INDICES
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Fintechs Oppose New CBI Restrictions
EghtesadOnline: Iran Fintech Association, a non-government society formed by founders of fintech applications, has again voiced opposition to the recently announced restrictions on financial facilitators.
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Export Firms Sell $18b in 8 Months, CBI Says
EghtesadOnline: Export companies sold $18.1 billion in foreign currency in the secondary foreign exchange market, known locally as Nima, in the eight months (March 21-Nov.20).
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CBI’s New Instant Payment System Ready for Launch
EghtesadOnline: The Central Bank of Iran is to launch an instant payment platform in late December, a deputy governor of the bank said.
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Money Supply Explodes With Gov’t Borrowing From the CBI
EghtesadOnline: Money supply has jumped to unprecedented levels as government borrowing from the Central Bank of Iran takes on extraordinary proportions.
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Money Creation by Banks Under Strict CBI Control
EghtesadOnline: Money issuance by banks is under the stringent oversight of the Central Bank of Iran, the CBI’s head of monetary and credit operations said.
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Raisi Says CBI Should Control Inflation
EghtesadOnline: President Ebrahim Raisi said controlling inflation is a high-priority of his government issue and asked Central Bank of Iran to adopt appropriate monetary policy in this regard.
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CBI Message to Banks: Clean Up Your Books
EghtesadOnline: The Central Bank of Iran is expanding the scale of its monitoring of banks’ lending policies with the help of innovative IT tools.
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Lower Numbers Reported by CBI for Bounced Checks
EghtesadOnline: Banks and credit institutions rejected 560,000 checks worth 229 trillion rials ($848 million) in the calendar month ending July 22.
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Centrality of CBI Independence in Functioning Economies Stressed
EghtesadOnline: Former governors of the Central Bank of Iran called on policymakers to recognize the independence of the central bank, otherwise it will not be able to play its mandate in managing monetary markets and stabilizing the economy.
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CBI Restraining Liquidity in the Interbank Market
EghtesadOnline: The Central Bank of Iran says it is restraining surplus liquidity of banks in the interbank market. In a press release posted on its website, the CBI said it implemented the reverse repurchase agreement (reverse repo) in which banks give money to the CBI in lieu of bonds.