Market News – Following the recent rise in Iranian gold coin (Bahar Azadi) price, the derivate board of Iran Mercantile Exchange has decided to take margin limits higher for future contracts. According to the news, the initial margin is set to be IRR 17,500,000 for each contract from today (Apr 04, 2018). Counting the additional margin as well, the total figure […]
Market News – Following the administration’s corrective tax policies and according to the head of Majlis Economic Commission, the Value Added Tax bill will go through infrastructural reforms until the end of spring, based on which, the producers are no longer subjected to pay VAT. This caused the 90% of production sector difficulties over the recent years mostly because […]
In the Market Tehran Stock Exchange went up by 342 points mostly influenced by mega-cap names like Esfahan’s Mobarake Steel and also thanks to better than expected Q2 performances of Metal producers. However, the value of trades in both the TSE and IFB was light ahead of the upcoming holidays. In tandem with positive global metal […]
Market News – Following the earlier CBI’ decision to release a “Rescue Package” maintaining the volatile situation of the FX market, rates on almost all of Iranian debt securities yields raised to +20% levels overnight. The following table shows the latest status of Iran’s Debt Market a month after the said package release date: – Continuing the settlement process of Iranian […]
The latest update of regulations concerning foreign currency deposits in banks has been released by the Central Bank of Iran, according to which banks are required to return the original amount of the deposit plus its interest in hard currency to the customer upon demand. The bank emphasizes that if the customer had made his […]
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the country’s nuclear deal with world powers. While conceding that Iran has yet to reap many of its deserved benefits, particularly those related to banking affairs, Araqchi said the nation is not at an impasse. “The truth is that when the US […]
The second batch of the new Islamic debt security Manfa’ah sukuk valued at 20 trillion rials ($416.6 million) was offered on over-the-counter exchange Iran Fara Bourse on Saturday. The 42-month bonds bear an 18% interest and are priced at 1 million rials ($22.2) each. The government bonds are meant to finance buyback of bonds that […]
Market News – Following the policies to expand the scope of Iran Debt Market and providing Iranian companies with proper finances via debt securities, a new wave of corporate and governmental Sukuks are to be published soon on Iran Fara Bourse and Tehran Stock Exchange (see description below): Sukuk Ijarah for Islamic Republic of Iran airline worth IRR 5,000 bn (cUSD 105.22 mn) with a […]
High-level executives with Bank Melli Iran and France’s Banque Delubac met on Wednesday in Tehran to discuss a potential restoration of relations that were cut off after Iran was slapped with financial sanctions. Barat Karimi, a board member of Iran’s biggest bank BMI, conferred with Denis Meilhon, chief executive, and Joel-Alexis Bialkiewicz, managing partner at […]
The Central Bank of Iran has released its latest data on the country’s interbank market, indicating that it has registered growth both in terms of the number and value of deals. According to the report published on its official website, 34,859 deals were made between banks and credit institutions during the first 11 months of […]
