Central Bank of Iran (CBI) News

The Central Bank of Iran has issued formal warnings to 10 banks for violating interest rates set by the Money and Credit Council, the bank’s deputy for supervisory affairs announced.

The US dollar exchange rate is expected to drop after the New Year Eve, said the Central Bank of Iran’s head of Exports Department.

The currency registered a big recent rally in Tehran…

The US dollar broke the 40,000-rial threshold in Tehran's market on Wednesday, recording an all-time high for the currency.

While the American currency had begun to rally in November, the…

The governor of the Central Bank of Iran is trying to assuage concerns about the recent surprise rally in currency markets saying the surge is temporary and will abate in the last three months of…

Banks have recovered 203 trillion rials ($6.3 billion) of their non-performing loans during the past three years,” said Gholamreza Malekshoar, head of Central Bank of Iran’s Office for Banking…

The Central Bank of Iran is negotiating with international credit card issuers and preparing the infrastructure for the official reentry of the payments technology companies, says the bank…

The Central Bank of Iran has issued a directive requiring travelers and truckers in  transit entering the country to declare currency valued over $10,000 to the Ministry of Economy’s…

The gradual move toward unifying foreign exchange rates has started but the timeframe for its realization depends on a variety of factors, says the governor of the Central Bank of Iran.

Government debts to the banking sector jumped to 2.041 quadrillion rials ($64 billion) by the end of the sixth month of fiscal year (September 21), marking a 17.4% growth from the beginning of the…

Should banks that offer interest rates higher than those officially set by the regulator refrain from heeding warnings by the Central Bank of Iran, they should await serious disciplinary action,…

The Central Bank of Iran has updated its regulations regarding the operation of bureaux de change, banning currency forward deals by individuals and companies. CBI requires forex operations to be…

The current lending rates are not favorable to manufacturers and the Central Bank of Iran is working to ensure the rates move on a downward trajectory, says CBI’s deputy for supervisory affairs.…

The average goods and services Consumer Price Index for urban areas in the 12 months ending October 21, which marks the end of the Iranian month of Mehr, reached 8.7% compared with last year’s…

The Central Bank of Iran has clarified the lawful framework for the operation of  fintech companies, though policymakers could well reverse the trend.

The much-anticipated banking bill which takes on major reforms in the key sector will be finalized in the parliament before the current fiscal year is out in March 2017, the head of the Majlis…

Foreign exchange rates are real in the market and are rising at a slow pace, says Valiollah Seif, governor of the central bank following the recent swings in the foreign exchange market.…

Luxemburg banks are welcome to establish branches in Iran, as it would help two-way commercial relations, said Valiollah Seif, Central Bank of Iran governor, during a meeting with Etienne …

Italy and Iran hope to resume banking ties that had been disrupted due to the international sanctions, Central Bank of Iran Governor Valiollah Seif said Monday in a meeting with Italy's Deputy…