Central Bank of Iran

Iran’s foreign debt down by 3%: CBI

Iran managed to decrease the size of its foreign debt by around $300 million in a nine-month period ending in December last year, a new report shows.

Macro Economy

CBI launches $3.7 billion credit facility for Iranian SMEs

The Central Bank of Iran (CBI) has officially launched its new scheme for helping small and medium-sized enterprises (SMEs) and other manufacturers with an initial credit worth of $3.7 billion.

Macro Economy

Iran launches open market operation, aims at regulating capital flow

Iran has started implementation of open market operation (OMO) policies in its banking system as it seeks control over the capital flow in the country.

Financial Markets

Iranian banks deposits at $195b: CBI

Total deposits with banks and credit institutions reached 22,165 trillion rials ($195 billion) during the fourth month (June 22- July 22) of the current fiscal year indicating 26.9% annual growth.

Financial Markets

CBI eyes more SPVs with ‘friendly neighbours’ to counter US sanctions

Iran’s main financial institution has devised a six-point contingency plan to resist possible consequences of the US move no to renew sanctions waivers for clients of Iranian energy.

Financial Markets

High-level European delegation to visit Iran to hammer out INSTEX

INSTEX, whose creation was announced on the last day of January, can function when there is a similar company in Iran that will be supervised by the Central Bank of Iran. Now, a high-level European delegation is set to travel to Iran to hold talks on details.

Trade

Iran to merge banks owned by military institutions into Bank Sepah

The banks and financial institutions were created in a bid to have control over their benefits and expenditures, breaking away from the oldest lender Bank Sepah. However, the government is trying to cut armed forces’ role in economic activities.

Financial Markets

Iran to unveil company similar to INSTEX ‘soon’: CBI

INSTEX was created by Germany, France and the UK on the last day of January after months of deliberation by European countries. Its a financial mechanism meant to provide a legal and transparent channel in which Europe engages in trade of non-sanctioned goods with Iran following US sanctions.

Trade

Iran, Europe to establish payment channel soon: CBI governor

Iran and European signatories of the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), will establish a special payment channel in the near future, Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said.

Financial Markets

Iran, Russia, Turkey agree to ditch dollar in trade

Governor of the Central Bank of Iran says Tehran, Moscow and Ankara have agreed on a number of economic measures like removing the US dollar from their mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure.

Financial Markets