Market News – Reuters reports that IMF released its latest research on the global economy and of course Iran’s situation. According to news, IMF reduced Iran Economy growth rate to -1.5% for the year 2018 (previously was +4.4%!) and also predicted that Iran will face with an inflation rate of 29.6%. The unemployment rate would reach 12.8 as well which […]
In the Market – After the recent chaotic situation dominating the Iranian economy, Iran Chamber of Commerce offered an exit plan to the president Rouhani’s administration containing 12 reformative approaches. According to the headlines which the head of ICC sent the first VP, Eshaq Jahangiri, the government, most importantly, shall: Stop payment of subsidized USD/IRR ar 42,000 rate to any goods […]
Market News – After months of pointless disputes around joining CFT convention, Iranian Parliment finally voted “Ay” on the bill and as its result, Iran will officially join FATF countries’ list. Although the voting was anonymous, yet the numbers of senators in favour (143) outweighed the against members (120) and there were 5 blanks votes. This would have massive […]
Market News – After the recent directive allowing Iran Central Bank to get involved with the nation’s FX market, now the cabinet members is to expand the scope of CBI activities even more to include not only FX policies but also monetary ones. Doing as such, the CBI has now granted 3 new instruments to balance the currency/monetary needs: […]
Market News – After a series of wild and inept fluctuations of FX rates on the Iranian economy, caused USD/IRR pair to reach +19,000 level, yesterday and by the injection of some good news, the Iranian Rial appreciates and the FX market got relieved for a while when rates went south rapidly for both USD/IRR and Bahar Azadi gold coins. Analysts […]
Market News – In an attempt to maintain the risks that brokerages firms take on their clients’ accounts, Iran SEO is to perform a pilot run of its newest risk management system from Oct 2nd, 2018. For the first step, there will be only authentication of clients’ accounts credit status and no preventing (rejection/confirmation of trades) measures. According […]
Market News – After the recent jumps of FX rates for the second time again, Iran Central Bank is to utilize Open Market Operation in order to maintain the falling value of Iranian Rial against foreign currencies. News has that CBI is going to allow authorized banks and exchange houses to inject FX into the market and […]
Market News – Iranian foreign minister, Mohammad Javad Zarif, announced that the Europe Union is going to circle Iran sanctions utilizing a new mechanism consisting 7 different European central banks. This EUR only transactions account will be used for the settlement of Iran trades without any involvement from united states or US dollars. Other news reports from Federica Mogherini that this new scheme […]
Market News – After the establishment of the first Iranian credit rating institute, Iran SEO is now authorizing the Iranian Debt Securities to be issued without a guarantor and based on their good credit status. This move can ease the process of debt securities issuance along with reducing the issue costs. Companies with good credit score can finance their capital need cheaper […]
