NIMA supplies over €20b for imports of goods, services since April 2018

TEHRAN - Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €20 billion for imports of goods and services since it was launched in April 2018 up to October 20, 2019, IRNA 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.

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.

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.

Europe should pre-purchase Iran’s oil through INSTEX first: CBI chief

TEHRAN – The governor of the Central Bank of Iran (CBI) has said that the Europeans should show their sincerity about their Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran’s crude.

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.

CBI unveils plans to compensate oil budget deficit in sanctions era

TEHRAN – The governor of the Central Bank of Iran (CBI) has said three plans have been developed aimed to compensate the probable budget deficit resulted from the U.S. sanctions on the country’s oil industry, Tasnim news agency reported.

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.

‘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.

CBI admonishes EU for being all words on INSTEX

TEHRAN – The Governor of the Central Bank of Iran (CBI) criticized the European parties of the Iran nuclear deal for repeating ‘threadbare’ remarks over their promised trade mechanism for Iran (INSTEX) and failing in realizing their promises.

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.

CBI governor discusses expansion of banking ties with Iraqi officials

TEHRAN- Central Bank of Iran Governor Abdolnaser Hemmati met some Iraqi senior officials during a visit to Baghdad to explore the ways for the expansion of banking relations between the two countries, IRIB reported.

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.

Iranian, Iraqi ministers confer about energy, economy co-op

During the two-day stay of an Iraqi high-ranking delegation in Iran, the Iraqi ministers met their Iranian counterparts to discuss different areas of cooperation between the two neighbors.

‘Iran to unveil production flourishing, budget reform plans in coming days’

TEHRAN - Head of Iran’s Planning and Budget Organization Mohammad Bagher Nobakht announced about unveiling a production and employment flourishing plan as well as a plan for reforming the budget structure in the coming days.

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.

Iranian banking delegation to embark for Japan soon

TEHRAN- An Iranian banking delegation will soon leave Tehran for Tokyo as accorded in a meeting between the Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati and Japan’s Ambassador to Tehran Mitsugu Saito, the portal of CBI reported on Wednesday.

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.