Central Bank of Iran (CBI) News

The minimum capital requirement for setting up foreign exchange shops has been increased to 250 billion rials ($1.08 million) in large cities and 130 billion rials ($565,000) in other cities,…

With speculations about the removal of the governor of the Central Bank of Iran, Abdolnasser Hemmati, turning into reality, the CBI is waiting for a change of guard.  Running in the…

The board of directors of the Central Bank of Iran has warned about consequences of the new legislation related to the banking and monetary system. In a meeting late on Wednesday, the board…

The Central Bank of Iran Tuesday unveiled the ‘Centralized Database for Loans and Commitments’ known by its Persian acronym Samat, planned to enhance the CBI’s oversight of loans by banks.…

The Central Bank of Iran said it legal efforts prevented a Luxemburg court order to transfer its forex assets to the United States. In a statement on its website, the CBI said a Luxembourg…

Data released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous fiscal year (…

The Governor of Central Bank of Iran Abdolnasser Hemmati dismissed claims that the CBI is the "government’s biggest debtor.”  Hemmati was objecting to statements Tuesday by Mohammad-Baqer…

The governor of Central Bank of Iran rejected the IMF’s estimation of Iran’s currency reserve in its latest report published last week. In a note posted on his social media account, Abdolnasser…

Banks and credit institutions are barred from processing payment requests of customers lacking complete ID information stored in the banks’ data center as of April 26, an official with the…

In a meeting with members of Intergovernmental Group of Twenty-Four (G24), the Governor of the Central Bank of Iran Abdolnasser Hemmati said the International Monetary Fund and World Bank must…

The Central Bank of Iran has outlined priorities in the new fiscal year that started on March 21 including taming high inflation, boosting manufactures and stabilizing markets.  It said it…

The new monetary policy of the Central Bank of Iran was timely and appropriate during the difficult economic conditions, head of the CBI's department for open market operation said.   Reza…

With the new fiscal year fast approaching, senior managers of Central Bank of Iran met on Tuesday where the governor defended the bank's performance during the course of the past 12 months.…

During the latest round of bond auctions held by the Central Bank of Iran this week, the government sold bonds worth 30.3 trillion ($121 million). This week's auction featured a bigger…

The Central Bank of Iran has extended banking restrictions aimed at avoiding congestion in bank branches in line with broader measures to contain the spread of Covid-19.  According to a…

Iran and South Korea have reached an agreement on using "a part" of Iran’s foreign currency assets frozen in the Asian country.  The agreement was reached in a meeting between the governor…

The Central Bank of Iran has recently rolled out various retail payment instruments, or developed guidelines for payment companies in recent months. 

The Central Bank of Iran has allocated 150 trillion rials ($612.24 million) in aid packages and loans to the auto sector to help bolster productivity and localization efforts, the CBI chief said…

South Korean banks wary of US sanctions are holding tight to billions of dollars in Iranian money, apparently unwilling or unable to budge before Joe Biden assumes office as the next president…

The Central Bank of Iran demanded Monday South Korea release billions of its foreign exchange assets blocked in that country.  South Korea’s First Vice Foreign Minister Choi Jong-kun…

The governor of Central Bank of Iran said he hopes stability in financial markets would be restored in the coming weeks as "excitement arising from political developments ebbs". 

The Central Bank of Iran's underperformance in notifying clear export repatriation rules and lack of a comprehensive data platform to track export repatriation commitments are causing concern…

Central Bank of Iran has forecast lower consumer price inflation in the coming weeks in light of relative stability in financial markets and key monetary variables.

The Central Bank of Iran has 105 IT-based projects at hand in line with its mandate to improve transparency, responsibility and objectivity in the business environment, CBI's vice governor for…

The Central Bank of Iran last week granted short-term loans worth 33.1 trillion rials ($130 million) to banks in need of liquidity in the interbank market. According to a CBI press statement,…