EghtesadOnline: The Money and Credit Council -- the top finance and banking policymaker -- agreed on Wednesday to postpone repayment of loans to mitigate the effect of new coronavirus on businesses.
EghtesadOnline: The Money and Credit Council - a top financial decision-making body affiliated to the Central Bank of Iran - approved a decision Wednesday to raise the ceiling of loans allocated for renovating rural residential units and interest-free loans for job creation.
EghtesadOnline: The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday.
EghtesadOnline: In a report to the decision-making Money and Credit Council, the Central Bank of Iran outlined the effects of subsidized foreign exchange on the price of essential goods and food.
EghtesadOnline: A decision by the Money and Credit Council – a policymaking body - to scrap overnight interest payments has yet to display its full force but the development has become a topic of hot debate among businesses and economic pundits.
EghtesadOnline: A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as the basis.
EghtesadOnline: The Money and Credit Council approved the Central Bank of Iran’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures related to current accounts.
EghtesadOnline: The full list of officials comprising the Money and Credit Council–a decision-making body–was announced on Saturday.
EghtesadOnline: The Money and Credit Council – a decision-making body– has raised the minimum capital requirement for the establishment of banks in free trade zones from the previous €25 million to €150 million.