EghtesadOnline: Money supply has jumped to unprecedented levels as government borrowing from the Central Bank of Iran takes on extraordinary proportions.
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.
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.
EghtesadOnline: The Central Bank of Iran is expanding the scale of its monitoring of banks’ lending policies with the help of innovative IT tools.
EghtesadOnline: Banks and credit institutions rejected 560,000 checks worth 229 trillion rials ($848 million) in the calendar month ending July 22.
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.
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.
EghtesadOnline: The Central Bank of Iran is willing to reconsider official foreign exchange rates to market rates if the government offers tax exemptions to banks, the CBI governor said.
EghtesadOnline: The Central Bank of Iran's department for innovative technologies is working on projects aimed at improving transparency of the banking industry.
EghtesadOnline: The new monetary policy of the Central Bank of Iran was timely and appropriate during the difficult economic conditions, head of the CBI's department for open market operation said.