Central Bank of Iran (CBI) News

The Central Bank of Iran has announced a new set of rules for repatriation of export earnings in the current fiscal (March 2019-20).  In a directive published on the CBI website Monday, it…

The Central Bank of Iran is strongly opposed to the policy of printing money to plug budget holes, Abdolnasser Hemmati, the CBI boss, said. He said the government is stepping up efforts to find…

Lawmakers on Sunday decided to look into the performance of the Central Bank of Iran during the past five years. The bank’s seemingly poor performance in regulating the currency market and the…

Governor of the Central Bank of Iran has outlined six monetary and banking plans to help fend off the new US economic sanctions. Abdolnasser Hemmati in an Instagram post Friday said the CBI is…

The Central Bank of Iran is striving to find solutions to curb the galloping inflation rates with the help of workable and viable monetary policies. 

The governor of the Central Bank of Iran discussed bilateral banking and monetary cooperation with senior Swiss and Turkish diplomats on Thursday.   In the meeting with Abdolnasser…

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.  

Conditions have never been as favorable as they are now for the Central Bank of Iran to launch the much-touted Open Market Operation policy, a financial expert says. 

The Central Bank of Iran and the prosecutor general have agreed to freeze fraudulent bank accounts that collect people's donations for the flood victims, the spokeswoman of Majlis Economic…

After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard…

Governor of the Central Bank of Iran says the government decision to withdraw money from the National Development Fund of Iran, the country's sovereign wealth fund, could be an opportunity to…

The Central Bank of Iran has put in place the infrastructure for launching a new mechanism to distribute essential goods eligible for subsidized currency. The system operates using only national…

Governor of the Central Bank of Iran says Iraq has paid a large part of its debt to Iran. The debts are mainly related to Iranian gas and electricity export to the neighboring country. The…

A Luxembourg court rejected a US request to compensate victims of the Twin Tower attacks by seizing assets from Iran.

The Luxembourg court said that the rule the US court used to…

Governor of the Central Bank of Iran said the corresponding entity to the Special Purpose Vehicle known as INSTEX created by the European Union to enable non-dollar trade with Iran will be…

In a move to stimulate the sluggish housing market and increase homeownership, the Money and Credit Council - a major monetary decision making body - agreed to raise the ceiling of house…

To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA.  Now the two…

The governor of Central Bank of Iran says the CBI has so far allocated $38 billion in foreign currency for imports. Out of this amount, $9.3 billion was allocated via Nima (the integrated forex…

Governor of the Central Bank of Iran Abdolnaser Hemmati says recommendations of the anti-money laundering body, the Financial Action Task Force, are part and parcel of international banking…

As part of efforts by the Central Bank of Iran to crack down on capital flight which the banks partly blame for the currency market volatility, the CBI is enforcing its decision to ban all…

The parliament approved the section of next year’s (March 2019-20) budget bill that allows the Central Bank of Iran to launch secondary markets for trading Islamic bonds issued by the government…

President Hassan Rouhani on Tuesday strongly defended his government's initiative to comply with global anti-money laundering and countering financing of terrorism standards, saying failure to…

In a bid to encourage companies to return their export earnings to the country, the Central Bank of Iran has offered a new incentive package. 

The Money and Credit Council - a top decision-making body - approved a proposal by Central Bank of Iran to launch a mechanism to monitor currency allocation process for imports.  According…

The Central Bank of Iran in a directive has required 12 local banks to grant loans to parts makers, as part of the ongoing state policy to rescue the struggling industry.