50561
Plans for Merging Uncertified Lenders
Plans for Merging Uncertified Lenders

Plans for Merging Uncertified Lenders

Plans for Merging Uncertified Lenders

The Central Bank of Iran plans to merge the remaining uncertified credit institutions in order to regulate their operations, said Abbas Kamarei, director of CBI’s Office for Bank Supervision. He added that merging Afzal Tous Credit Institution with an authorized bank is on CBI’s agenda, banker.ir reported on Monday. The central bank is also reviewing the performance of bureaux de change before renewing their licenses. The CBI has only listed 264 exchangers on its website as legal, while hundreds of other exchangers have fallen short of CBI’s criteria. Money changers claim that CBI’s criteria are too high. CBI requires exchangers to put up a hefty 40-billion-rial ($1.2-million) reserve with the bank.

 

Short URL : https://goo.gl/HWTk5K
  1. https://goo.gl/2pWTrM
  • https://goo.gl/gjw3hL
  • https://goo.gl/w0pWOJ
  • https://goo.gl/AY5aHM
  • https://goo.gl/mIj8o8

You can also read ...

First Vice President Es'haq Jahangiri on Monday officially...
GM has sought wage concessions from its labor union as well as government funding and incentives to save its remaining three South Korean factories.
General Motors Co’s South Korean unit on Monday said it has...
Exporters and even local traders say they have put everything on hold for now until the dust settles on the new normal.
The foreign exchange market recently went in a frenzy, with...
Jahangiri officially notified the process of repatriation that obligates exporters to return 95% of their currency yields.
When President Hassan Rouhani’s administration decided to...
Snapp, Iran’s First Unicorn Startup?
The widely used ride-hailing application Snapp will pursue new...
Mouteh Gold Output  at 602 kg Last Year
Mouteh Gold Mine produced 602 kilograms of gold ingots during...
Subsidized Currency for Specified Imports
The head of Management and Planning Organization has presented...
IMIDRO’s Report on Downstream, Upstream Steel Sectors
A total of 38.34 million tons of iron ore concentrate was...

Trending

Googleplus