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Money

  • EghtesadOnline: Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's financial markets.

  • EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-month deadline for this task.

  • EghtesadOnline: The CBI governor says the bank has kept the growth of money supply in check which is a harbinger of decline in inflation rate.

  • EghtesadOnline: The Central Bank of Iran said increase in sight deposits far outpaced term deposits in the first quarter of the current fiscal year (March 20-June 20), reflecting depositors’ reluctance to keep money in banks for extended periods.

  • EghtesadOnline: New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Association said.

  • EghtesadOnline: The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply, the bank’s governor said.

  • EghtesadOnline: The Central Bank of Iran said in a report that broad money supply reached 24,721.5 trillion rials ($137 billion) when the fiscal year ended in the third week of March.

  • EghtesadOnline: With stock market indicators heading upward at a regular pace and fresh money pouring in the bourse from an ever-increasing number of investors, the Majlis Research Center stressed the need to take appropriate measures to balance the market by boosting the supply side.

  • EghtesadOnline: Liquidity in Iran crossed 22,623 trillion rials ($165 billion, calculated as per 137,000 rials to a dollar) at the end of the third Iranian quarter (Dec 21), the Central Bank of Iran reported.

  • EghtesadOnline: A report on the value of deposits with 11 selective banks shows long-term deposits are increasingly turning into sight deposits, rising concerns about inflation in prices as depositors may funnels their money into various markets.