EghteasadOnline: The government has finally consented to allow open market exchange rates for certain import transactions and markets reacted positively to the news, as the bull run in the foreign exchange and gold coin markets started losing steam.
EghtesadOnline: In what could be another step toward bolstering efforts to reduce the tenaciously high bank interest rates and balance markets, investment funds owned by banks and credit institutions have been slapped with a number of restrictions aimed at returning them to their original mandate.
EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has sought to outline the benefits of the policymaker's recent directive to cut bank interest rates, saying it has curbed a surge in liquidity while changing the nature of deposits for the better.
EghtesadOnline: After days of cold snaps, it was a sunny Wednesday morning at Neauphle-le-Chateau Street in downtown Tehran. The press had gathered at the French Embassy for a briefing on the country’s plans for expanding its presence in Iran.
EghtesadOnline: Tehran's financial markets are novel by global standards. That means lots of firsts, from debt securities to derivatives, new Sharia-compliant securities get introduced constantly.