Central Bank of Iran

Coronavirus caused Iran’s quarter GDP to shrink by 0.6%: CBI

The Central Bank of Iran (CBI) says COVID-19, the disease caused by the coronavirus pandemic, was to blame for a 0.6-percent contraction in the country’s gross domestic product (GDP) without oil in the fiscal year quarter ending June 20.

Macro Economy

Iran gains over $2 billion from domestic bonds: CBI

The Central Bank of Iran (CBI) says domestic bonds issuance that began in early June has earned the government more than $2.1 billion in new resources.

Macro Economy

Iran limits cash withdrawals from banks to prevent money laundering, inflation

The Central Bank of Iran (CBI) has imposed a cap on withdrawal of cash from banks amid toughening of rules on money laundering and also efforts to contain inflation.

Macro Economy

Payment deal with Iraq in final phase

Head of the International Department of the Central Bank of Iran said constructive talks were held with Iraqi officials which could result in unfreezing millions of dollars of Iranian money.

Trade

Rouhani urges push to release Iran assets in foreign banks

President Hassan Rouhani has urged the Central Bank of Iran (CBI) to continue following up on the release of the country’s frozen assets in foreign banks.

Trade

Bank Melli Iran to open accounts for foreign investors

The Central Bank of Iran on Sunday tasked the state-owned Bank Melli Iran to open accounts for foreign investors seeking residence permit.

Macro Economy

Iran appointed vice chair of IMF’s G-24

The CBI vice governor for economic affairs, Peyman Ghorbani, has been appointed first vice chair of International Monetary Fund’s Group of Twenty-Four (G-24).

Macro Economy

Luxembourg court officially rejects US long-running request to seize Iran’s $1.6 billion

A top court in Luxembourg has officially blocked a long-running request by the US administration to seize $1.6 billion worth of Iranian cash assets.

Macro Economy

Luxembourg lifts freeze on Iran’s $1.6 billion: CBI governor

Central Bank of Iran (CBI) governor says Luxembourg has unfrozen 1.6 billion dollars of Iran’s assets despite an attempt by the US to get the funds as compensation.

Macro Economy

Central Bank of Iran ready for liquidity injection to shore up economy

The Central Bank of Iran (CBI) says it is ready for massive liquidity injections into the banking system as part of efforts to help government shore up the economy.

Macro Economy