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  • EghtesadOnline: I ndependence of the Central Bank of Iran lies at the heart of a new set of regulations known as Central Bank Bill, says the head of the Majlis Economic Commission.

  • EghtesadOnline: The rial strengthened sharply on Tuesday, climbing to a near three-month high against the US dollar. With the exchange rate breaking below the psychological level of 110,000, the US dollar was traded in the open market for about 107,000 rials.

  • EghtesadOnline: The European Union’s foreign policy chief said on Monday a system to facilitate non-dollar trade with Iran and circumvent US sanctions could be in place by the yearend.

  • EghtesadOnline: Iran traded 43.15 million tons of non-oil commodities worth $24.41 billion with its 15 neighboring countries; namely the United Arab Emirates, Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia during the first eight months of the current fiscal (March 21-November 21) to register a 6.55% and 11.58% rise in tonnage and value respectively compared to last year’s corresponding period.

  • EghtesadOnline: The main Iran-China banking channel is functioning after China's Bank of Kunlun resumed services for Iranians on Monday, deputy president of Iran-China Chamber of Commerce and Industries said.

  • EghtesadOnline: The rise in the retail prices of goods that used the government’s subsidized foreign currency at a rate of 42,000 rials per US dollar (about three times cheaper than the market rate) was no less than in other consumer goods.

  • EghtesadOnline: The next fiscal year’s budget bill (March 2019-20) stands at 17,300 trillion rials ($15.04 billion), which puts it 41.5% more than the 12,225 trillion rials ($10.63 billion) approved for the current year.

  • EghtesadOnline: The latest data published by the Central Bank of Iran show that Iran’s point-to-point inflation in November reached 39.9%, the highest level in the past five years.

  • EghtesadOnline: The mechanisms for implementing open market operations, as an effective measure to control and implement monetary and interest rate policies, have been included in next year’s (March 2019-20) budget bill, said the governor of Central Bank of Iran.

  • EghtesadOnline: The Central Bank of Iran said after the creation of the secondary foreign exchange market – known by its Persian name Nima – in late April, €6.8 billion was sold by it for imports.