Publicly-traded companies on Tehran Stock Exchange and Iran Fara Bourse had a total of 9.6 trillion rials ($237.3 million) added to their share capitals during the first month of the current fiscal year (March 21-April 20), indicating a 44.5% jump year-on-year. Out of the aggregate amount, 1.9 trillion rials ($46.9 million) were raised through issuing […]

Market News – In its latest regional economic outlook and in addition to putting the country’s economic growth and Iran inflation rate at a 4% and 12.1% in the current year, the International Monetary Fund (IMF) stressed on reforming Iran’s banking system as the top priority, even more important than dealing with concerns surrounding the fate of the JCPoA; according […]

Market News – Just a month shy from the Persian year 1396 (2017/18) and due to unleashed volatilities of the FX market, Iranian central bank proposed a rescue package aiming to dry the wandered cash in hands of the society. Now months after the CBI’s decision, effects of the plan have been analyzed by “RasamFunds”. Below […]

Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists traveling between the two nations. This was announced during a meeting on Saturday between high-level representatives of Bank Melli Iran and Turkey’s Ziraat […]

The governor of the Central Bank of Iran acknowledged shortcomings in the government’s new foreign exchange policy, promising that they would be addressed. Valiollah Seif, in his first TV appearance since the US dollar’s exchange rate unification on April 10, also said the newly-launched Integrated Foreign Currency System (locally known as Nima) is not without […]

Market News – The Securities and Exchange Organization (SEO) of Iran’s Issuers Supervision Division released the free float index of listed companies on the Tehran Stock Exchange (TSE) and Iran Fara Bourse (IFB) for the one-year period ended March 20th. Over the said period, 7 new companies entered Iran Stock Exchange, including HiWeb, Omid Investment Bank and Shafa Pharmaceutical with their free float rates […]

Market News – After massive impacts on Tehran Stock Exchange mostly due to the volatility of USD/IRR over recent months, a member of SEO’s high council announced three solutions on agenda in order to prevent future effects of such fluctuations. A) Establishment of FX-denominated mutual funds, B) Issuance of foreign currency denominated debt securities and C) FX-denominated hedging instruments (derivates) are among the […]

Minister of Information and Communications Technology Mohammad Javad Azari-Jahromi said on Saturday his ministry has prepared a preliminary prototype of the national virtual currency in collaboration with the Central Bank of Iran-affiliate Monetary and Banking Research Institute. Azari-Jahromi said Post Bank is also a party to the development of the prototype and last week announced […]

The Central Bank of Iran has released new guidelines for the way banks’ capital adequacy ratios are calculated. According to a circular published on CBI’s website on Saturday, the guidelines are based on the latest international standards both from the Basel Committee and Islamic Financial Services Board. According to industry analysts as part of the […]

Market News – Aiming at improving their financial status by getting rid of their excess assets and cutting their costs, the Central Bank of Iran’s latest report proves a 0.3% decline in Iranian banks’ branches (to stand at 20,723) at the end of previous year (March 21st) in comparison with the prior year. – Announcing the maximum […]