Business And Markets

Iranian banks held foreign assets worth 24,633.4 trillion rials ($46.8 billion) by the end of the eleventh calendar month to February 19, up by 18.7% from the same time last year.  Central…

The value of checks rejected in the calendar month to March 20 shot up 8.9% on the earlier month to reach 511 trillion rials ($1.24 billion). Volume of bad checks stood at 607,000 – down 1.4%…

Tehran Stock Exchange's main index, TEDPIX, gained 1,299.17 points or 0.05% on Monday to end at 2,480,639.87.The TSE equal-weighted index was up 1.03%. About 23.27 billion shares worth 170.31…

The Central Bank of Iran's long-awaited plan for reforming retail e-payment fees is in the final stages and should reportedly reduce the share of accepting banks by charging merchants instead.…

The central bank has stopped allocating forex to importers who buy currency from the free market before applying for foreign currency at cheaper prices. In a letter to his deputy for forex…

The Central Bank of Iran said Sunday foreign debt was near $6.40 billion by the end of the eleventh calendar month to February 22 -- $2.7 billion or 25% lower on fiscal March 2021-22. 

Iran's Trade Promotion Organization (TPO) says the country will soon start using cryptocurrency to pay for imports.  Alireza Peymanpak, the TPO chief, said that the Central Bank of Iran…

Tehran Stock Exchange's main index, TEDPIX, gained 40,787.23 points or 1.67% on Sunday to end at 2,479,339.73. The TSE equal-weighted index added 1.94%. About 24.7 billion shares worth 192.84…

Tehran Stock Exchange's main index, TEDPIX, gained 73,267.10 points or 3.10% on Saturday to end at 2,438,553.04.The TSE equal-weighted index was up 1.84%. About 27.66 billion shares worth 200.2…

State banks will boost their capital by an estimated 500 trillion rials ($1 billion) by March 2024 by selling their excess assets, a deputy minister of economy said. 

The Central Bank of Iran's plan of action separating commercial bank accounts from personal accounts are moving ahead in cooperation with the tax authority, Hassan Mirzapour, the head of CBI's…

The monetary base shot up again in the eleventh calendar month to February 21, the Central Bank of Iran reported.  It was near 8,086 trillion rials ($15.43 billion) -- up 33.9% in eleven…

The Monetary and Banking Research Institute (MBRI) said the output of listed manufacturing companies has increased. In a recent report it reflected on the monthly performance of 280 companies in…

Tehran Stock Exchange's main index, TEDPIX, lost 3,425.16 points or 0.14% on Wednesday to end at 2,365,287.02 but the TSE equal-weighted index moved up 0.65%. About 21.3 billion shares worth…

Banks paid an estimated 44,485 trillion rials ($84.89 billion) in loans in fiscal March 2022-23 -- up 45.3% on the year before. The Central Bank of Iran said on its website that individual…

An estimated 11.4 million tons of goods were traded in the spot market of the Iran Mercantile Exchange (IME) in the calendar month to April 20. Compared to the month before, trade was up 58.3%…

The Central Bank of Iran in a new directive has prohibited banks, whether directly or indirectly through subsidiaries, from acquiring non-banking fixed assets.  It also set a 30% ceiling…

The Credit Commission of the Central Bank of Iran has agreed to raise the cap on Qarzol-Hassanah (interest-free microcredit) loans by 50%.  According to a press release posted on the CBI…

Tehran Stock Exchange's main index, TEDPIX, gained 42,218.88 points or 1.81% on Tuesday to end at 2,368,712.32.The TSE equal-weighted index was up 1.68%. About 21.3 billion shares worth 164.87…

Tehran Stock Exchange's main index, TEDPIX, gained 2,361.33 points or 0.10% on Monday to end at 2,326,494.30. The TSE equal-weighted index climbed 1.02%. About 21.34 billion shares worth 149.62…

At a recent meeting with bank CEOs, the Governor of the Central Bank of Iran Mohammad Reza Farzin said banks have six months to rectify their excessive withdrawals.

Majid Eshqi, the CEO of Iran's Securities and Exchange Organization, says it is working to provide more funding options for companies through diverse financial instruments.

Over the years private banks are struggling with disparities in the banking system and have resorted to a variety of means to procure funds, Isaac Saeedian, an economist said. When banks use…

Cryptocurrency business leaders discussed the challenges and roadblock’s they face with President Ebrahim Raisi in a meeting last week.  The meeting was held to discuss the views and…

The US Supreme Court has rejected a Turkish bank’s main arguments for avoiding prosecution on charges it helped Iran evade US sanctions, but the court sent the case back for additional review,…