Iranian economy emerging from recession: central bank

TEHRAN - The governor of the Central Bank of Iran (CBI) said CBI’s major economic indicators show that the economy is emerging from a recession that began nearly two years ago when the United States imposed sanctions on Tehran.

‘OMO to control, not to lower liquidity growth’

TEHRAN- Ali Eslami Bidgoli, a member of Iran’s Securities and Exchange High Council, says that Open Market Operation (OMO) system, recently launched by the Central Bank of Iran (CBI), should not be expected to reduce the inflow of liquidity into the market, while it is to control it.

Inflation rate slides 1.4%: SCI

TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on January 20, which marks the end of the tenth Iranian calendar month of Dey, stood at 38.6 percent.

Comprehensive Islamic banking bill should be modified: former CBI governor

TEHRAN- A former governor of the Central Bank of Iran (CBI) says that the country’s comprehensive Islamic banking bill requires some modifications, IRNA reported.

Open market to stabilize liquidity: banking expert

TEHRAN- Liquidity stabilization in the country will be the major result of launching open market operation (OMO) system in the banking system, Seyed Bahaeddin Hosseini Hashemi, a banking and monetary expert, stated.

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.

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.

Bank loans to economic sectors rise 27% in 8 months yr/yr

TEHRAN- Iranian banking system has paid 5.31 quadrillion rials (about $126.42 billion) of facilities to domestic economic sectors in the first eight months of the current Iranian calendar year (March 21-November 23), registering a 27.6-percent rise from the previous year’s same period, IRNA reported citing the data released by the Central Bank of Iran (CBI).

Budget bill envisages 10% more income for government-owned banks

TEHRAN- The national budget bill for the next Iranian calendar year (starts on March 20, 2020) has predicted a 10.2-percent more income for the Central Bank of Iran (CBI) and the government-owned banks, 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.

Bank loans to economic sectors up 26% in H1

TEHRAN- Iranian banking system has offered 3.821 quadrillion rials (about $90.97 billion) to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-Spetember 22), registering a 26-percent rise from the previous year’s same period, IRNA reported.

CBI orders banks to establish anti-money laundering units

TEHRAN – Central Bank of Iran has obliged all the country’s banks and credit institutions to establish anti-money laundering units, IRNA reported on Wednesday.

Iran’s economy moving forward: CBI governor

TEHRAN –Governor of the Central Bank of Iran (CBI) said that the positive balance in Iran’s non-oil trade is an indication that the country’s economy is moving forward, Mehr news agency reported.

Iranian rial regains value by 40% in a year: CBI

TEHRAN – Governor of Central Bank of Iran (CBI) said the value of Iranian currency, rial, has recovered by over 40 percent against U.S. dollar in the past 12 months, IRIB reported.

Over $6b of loans paid to SMEs in 5 months

TEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first five months of the current Iranian calendar year (March 21-August 22), some 264.943 trillion rials (nearly $6.3 billion) worth of bank loans have been offered to small and medium-sized enterprises (SMEs) to complete semi-finished projects with an over 60 percent physical progress.

IMF to support all members including CBI: Georgieva

TEHRAN – International Monetary Fund (IMF)’s New Head Kristalina Georgieva said the fund will do its best to provide its support and technical services to all members including Central Bank of Iran (CBI) equally, IRNA 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.

Nearly €8b of non-oil income injected to NIMA in H1

TEHRAN - Iran’s non-oil exporters injected €7.98 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, during the first half of the current Iranian calendar year (March 21-September 22).

CBI governor visits Kuwait to attend intl. banking conference

TEHRAN – The governor of Central Bank of Iran (CBI) traveled to Kuwait on Monday to attend an international banking conference in the neighboring country, IRNA reported.

U.S. sanctions Iran’s central bank to please Saudis, ex-diplomat says

TEHRAN - Abdolreza Faraji-Rad, Iran’s former ambassador to Norway, has said that the United States imposed sanctions on the Central Bank of Iran (CBI) to please the Saudi rulers.

CBI forms Open Market Operations executive committee

TEHRAN – The governor of Central Bank of Iran (CBI) has officially announced the formation of an executive committee on Open Market Operations (OMO), introducing the committee members.

Iran’s currency value stable despite new U.S. sanctions

TEHRAN – Iran’s national currency rial has been holding firm over the past few days despite the new U.S. sanctions which have targeted the country’s central bank and its sovereign wealth fund, Press TV reported.

Bank loans to economic sectors up over 30%

TEHRAN- Iranian banking system has offered facilities to domestic economic sectors in the first four months of the current Iranian calendar year (March 21-July 22), stood at 2.188 quadrillion rials (about $52.1 billion), rising 30.9 percent from the previous year’s same period, IRIB reported.

Iranian banks’ foreign assets up 13%

TEHRAN - The total value of Iranian banks’ foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion), registering a 13-percent rise compared with the corresponding period of last year.

By Mahnaz Abdi

Investment funds laying ground to attract more investors

Investment funds have gained high popularity among the investors over the past two decades.

Iran’s external debt drops 7%

TEHRAN - Iran’s debts to foreign lenders in the end of the third Iranian month of Khordad (June 21, 2019) stood at $8.678 billion, showing seven percent decrease compared to the announced figure at the end of the past Iranian calendar year (March 20, 2019), IRIB reported on Sunday.

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.

Liquidity at $475b in a month

TEHRAN- Iran’s liquidity stood at 19.979 quadrillion rials (about $475.69 billion) during the third month of the current Iranian calendar year, Khordad (May 22-June 21), according to a report released by the Central Bank of Iran (CBI).