EghtesadOnline: In a bid to encourage companies to return their export earnings to the country, the Central Bank of Iran has offered a new incentive package.
EghtesadOnline: Iran and Iraq signed an agreement Tuesday to establish a monetry channel for facilitating payments between the two countries. The agreement was signed by the governors of the Central Banks of Iran Abdolnaser Hemmati and Ali Al-Allaq, his Iraqi counterpart, in Baghdad.
EghtesadOnline: Blockchain technology is set to decentralize mechanisms governing the world’s financial systems and the Central Bank of Iran has focused efforts on studying ways to benefit from that technology, says the secretary general of Central Bank of Iran.
EghtesadOnline: The governor of Central Bank of Iran says the initiative to remove four zeros from the national currency will take up two years because first the legal and technical infrastructure must be in place.
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.
EghtesadOnline: Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says Mehdi Kasraei-Pour, head of CBI's Department for Forex Polices and Regulations.