Ex-governor of CBI appointed as presidential advisor

TEHRAN- Iranian President Hassan Rouhani appointed the ex-governor of the Central Bank of Iran (CBI), Valiollah Seif, as his special advisor for monetary and banking affairs.

Ex-CBI chief under investigation over corruption case: Judiciary

The Iranian Judiciary is investigating the former governor of the Central Bank of Iran (CBI) over recent economic corruption cases, the Judiciary spokesman Gholam Hossein Mohseni Ejei announced.

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.

Secondary forex market starts operation

TEHRAN- Governor of the Central Bank of Iran (CBI) Valiollah Seif announced about official inauguration of secondary foreign exchange market on Wednesday, IRNA quoted him as saying on the sidelines of the cabinet meeting.

Iran to create secondary currency market by next week

TEHRAN- Iran will set up a secondary currency market by the next week, Central Bank of Iran (CBI) Governor Valiollah Seif announced on Monday.

IMF to continue cooperation with Iranian central banker

TEHRAN – The International Monetary Fund (IMF) has announced that it will continue its cooperation with the Central Bank of Iran and its governor Valiollah Seif after the United States slapped sanctions on him.

MPs seek dismissal of central bank governor

TEHRAN – A lawmaker announced on Tuesday that 163 members of the parliament in a letter to President Rouhani have called for the dismissal of central bank governor Valiollah Seif.

By Haniyeh Sadat Jafariyeh

Taming the runaway forex market

When rial finished its four-month decline sliding to a record low of 60,000 rials against the dollar on Monday from 43,000 rials in early January, the administration eventually made the long-waited serious decision to curb the rampant foreign exchange market by unifying the official and open market exchange rates.

Muscat urges rial-based trade with Tehran

TEHRAN- According to Omani Foreign Minister Yusuf bin Alawi bin Abdullah cutting reliance on foreign currencies and using Iranian and Omani rial in trade transactions between the two Persian Gulf countries is one of the major requirements to enhance mutual banking and commercial ties, IRNA quoted the official as saying.

By Haniyeh Sadat Jafariyeh

Dollar in doldrums

Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to be the biggest crackdown on foreign exchanges in six years.

Positive economic trend to go on: CBI governor

TEHRAN- Government tries its best to preserve domestic economy on its current positive trend not only by the end of current Iranian calendar year 1396 (March 20) but also by the end of the upcoming year, governor of the Central Bank of Iran (CBI) announced addressing the 57th annual general assembly of the CBI on Sunday.

Lawmakers have right to question president: MP

TEHRAN - Behrouz Nemati, spokesman for the Majlis presiding board, has said that the lawmakers have the right to question the officials including the president.

Iran celebrates 50th anniversary of capital market establishment

TEHRAN- In a ceremony on Sunday, Iran celebrates the 50th anniversary of establishing its capital market.

Central bank governor warns speculators of betting against rial

TEHRAN – Iran’s central bank chief on Monday warned investors speculating on the fall of the rial that they were heading for losses because the currency was likely to rebound in the next couple of months.

By Haniyeh Sadat Jafariyeh

'Iran able to attract $3.5t of investments in 20 years'

Governor of the Central Bank of Iran (CBI) Valiollah Seif has said the country is able to attract $3.5 trillion of investments within the next two decades.

Iran secures $10 billion Chinese funding

TEHRAN- China’s CITIC Trust signed a 10-billion-dollar deal with five Iranian banks on Thursday to fund development and production projects in Iran, the official website of Central Bank of Iran (CBI) reported.

Croatian banks keen on expanding ties with Iran

TEHRAN- Governor of Croatian National Bank (HNB) Boris Vujcic in a meeting with Governor of the Central Bank of Iran (CBI) Valiollah Seif in Tehran expressed the tendency of his country’s banks for developing ties with Iran, the official website of CBI reported.

Tehran, Damascus discuss broadening banking ties

TEHRAN- Governor of Central bank of Iran (CBI) and his Syrian counterpart and his accompanying delegation discussed expansion of bilateral banking ties in Tehran on Sunday, Mehr news agency reported.

Bank loans to economic sectors rise 40% to $133b

TEHRAN- The governor of the Central Bank of Iran (CBI) Valiollah Seif announced on Wednesday that banking loans paid to various Iranian economic sectors witness a 40-percent rise in the past Iranian calendar Year 1395 (ended March 20, 2017), as compared to the preceding year.

Iranian, Omani central banks ink cooperation MOU

TEHRAN – Central banks of Iran and Oman signed a memorandum of understanding on Sunday aiming for expansion of cooperation, IRNA reported.

Tehran, Jakarta ink MOU on banking co-op

TEHRAN – Iran and Indonesia’s central banks signed a memorandum of understanding on Monday to expand banking cooperation, Central Bank of Iran (CBI)’s Public Relations Department reported.

Iran stops using U.S. dollar, could become next major Bitcoin market

On Jan. 29, the governor of the Central Bank of Iran Valiollah Seif officially announced during a national television interview that the US dollar will no longer be used within the country as a response to U.S. President Donald Trump’s controversial temporary travel ban on certain countries including Iran.

Inflation rate stands at 8.6% in Iran: CBI governor

TEHRAN- The inflation rate for the 12-month period ended in the last day of the tenth Iranian calendar month of Dey (January 19) compared to the same period in the previous year hit 8.6 percent, Central Bank of Iran (CBI) Governor Valiollah Seif announced on Tuesday.

By Haniyeh Sadat Jafariyeh

The GDP debate

On December 17, the Central Bank of Iran (CBI) put the growth of gross domestic product (GDP) for the first half of the current fiscal year (started March 20) at 7.4 percent, compared to the same period last year.

Iran, Singapore agree to enhance banking ties

TEHRAN– Valiollah Seif, the governor of Central Bank of Iran (CBI), and Ravi Menon, the managing director of Central Bank of Singapore, agreed on cooperation for the enhancement of banking ties, IRNA reported.

Iran’s economy grew 5.4% in spring: CBI

TEHRAN- Iran’s economic growth rate stood at 5.4 percent in spring, which corresponds to the first quarter of the current Iranian calendar year, according to the governor of the Central Bank of Iran (CBI) Valiollah Seif, ISNA reported on Sunday.

Iran, Vietnam agree to quintuple bilateral trade to $2b

TEHRAN- “Iran and Vietnam are decided to raise their mutual trade value fivefold,” the Iranian Industry Minister Mohammadreza Nematzadeh announced in Hanoi on Thursday, IRNA reported.

Athens calls for expansion of economic ties with Tehran

Tehran- “Greece looks for development of economic, specially banking relations with Iran,” said the Greek Deputy Prime Minister Yannis Dragasakis in his meeting with the Governor of the Central Bank of Iran (CBI) Valiollah Seif in Athens on Thursday.