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.

‘Forex reserves enough to stabilize domestic market amid U.S. pressures’

TEHRAN - Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said the country’s foreign currency reserves are enough to stabilize the country’s forex market after U.S. ended the waivers for Iranian oil buyers.

Natural disasters insurance fund to be established: CBI governor

TEHRAN- Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced that a natural disaster insurance fund will be set up in the country, IRIB reported.

CBI rejects rumors of requesting loan from IMF

TEHRAN – Central Bank of Iran (CBI) has denied the recent rumors about the bank applying for a loan from the International Monetary Fund (IMF).

'U.S. move against IRGC indicates its failure in anti-Iran economic measures'

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati underlined that the U.S. designation of the Islamic Revolution Guards Corps (IRGC) as a ‘terrorist organization’ shows its failure in anti-Iran economic pressures and policies.

Iran’s annual oil revenues exceed $65.8b: CBI

TEHRAN – According to the Central Bank of Iran (CBI)’s latest data, Iran’s revenues from crude oil and oil products exports in the Iranian calendar year of 1396 (March 2017 - March 2018) stood at $65.818 billion.

Iran’s mechanism for INSTEX to be set up soon: CBI governor

TEHRAN- The Iranian mechanism which is in consistence with INSTEX (the special purpose vehicle to facilitate trade between the EU and Iran to get around U.S. sanctions) will be set up in Tehran soon, Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said on Friday night.

‘Iraq willing to establish joint bank with Iran’

TEHRAN – Iraq has expressed readiness to establish a joint bank with Iran, Tasnim news agency reported on Monday quoting the secretary general of Iran-Iraq Joint Chamber of Commerce.

By Haniyeh Sadat Jafariyeh

Contentious case of FATF membership

The Paris-based Financial Action Task Force (FATF) on Friday extended the suspension of countermeasures against Iran for another four months, until June, recognizing the country's efforts in meeting its Action Plan.

Liquidity almost at $410b in a month

TEHRAN- Iran’s liquidity stood at 17.25 quadrillion rials (about $410.7 billion) during the seventh month of the present Iranian calendar year, Mehr (October 22- November 21, 2018), according to a report released by the Central Bank of Iran (CBI).

Forex market under CBI’s full control

TEHRAN- "The Central Bank of Iran (CBI) has a full control over domestic foreign exchange market," the central bank Governor Abdolnaser Hemmati announced in a televised interview on Tuesday.

By Haniyeh Sadat Jafariyeh

Getting around sanctions with crypto-rial

In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of money laundering and financing risks.

‘Banking system reformations on CBI agenda’

TEHRAN- “The plan on amending domestic banking system is being investigated comprehensively and will become operational after getting prepared,” the governor of the Central Bank of Iran (CBI) announced in social media.

By Haniyeh Sadat Jafariyeh

Currency reconversion not a turning point in economic reformation

One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes.

Iran, Syria explore facilitation of bilateral banking transactions

TEHRAN- In a meeting between Central Bank of Iran (CBI) Governor Abdolnaser Hemmati and Syrian Minister of Economy and Foreign Trade Mohammad Samer al-Khalil in Tehran on Monday, the two sides investigated the ways to facilitate banking transactions between Iran and Syria, CBI website published.

‘Banks’ monthly overdrawn from CBI reduced’

TEHRAN- The governor of the Central Bank of Iran (CBI) announced that Iranian banks’ overdrawn from the CBI financial resources has been decreased in the ninth month of the present Iranian calendar year Azar (November 22- December 21, 2018) in comparison with the preceding month, IRNA reported on Tuesday.

External debt down 10.7%

TEHRAN- According to the newest data released by the Central Bank of Iran (CBI), Iran’s debts to foreign lenders in the end of the seventh Iranian month of Mehr (October 22) stood at $10.093 billion, showing 10.7 percent decrease in comparison with the announced figure in the first Iranian calendar month of Farvardin (March 21- April 20, 2018), IRIB reported on Monday.

Inflation rate at 18%

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on December 21, which marks the end of the ninth Iranian calendar month of Azar, stood at 18 percent, Tasnim news agency reported on Sunday.

Bonds worth $950m sold in 7 months

TEHRAN- Iranian government has sold bonds worth 39.842 trillion rials (about $948.6 million) during the first seven months of the current Iranian calendar year (March 21-October 22), IRIB reported on Tuesday citing the report released by the Central Bank of Iran (CBI).

Liquidity almost at $403b in a month

TEHRAN- Iran’s liquidity stood at 16.93 quadrillion rials (about $403 billion) during the seventh month of the present Iranian calendar year, Mehr (September 23- October 22, 2018), according to a report released by the Central Bank of Iran (CBI).