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Iran's central bank governor pledges reforms

The inflation rate in Iran will drop to a one digit figure by end of the fourth five-year economic development plan (2005-10), said governor of the Central Bank of Iran Ebrahim Sheibani here on Tuesday 30 August.

Iran and Bahrain link ATM systems

The Iranian ATM system has been connected to that of Bahrain, allowing the customers of Bahraini banks to use the ATM machines in Iran and vice versa.

Iran: New call for central bank independence

Iran's deputy minister of economic affairs and finance said the proposed scheme to transform the Central Bank of Iran (CBI) into an independent entity would help improve the management system of the key Foreign Exchange Reserve Fund.

Central Bank of Iran - Annual Report 2003-2004

The Central Bank of Iran has published its Annual Report for the year ended 1382 (2003/2004). Investment and employment exceeded projections during the year, according to the annual report. Structural reforms appear to have been the main driving force…

Interview with vice governor, Central Bank of Iran

In a recent interview Mohammed Jafar Mojarrad, vice-governor of Bank Markazi, Iran's central bank, spoke about the latest developments in the economy and the financial sector. He said there are two main challenges currently facing Iran: unemployment and…

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…

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