Central Bank of Iran (CBI) News

One of the old, chronic challenges of the central bank is the special structure of the foreign exchange market in Iran. 

Changes to the bank commission mechanism announced by the Central Bank of Iran last month were scheduled to come into effect today (Sunday). But sources say that that the implementation phase…

Every once in a while, talks about a motion or a bill to increase the Central Bank of Iran’s authority circulate in the media. This means that the ruling establishment is aware of the need for a…

Mohammad Reza Farzin, the governor of the Central Bank of Iran, said the government has access to $6.7 billion from its resources with the International Monetary Fund. 

The Central Bank of Iran said it allocated close to $2.5 billion for importing of wheat, corn, barley, soybean meal, oilseeds, oil, rice, fertilizers, and other essential commodities since the…

Key elements contributing to funding in the Iranian market in the calendar month of April 20 were an increase in capital with a share of approximately 84% and bonds taking up the rest, the…

The Central Bank of Iran has developed a special messaging system for banking communication among member states of the Asian Clearing Union, the CBI deputy for international affairs, Mohsen…

Central bank chiefs of Iran and Russia met Tuesday in Tehran and exchanged views on building banking and financial cooperation and expanding the use of national currencies in bilateral and…

The deputy governor of the Central Bank of Belarus made a formal request on behalf of his country to join the Asian Clearing Union (ACU). The request was submitted to Mohammad Reza Farzin, the…

Banks paid some 1,812 trillion rials ($3.48 billion) in loans in the month to April 22 up 12.7% on the year before. The Central Bank of Iran said on its website that individual borrowers…

A bill to enhance the power and influence of the Central Bank if Iran in better managing the foreign exchange market has been sent to the Majlis (parliament) by President Ebrahim Raisi. 

Mohammad Reza Farzin, the governor of the Central Bank of Iran, announced the formation of a special committee at the CBI to look into delays in the repatriation of foreign exchange revenue by…

Mohammad Reza Farzin, the Governor of the Central Bank of Iran, said the CBI has started buying and selling currencies directly, to help accelerate the process of currency allocation. 

The Central Bank of Iran reiterated its policy to reduce reliance on the US dollar in the domestic economy and trade with the outside world.

The Central Bank of Iran and the judiciary are preparing a financial conviction record system to prevent the abuse of payment tools.  Mehran Mahramian, the CBI deputy governor for…

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…

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…

Banks and credit institutions are barred from paying the rial equivalent of deposits in foreign currency, a Central Bank of Iran official said.

The Central Bank of Iran said moneychangers and banks can henceforth sell currency only up to €2,000 to each Iranian in one year, lowering the cap from €5,000. Last month the CBI said selected…

Iran’s foreign debt was $6.50 billion by the end of the tenth calendar month to January 22, the Central Bank of Iran said -- almost 25.1% lower on the last fiscal year that ended on March 20.…

Iran experienced an average annual inflation rate of 46.5% in the last fiscal year that ended on March 20, 2023, according to the Central Bank of Iran. CBI says the Consumer Price Index stood…

With forex rates at historic highs, the Central Bank of Iran says it has new plans for “managing currency rates”.

The Central Bank of Iran said banks should allocate microloans only via their digital platforms from the beginning of the next fiscal year in late March.

The central banks of Iran and Russia Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.

The governor of the Central Bank of Iran, Mohammad Reza Farzin, said the bank has gained access to a big part of its blocked assets in some foreign countries and is using it to control currency…