EghtesadOnline: Companies exporting non-oil goods that fail to meet their financial commitments regarding repatriation of their overseas earnings in the previous Iranian fiscal year (March 2018-19) by the end of this month will be taken to court.
EghtesadOnline: The Central Bank of Iran officially started open market operations as part of its monetary policy to curb inflation, control interest rates in the interbank market and manage liquidity.
EghtesadOnline: Following sharp falls in the Tehran stock markets throughout last week, a senior bank official spoke about a plan to help support the market by granting loans to investors for purchasing shares.
EghtesadOnline: Central Bank of Iran’s conditions on non-oil exporters to repatriate their currency earnings has been criticized yet again by exporting countries after they reportedly received export ban warnings from lenders.
EghtesadOnline: Majlis ratified the outlines of banking rules under the “Comprehensive Islamic Banking Bill” umbrella on Tuesday.
EghtesadOnline: The Central Bank of Iran will continue to promote non-oil trade with foreign countries, the bank’s deputy governor for currency affairs said.
EghtesadOnline: In line with provisions of anti-money laundering guidelines, the Central Bank of Iran has further tightened rules for daily bank transactions.
EghtesadOnline: Soon after a call by President Hassan Rouhani, the Central Bank of Iran has published a report on its website that sheds light on the amount of subsidized currency allocated for importing essential goods and machinery in the first five months (March 21-August 22, 2018) of the last fiscal year.
EghtesadOnline: Head of the company that oversees the long-awaited regulated foreign exchange market says the market is ready to start functioning and is awaiting a final go-ahead by the regulator.
EghtesadOnline: The Central Bank of Iran supplied over $6 billion in foreign currency for importing goods in two months since the beginning of the current fiscal on March 21.