Iranian rial regains value by 40% in 8 months: CBI

TEHRAN – Governor of Central Bank of Iran (CBI) said Iranian rial has been strengthened by over 40 percent against U.S. dollar in the past eight months, IRNA reported.

CBI sees stable currency market after turbulent year

TEHRAN – Governor of Central Bank of Iran (CBI) said the currency market is moving toward stability and predictability after a year of turmoil, IRNA reported.

Ambiguities surrounding the case of former central banker will be cleared up soon: Judiciary

TEHRAN - Judiciary spokesman Gholam Hossein Esmaeili said on Tuesday that investigation will continue over the performance of Valiollah Seif, the former governor of the central bank.

Cabinet OKs taking zeroes off currency

TEHRAN – Iranian cabinet approved a bill proposed by Central Bank of Iran (CBI) for eliminating four zeroes from the national currency, IRNA reported.

By Haniyeh Sadat Jafariyeh

May Iranian economy resuscitate from doldrums

TEHRAN – Inflation rate (the increase in consumer prices besides those of the producer), as one the main economic indices, has skyrocketed during the past recent year, i.e. as of the US withdrawal from the JCPOA, May 8, 2018. 

‘Iran’s economy strong enough to withstand U.S. sanctions’

TEHRAN – A member of Majlis Economic Committee said on Tuesday that the country’s economy has the capacity to pass through the unjust U.S. sanctions, IRIB reported.

Iran, Australia stress expansion of banking ties

TEHRAN- Deputy Governor of Central Bank of Iran (CBI) Akbar Komijani held talks with the Australian Ambassador to Tehran, Ian Biggs, on Tuesday to discuss expansion of banking and economic relations.

NIMA supplies over €17.3b for imports of goods, services

TEHRAN - Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €17.357 billion for imports of goods and services since it was launched in April 2018 up to July 22, 2019, IRNA reported.

Govt. gives green light for cryptocurrency mining

TEHRAN – Iranian government, in a cabinet meeting on Sunday, approved cryptocurrency mining as an industrial activity, IRNA reported.

Bank loans to industrial, mining sector up over 41%

TEHRAN - Banks and credit institutions provided the industrial and mining sector with 300 trillion rials (about $7.14 billion) worth of loans in the first two months of the current Iranian year (March 21-May 21), registering a 41.5 percent rise year-on-year.

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.

By Mahnaz Abdi

Integrated forex market to replace NIMA?

In early January, Money and Credit Council (MCC), the highest banking policy-making body of Central Bank of Iran (CBI), approved establishment of an integrated forex market as the CBI aims to explore the real volume of demand and supply in the foreign currency market through a new mechanism.

Govt. economic committee approves mechanism for mining cryptocurrencies

TEHRAN - Iranian government’s economic committee on Sunday approved a mechanism for mining cryptocurrencies as Iran rushes to bring its growing mining farms in line with national laws, Mehr news agency reported.

Bank loans to economic sector rise 20% yr/yr

TEHRAN- Iranian banking system offered nearly 13 quadrillion rials (over $309.5 billion) facilities to domestic economic sectors during the past Iranian calendar year (March 21, 2018-March 20, 2019), to register a 20 percent raise in comparison with the year before, Central Bank of Iran (CBI) data showed.

By Mahnaz Abdi

Forex market stabilized, rial soaring

Forex market in Iran has been experiencing many ups and downs after the U.S. withdrew from Iran’s nuclear deal (known as JCPOA) in May 2018.

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.

‘$5b of non-oil revenues injected to NIMA since March’

TEHRAN – Iran’s non-oil exporters injected $5 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, since the beginning of the current Iranian calendar year (March 21), IRNA reported, quoting an official with the Central Bank of Iran (CBI).

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 foreign debt drops 17% in a year: CBI

TEHRAN - Iran’s foreign debt fell to $9.339 billion at the end of the last Iranian calendar year (March 20, 2019), registering a nearly 17 percent drop compared to the figure for the preceding year, IRNA reported on Monday, citing central bank data.

Govt., private sector discuss amending CBI directive on re-injection of export income

TEHRAN - The 86th Dialogue Council of the Government and the Private sector was held in Tehran on Tuesday to discuss issues pertain to foreign trade and currency market, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

CBI hosts a gathering of economists to discuss monetary issues

TEHRAN – In a meeting with the country’s economists in Tehran on Monday, the governor of Central Bank of Iran (CBI) explored issues like Integrated Forex Market, open market operations (OMO), liquidity and inflation, IRIB reported.

Industry ministry unveils directive on re-injection of export income

TEHRAN – Following the Central Bank of Iran (CBI), the ministry of industry, mining and trade has issued a directive package which provides the country’s exporters with guidelines about how they should re-inject their foreign currency incomes into the country’s economy, IRNA reported on Thursday.

NIMA supplies over €4.5b for imports of basic goods

TEHRAN- Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €4.564 billion for imports of basic goods since the beginning of current Iranian calendar year (March 21), IRNA reported on Wednesday.

Capital market optimistic about integrated forex market

TEHRAN- Iranian capital market’s experts are optimist about launching the integrated forex market, as this market promotes the performance of domestic industries which will lead to positive performance of the capital market, IRNA reported on Tuesday quoting some of these experts including Homayoun Darabi and Mohammad Eqbal-Nia.

NIMA will not be omitted: CBI governor

TEHRAN- Central Bank of Iran (CBI)’s governor dismissed the news that the domestic Forex Management Integrated System (locally known as NIMA) would stop activity, IRIB reported.

Inflation rate at 34.2%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on May 21, which marks the end of the second Iranian calendar month of Ordibehesht, stood at 34.2 percent, IRIB reported.

CBI issues directive on re-injection of export income

TEHRAN – Central Bank of Iran (CBI) has unveiled a directive package which provides the country’s exporters with guidelines about how they should re-inject their foreign currency incomes into the country’s economy, Tasnim news agency reported on Monday.

‘Exporters re-inject 60% of their foreign currency earnings into economy’

TEHRAN- The governor of the Central Bank of Iran (CBI) said so far the country’s exporters have re-injected 60 percent of their total exports revenues in the form of foreign currency into the country’s financial system, IRNA reported on Friday.

Iran to launch organized forex market next week: fin. min.

TEHRAN- Iranian finance and economic affairs minister announced that an organized forex market will be launched in the country in the next week, IRNA reported on Friday.

CBI drafts plans for shielding economy against sanctions

TEHRAN - Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced on Friday some of CBI plans for neutralizing or relieving the impact of U.S. sanctions on the country’s economy, IRNA reported.