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19Feb 2018

Iran has signed memoranda of understanding and protocols pertaining to monetary agreements with 10 countries, the Central Bank of Iran’s head of Exports Department said. Addressing the First Conference on Financing Exports in Tehran on Sunday, Samad Karimi added that apart from finance and refinance deals, the bank has pursued monetary swap agreements and finalized […]

19Feb 2018

Tehran Stock Exchange’s main index lost 128.95 points or 0.13% to end Sunday trade at 98,300.7. About 998 million shares valued at $43.66 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Saipa Diesel Company was the biggest riser, going up 4.93% […]

18Feb 2018

Governor of the Central Bank of Iran Valiollah Seif defended this week’s crackdown on the foreign exchange market to counter market disruptors, saying the move was in line with “global norms”. “Countering economic disruptors is an accepted norm in the world. Therefore, CBI is collaborating with Law-Enforcement Forces that clamped down on foreign exchange disruptors,” […]

18Feb 2018

The Central Securities Depository of Iran issued 24 trading codes for foreign investors in the 10th month of the current Iranian year (Dec. 22, 2017-Jan. 20) to trade in Iran’s capital market. The newcomers included six institutional and 18 non-institutional investors from the Australia, Georgia, Armenia, Afghanistan and Iraq, IRAN reported. Currently, more than 1,000 […]

18Feb 2018

The Central Bank of Iran’s measures, namely to issue certificates of deposit and launch the presale of gold coins, from Saturday seem to have had an impact on Tehran’s market as the rate of the US dollar experienced a 1% decline to reach 46,800 rials. Other major currencies, including euro and pound, stumbled as well. […]

17Feb 2018

Market News – In an attempt to put a cap on recent USD/IRR unrest, Central Bank of Iran offered an anti-fever package to contain the situation over the FX market. Offering 3 short term solutions, the package is to reduce the heat on the market and stabilize the fluctuations: IRR certificates of deposits: starting today, Iranian banks are allowed to […]

17Feb 2018

Bank of Industry and Mine sold off a 51% stake in its investment arm, Industry and Mine Investment Company on Tuesday on the capital market, BIM’s head of subsidiaries and general meetings manager, Abolfazl Najjarzadeh, announced. Over 2.29 billion shares with a base price of 1,900 rials per share were offered on Tehran Stock Exchange […]

14Feb 2018

Market News – Official stats from Iran statistical center show a solid growth in housing sector of Iran’s Economy over a one-year period from Fall 2016/17 to Fall 2017/18. The average price for 1 square meter of residential land in Tehran rose for 16.6% while the growth figure for average monthly rent of apartments is around 14.8%. After a long lasting […]

14Feb 2018

Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget. According to ICANA, the official news portal of the parliament, the first measure pertained to the process of NDFI making deposits with agent banks to be allocated […]

13Feb 2018

Iran has established banking relations with close to 300 foreign banks two years after the landmark nuclear deal with world powers, the Central Bank of Iran announced. In its latest series of reports published on its website to mark the 39th anniversary of the Islamic Revolution, the bank said that by Jan. 20, Iranian banks […]