EghtesadOnline: By the end of the previous Iranian year (ended March 20), about 22,500 billion rials ($0.6 billion) were allocated to the banking system to waive late payment penalties and they will receive a further 54 trillion rials ($1.4 billion) in the current year for the same purpose, said the Central Bank of Iran's vice governor.
EghtesadOnline: Iran is fully prepared to expand cooperation with all members of the Islamic Financial Services Board in various areas, including opening banks and branches, establishing correspondent relations, signing supervisory agreements, opening joint accounts, holding training courses and exchanging experiences in the post-JCPOA (Joint Comprehensive Plan of Action) era, said the governor of the Central Bank of Iran in a message to the 15th annual General Assembly of IFSB.
EghtesadOnline: The 15th annual General Assembly and the 30th meeting of the council of the Islamic Financial Services Board will convene in Kuala Lumpur, Malaysia, on April 6.
EghtesadOnline: The Iranian banking system is not bankrupt, contrary to some reports and the Central Bank of Iran is in control, the vice governor of CBI said.
EghtesadOnline: A senior official of the Central Bank of Iran outlined past and future measures of President Hassan Rouhani's government in line with the implementation of Resistance Economy principles and the beneficial effects of Iran's nuclear deal with world powers on the economy.
EghtesadOnline: Iran’s central bank is signaling that it will loosen its grip on the rial in an effort to end a dual-exchange rate system seen as an obstacle deterring foreign investment needed to rebuild the economy.