figures Showing Exit of Stagnation in Iran's Construction Sector"

Deputy Director of statistical projects and registered statistics of the Center of Iran Statistics says figures indicate the end of stagnation in construction sector.

First Trilateral Deal Inked with Iranian Company

Iran's Ghadir Investment Holding signed an agreement with a Turkish and Russian companies to drill oil and gas, valuing at $7 billion.

Tax to Lift from Losing Trades

Head of Iran's Securities and Exchange Organizations says the tax from losing trades will be lifted in near future.

Iran, Bosnia Discuss New Economic Ties

A delegation comprised of the Chairman of the House of Peoples of Bosnia and Herzegovina, the Bosnian Ambassador to Tehran and the country’s economic attaché have met with officials from Iran’s cooperatives sector.

Iran Central Bank Releases Report on Liquidity

Iran’s total volume of liquidity in May 2017 reached 1,289 billion tomans, marking a 24.1 percent growth compared to the same period in 2016.

“Iran Petrochemical Exports to Turkey Normalized”

The Head of the Confederation of Iranian Exports says after a few days of delays and restrictions the shipping of Iranian petrochemical products to Turkey has resumed.

CBI Governor:

Iran’s Economy Purged of Illegal Credit Institutions

The Governor of Iran’s Central Bank says unauthorized credit centers have been eradicated from the country’s economy.

Bitcoin Splits in New Version

The first unit of Bitcoin cash which is a divergence of Bitcoin, was extracted.

Iran’s Sugar Production Hits New Highs

The Head of Iran’s Chamber of Commerce, Industries and Mines says the total sugar production of the country in 2016 hit 1.643 million tons, setting a record in the industry.

Gold Liquidity Fund Goes Active in Iran Mercantile Exchange

Tehran’s Stock Market says deals inside Parsian Lotus Investment Fund, as the first mercantile capital fund, have started as of July 30th after permits were issued in June.

Report Reveals Loans most Popular among Iranian Clients

Ian’s Central Bank has released the latest statistics on the types of loans granted to clients during the first Iranian month (1396), roughly the month of April, 2017.

Two New Contactless Payment Systems Set to Go Operational

The head of a key Iranian electronic payment firm says two comprehensive NFC applications have been designed and will soon start operating in the country’s transaction system.

Euro to Replace Dollar in Iran’s Foreign Trade Base Currency

Following in the footsteps of numerous world markets, Iran is gradually moving toward replacing the dollar with the euro in its international transactions.

“Near-Double Growth in Letters of Guarantee Issued by Iran Exim Bank”

The CEO of Iran’s Exim Bank, Export Development Bank of Iran, says the institution has established ties with some 70 banks in 24 European countries.

CBI Governor: No Overnight Reprinting of New Bank Notes

The Governor of Iran's Central Bank says the cabinet's proposed change in the currency unit has yet to be approved by parliament.

“Cabinet Vote on Changing Iran Currency Unit no Monetary Reform”

The Deputy Chief of Iran’s Central Bank says the Sunday decision by the cabinet to rename Iran’s currency unit from Rial to Toman is by no means a monetary reform plan.

CBI Launches Negotiations with Three Foreign Banks

The Foreign Currency Affairs Deputy of Iran’s Central Bank says deals on credit supply worth 12 billion dollars will be finalized with two European and one Asian bank in the coming month.

Iran Set to Change Currency Unit from Rial Back to Toman

The Iranian cabinet has finalized a financial plan to rename the country’s currency from the Rial to the Toman, based on which every ten Rials count for one Toman.

Senior Economist Calls for Immediate Interest Rate Reform

An advisor to Iran’s Minister of Roads and Urban Development says the country’s bank interest rate is in need of immediate reform.

British Pound Enjoys Fresh Jump in Iran Exchange Market

The official rate of the Great Britain Pound, GBP, in the Iranian exchange market has witnessed a significant growth of up to 1,300 rials in a matter of one month.

Permits Issued for 131 New Currency Exchange Offices

In the latest update released on July 22, 2017 of the list of authorized currency exchange offices, Iran’s Central Bank has increased the number to 550, up from 419 on March 5.

Iran Banking System Operating with over 23,000 Branches

According to the latest statistics released by Iran’s Central Bank, there are currently 23,300 branches of different banks and credit institutions operating in Iran’s economic sector. That means there is one branch for every 34,000 Iranians.

Iran Preparing to Launch "Mobile Government"

Iran's Minister of Communications says preparations are being made for the operation of a mobile government system as part of larger E-government comprehensive plans.

Banking Expert Calls for Gradual Implementation of IFRS in Iran

top Iranian banking observer stresses that International Financial Reporting Standards (IFRS) need to be gradually put in practice in Iran’s banking system.

Munich Re Signs 1st Post-Sanctions Deal With Iran | Financial Tribune

Iran's Saman Insurance has signed a contract with the world's largest reinsurance company Munich Re, Ahmadreza Zarrabieh, CEO of Saman Insurance said on Wednesday.

Iran Central Bank Updates Inflation Base Year

The Economic Affairs Deputy of Iran’s Central Bank says the country’s inflation base year has been updated, elevated from 2011 to 2016.

Iran, Turkey Plan to Set up Joint Economic Workgroup

The Head of Iran’s Central Chamber of Cooperatives has proposed the formation of an Iran-Turkey joint committee on trade and economy.