Inflation, liquidity curbed: CBI Governor

TEHRAN- Despite the expressed concerns about a probable rampant inflation and high volume of liquidity in the country, the two indices are presently kept under control, the Governor of the Central Bank of Iran (CBI) announced after his meeting with the cabinet on Wednesday, IRNA reported.

Iran, Iraq set up payment mechanism to facilitate trade

TEHRAN – Central banks of Iran and Iraq reached an agreement to set up a payment mechanism to facilitate banking ties between the two countries, the portal of Central Bank of Iran (CBI) reported.

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.

‘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.

Iran-India banking mechanism to start operation in few days: envoy

TEHRAN- The banking mechanism between Iran and India is ready for operation, Indian Ambassador to Iran Saurabh Kumar announced, saying that banking and trade activities will be started between the two sides in the next few days.

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.

By Haniyeh Sadat Jafariyeh

1398 budget bill, (non)-oil revenues?

The budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) was presented to the parliament on December 6 while Iran’s economy, previously expected to boom, is experiencing the toughest conditions under the draconian U.S. sanctions. The upcoming year is supposedly an economic predicament for Iranians to endure and for the government to program and handle.

‘Iran ditches dollar in transactions with several countries’

TEHRAN- Iran has made mutual monetary agreements with some countries on the way to abolish U.S. dollar in its financial transactions and the issue will be incrementally generalized to other countries in future,” the governor of the Central Bank of Iran (CBI) announced in a meeting with Iranian economists on Monday, IRNA reported.

‘Strengthening rial, supplying working capital top priorities of banks’

TEHRAN- In his periodical meeting with directors from state-run and private Iranian banks, the governor of the Central Bank of Iran (CBI) called for the banks to have strengthening the national currency and supplying the working capital of production units while granting facilities among their top priorities, IRIB reported on Saturday.

China eager for expansion of long-term economic ties with Iran: envoy

TEHRAN – The Chinese Ambassador to Tehran Pang Sen expressed his country’s willingness for expansion of long-term economic relations with Iran, IRIB reported.

Exports to bring back $47b of hard currency by Mar. 2019

TEHRAN- Some $47 billion of hard currency will be injected back to domestic financial system via exports by the end of the present Iranian calendar year (March 20, 2019), the governor of the Central Bank of Iran (CBI) announced on social media.

CBI drafting new foreign currency directive for exports

TEHRAN – Central Bank of Iran (CBI) will soon unveil a directive drafted to help injecting the foreign currency earned from non-oil exports into the country’s economic cycle, Mehr news agency reported quoting CBI’s governor as saying.

Iran-Europe monetary mechanism established: CBI governor

TEHRAN – The governor of the Central Bank of Iran (CBI) has said a bilateral monetary agreement has been struck between Iran and Europe, through which exporters can receive their revenues from exports to other countries.

Iran-EU financial channel to be opened soon: CBI governor

TEHRAN – Governor of the Central Bank of Iran (CBI) announced on Saturday that a new financial channel is soon to be opened between Iran and the EU nations, Tasnim news agency reported.

‘Pumping foreign currency into secondary market to be accelerated’

TEHRAN- “Within the next few weeks, the procedure of injecting non-oil exports revenues into the foreign exchange secondary market will be lubricated to supply the required forex sources for imports,” the Public Relations Department of the Central Bank of Iran (CBI) quoted the bank’s Governor Abdolnaser Hemmati as saying on Saturday.

Iran's central bank authorized to amend banking system

TEHRAN- The Supreme Economic Coordination Council, led by President Hassan Rouhani, approved on Saturday the Central Bank of Iran’s (CBI) program aimed to modify the national banking system, IRNA reported.

Tehran, Moscow negotiate trade in national currencies

TEHRAN- In a meeting between Iranian Central Bank Governor Abdolnaser Hemmati and his Russian counterpart Elvira Nabiullina in Moscow on Thursday, the two sides stressed the need for the expansion of banking cooperation between Iran and Russia, IRNA reported.

$13b allocated to supply basic goods: CBI governor

TEHRAN- Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati announced that $13 billion has been allocated to supply basic goods required in the country, Mehr news agency reported on Saturday.

€3.2b paid for importing basic goods

TEHRAN- The Central Bank of Iran (CBI) has paid €3.2 billion to import basic goods during the past month, according to the central bank governor.

Iran joins hand with Russia, Turkey to dump dollar in trade

TEHRAN – Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies, ILNA reported on Saturday quoting Central bank of Iran (CBI) Governor Abdolnaser Hemmati.

Secondary forex market witnessing smoother deals: CBI governor

TEHRAN- A smoother trend of deals is being seen in the secondary foreign currency market, according to Abdolnaser Hemmati, the governor of Central Bank of Iran (CBI).

Iran's central banker promises to improve economy

TEHRAN- Writing on Twitter, governor of the Central Bank of Iran (CBI) clarified some of the bank’s recent taken measures and adopted policies and also made some promises to keep for improving domestic economy, IRIB reported on Saturday.

Details of currency rules unveiled

TEHRAN – The Central Bank of Iran (CBI)’s new foreign currency package, approved by the Cabinet on Sunday evening, would come into effect on Tuesday, CBI governor announced in a televised interview on Sunday night.

Iran approves new forex policies

TEHRAN- The Supreme Council for Economic Coordination reviewed and approved Central Bank of Iran (CBI)’s new general foreign currency policies as well as solutions to accelerate fighting corruption in domestic economy, Fars news agency reported on Saturday.

Tehran’s ambassador to China to be named soon

TEHRAN – After Abdolnaser Hemmati, who had been named as Iran’s ambassador to China, was tasked to take over as Iran’s central banker, the Foreign Ministry said Tehran will soon name a new ambassador to China. 

Hemmati replaced Seif as Iran central banker

Iran has got a new central bank governor as the country is struggling to check a steep depreciation of the rial and root out a series of irregularities in its banking system.

Iran’s new ambassadors to Japan, China named

TEHRAN – Morteza Rahmani-Movahed and Abdolnaser Hemmati have been appointed as ambassadors of Iran to Japan and China respectively.