EghtesadOnline: Central Bank of Iran has allocated up to 700 trillion rials ($5.3 billion) to companies via the CBI’s new funding scheme dubbed the ‘Productive Credit Certificate’, the bank’s governor said.
EghtesadOnline: Having accomplished one goal of bringing a semblance of stability to currency market, the Central Bank of Iran will now concentrate on controlling inflation, the governor said.
EghtesadOnline: With the aim to facilitate trade in the anticipated regulated foreign exchange market, the Central Bank of Iran raised the ceiling of planned daily forex trade fivefold.
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.