‘CBI taking necessary measures to support private sector, cooperatives’

TEHRAN – The governor of the Central Bank of Iran (CBI) said on Monday that his bank is focusing all its efforts to remove the currency-related barriers in the way of the country’s private sector and cooperatives’ trade activities, IRIB reported.

CBI to control forex market more through new monetary policy

TEHRAN- The governor of Central Bank of Iran (CBI) said the bank is controlling the forex market and plans to strengthen this control through a new monetary policy, IRIB reported.

CBI officially launches open market operation system

TEHRAN - The Central Bank of Iran (CBI) officially launched an open market operation (OMO) system on Thursday, as part of its monetary policy to curb inflation, control interest rates in the interbank market and manage liquidity, IRIB reported.

CBI to facilitate private sector’s foreign trade

TEHRAN – The governor of the Central Bank of Iran (CBI) says the bank is going to take necessary measures in order to facilitate the private sector’s foreign trade, IRIB reported.

Currency market fully under control: CBI governor

TEHRAN – The Governor of the Central Bank of Iran (CBI) says the bank is fully controlling the foreign currency market and people should not have any worries over the exchange rates.

Joining FATF is in line with national interests: CBI governor

TEHRAN – The governor of Central Bank of Iran (CBI) says joining the Financial Action Task Force (FATF) is in line with the interests of the country’s banking system, IRNA reported.

Forex market re-stabilized: CBI governor

TEHRAN –Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said the forex market has been re-stabilized in the country.

CBI governor meets with Iranian bankers

TEHRAN – The Governor of the Central Bank of Iran (CBI) held talks with the managing directors of the country’s banks in a CBI’s periodic meeting, IRIB reported on Tuesday, citing CBI public relations office.

Stability to come back to forex market: CBI governor

TEHRAN- The governor of the Central Bank of Iran (CBI) said that the bank will bring stability back to the forex market, IRIB reported.

Iran imports over $19b of basic goods in H1

TEHRAN – Governor of the Central Bank of Iran (CBI) said the country imported over $19 billion worth of basic goods in the first six months of the current Iranian calendar year (March 21-September 22), Tasnim news agency reported on Saturday.

‘Banks to offer $23.8b of loans to production units by Mar. 2020’

TEHRAN- Central Bank of Iran (CBI)’s governor announced that one quadrillion rials (about $23.809 billion) of banking loans will be granted to the production units in the country by the end of current Iranian calendar year (March 19, 2020), Mehr news agency reported on Thursday.

Iran, Turkey mulling over trade via national currencies: CBI governor

TEHRAN –In a meeting between Iran and Turkey’s presidents on Monday in Ankara, the two sides stressed expansion of economic and banking ties and emphasized the need for following up on a plan for trade via national currencies, the governor of the Central Bank of Iran (CBI) said.

Over $6b of loans paid to SMEs, semi-finished projects in 4 months

TEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first four months of the current Iranian calendar year (March 21-July 22), some 260.7 trillion rials (nearly $6.2 billion) worth of bank loans have been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress.

CBI mainly focuses on controlling liquidity, supporting domestic production: Hemmati

TEHRAN – Governor of Central Bank of Iran (CBI) said the bank’s current programs are mainly focused on controlling liquidity and supporting domestic production, IRNA reported on Saturday.

NIMA supplies over €7.19b for imports of basic goods

TEHRAN- Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €7.197 billion for imports of basic goods since the beginning of current Iranian calendar year (March 21) up to August 29, IRNA reported on Friday.

Launching integrated forex market postponed

TEHRAN – Central Bank of Iran (CBI) has postponed launching the integrated forex market which was due to start operation by mid-August, Tasnim news agency reported.

Integrated forex market to start operation by mid-August

TEHRAN- Central Bank of Iran (CBI) plans to launch an integrated forex market in the country by mid-August, IRIB reported.

Iran-Iraq $20b trade target not out of reach: CBI governor

TEHRAN – Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati held talks with Iraqi Finance Minister Fuad Mohammed Hussein on Monday night to discuss expansion of banking relations between the two countries, IRNA reported.

Launching integrated forex market in last stages: CBI

TEHRAN- Central Bank of Iran (CBI) announced that launching integrated forex market in the country is in the last stages, IRIB reported.

CBI plans to channel liquidity into production: governor

TEHRAN- Central Bank of Iran (CBI)’s Governor Abdolnasser Hemmati said this bank has some plans for channeling the liquidity into production in a target-oriented way, ISNA reported on Wednesday.

CBI manages to stabilize foreign currency market: report

TEHRAN – The value of Iranian rial is recovering against the U.S. dollar as the Central Bank of Iran (CBI) policies for shielding the currency against the U.S. sanctions are taking effect.

Liquidity at $448b in a year: CBI

TEHRAN- Iran’s liquidity stood at 18.82 quadrillion rials (about $448.095 billion) in the past Iranian calendar year (ended on March 20, 2019), IRIB reported citing a report released by the Central Bank of Iran (CBI).

Iran’s oil exports rising despite U.S. pressures: CBI governor

TEHRAN – The governor of Central Bank of Iran (CBI) said the country’s oil exports are following an upward trend despite the U.S. pressures for cutting them to zero, IRNA reported.

$5b allocated to supply basic goods in a quarter

TEHRAN- Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced that the government has allocated $5 billion for importing basic goods during the first quarter of current Iranian calendar year (March 21-June 21), IRIB reported.

Govt. puts priority on people’s livelihood during sanctions: CBI governor

TEHRAN – The Central Bank of Iran (CBI) governor said addressing people’s livelihood is the government’s priority during the sanctions era, IRIB reported.

By Mahnaz Abdi

Integrated forex market to fill gaps created by NIMA

In early July 2018, Iran launched Forex Management Integrated System, locally known as NIMA, to allow the exporters of non-oil commodities to sell their foreign currency earnings to importers of consumer products.