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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.
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Bitcoin Splits in New Version
The first unit of Bitcoin cash which is a divergence of Bitcoin, was extracted.
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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.
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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.
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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.
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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.
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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.
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“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.
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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.
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“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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Report on Medics’ Tax Evasion Released
The head of Iran’s Tax Affairs Organization has released details on the country’s tax evasion, including that of the medical doctors’ community.
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Government roposes New Jewelry Value Added Tax
The Iranian cabinet has proposed to parliament a new value added tax rate for gold products, that’s according to the Gold and Jewelry Union Chief.
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Central Bank to Reimburse Some Caspian Institution Clients
The first deputy of Iran’s judiciary says the country’s Central Bank has agreed to redeposit the accounts of some clients of the Caspian Credit Institution.
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Insurers Incur Five Massive Compensations in One Year
Iranian insurance firms have lost millions of dollars in five compensation cases in a matter of one year, a loss which according to observers could have been prevented with improved risk management plans.
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Oil Minister Reports to Parliament on Total deaL
In an open parliamentary session on Wednesday, Iran’s oil minister offered the MPs a detailed report on the country’s landmark deal recently-signed with France’s Total.
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Iran Parliamentary Committee Finalizing Report on FATF
The head of the Iranian Parliament’s Economic Committee says the body’s report on the Financial Action Task Force, FATF, has been nearly finalized and will soon be delivered to the Parliament’s Governing Board and the Supreme Council of National Security.
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Central Bank Governor:
Interim accounts opened for Caspian Credit Institution clients
The Governor of the Central bank of Iran says the process of opening interim accounts for the clients of Caspian Credit Institution began on Monday.
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Scholar: Profit of Deposits Is Root Cause of Banking Problems
A monetary and banking expert Hassan Motamedi says the root cause of banking problems in Iran is the profit .of deposits
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EN Bank CEO Advises Establishment of Bad Debt Collection Center
Bank Maskan (Housing Bank) CEO Mohammad-Hashem Botshekan says a new banking body should be assigned with the task to collect bad debts