Iran

Iran to discuss central bank independence

"Iranian MPs are to discuss with bank experts the independence of Iran's Central Bank from the government and the Iranian government will comment on the plan in due time," said Heydar Mostakhdemin Husseini, Iran's Deputy Minister of Economics in legal…

Central Bank of Iran - Annual Report 2002-2003

The Central Bank of Iran has published its Annual Report for the year ended 1381 (2002-2003). In the review year the increasing trend of international oil prices helped Iran enjoy positive and balanced growth in production and investment, the annual…

Iran's Sheybani stresses use of modern technology

Ebrahim Sheybani, the governor of the central bank of Iran, told a seminar on Saturday 10 July that implementing policies to use modern technology with the aim of expanding non-oil exports sector would act as an impetus for higher economic growth and…

Conference on e-money to convene in Iran

The secretariat of the Supreme Council for Information Dissemination and the Export Development Bank of Iran (EDBI) will convene the first conference on e-money in Iran next month.

Iran's money laundering bill in final stages

Training workshops for professionals could eliminate money laundering from Iran's financial system, according to deputy Governor of the Central Bank of Iran, Akbar Komeijani. "Events of September 11, 2001 in the US have sped up the process of passing…

Iran to print higher denomination notes

The central bank of Iran has said that it intends to print 20,000 rial banknotes, double the value of the current highest denomination banknote, according to AFP. The new notes will be issued in February next year.

Central Bank of Iran - Annual Report 2001-2002

The Central Bank of Iran has published its Annual Report for the year ended (1380) 2000-2001. The Iranian economy performed positively in 2001/02, the Annual Report said. Despite fluctuations of crude oil prices in world markets, especially in the…

CBI governor emphasises independence of banks

The Central Bank of Iran (CBI) fully supports and respects the authority of banks to implement measures to better perform their functions, said CBI Governor Ebrahim Sheibani, reported by the Iran Daily. Sheibani was also reported to have said that the…

Sheibani appointed new CBI governor: report

The newspaper Hamshahri reported on Wednesday 30 April that Ebrahim Sheibani has been appointed the new governor of the Central Bank of Iran. A previous leading contender for the post, Massoud Nili, was said to have withdrawn his candidacy to concentrate…

Iran president to form 'coordinated' economic team

Iran's parliament praised the successes of the late central bank governor, Mohsen Nurbaksh and pledged to find a successor as soon as possible, the IRNA news agency reports. A government spokesman said that the President intends to form a coordinated…

Vahhaji takes over as central bank head in Iran

After the sudden death of the governor of the central bank of Iran, Mohsen Nourbakhsh, at the weekend, it has been announced by the Islamic Republic News Agency that the deputy governor will assume the position of interim governor.

Iranians turn to gold as war casts its shadow

Iran's central bank has introduced measures designed to bring down soaring gold prices, including easing procedures for the importation of gold and silver bullion, a bank official, Jalal Jalilian, was quoted as saying Tuesday.

Iran: Single exchange rate policy to continue

The governor of the Central Bank of Iran Mohsen Nurbakhsh has announced that the single exchange rate policy will continue in the next Iranian year which begins on 21 March. In another move it was reported that certain political groups want Nurbakhsh…

Iran sees large inflow of gold and capital

IRAN - Iran has experienced a net inflow of capital and gold bullion for the first time since the 1979 Islamic revolution. It has been drawn by domestic investment opportunities and driven by financial insecurity outside the country following the…

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