Forex

CBI governor:

Iran's FOREX reserves increase last year

TEHRAN, Oct. 12 (MNA) – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that foreign exchange reserves of the country increased in the past year (ended March 20, 2019).

Iranian petchem co. cuts forex costs by 70%

TEHRAN, Sep. 02 (MNA) – The CEO of an Iranian petrochemical plant said that the company had saved 70% of its expenses in foreign currencies after overhaul of 22 of its units.

Economy returning to normalcy as a result of CBI proper measures: Hemmati

TEHRAN, Aug. 31 (MNA) – Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

Petchem exports exceeded $11bn in 2018, says oil min. Zanganeh

TEHRAN, Aug. 25 (MNA) – Iran’s export of petrochemical products exceeded $11 billion last year, according to Minister of Petroleum Bijan Zanganeh speaking at a Parliament session on Sunday.

Official inauguration of integrated forex market postponed

TEHRAN, Aug. 05 (MNA) – Central Bank of Iran’s forex market will be inaugurated later than the predetermined date i.e. August 12, 2019, an official from the central bank (CBI) said on Monday.

$27.5bn of forex offered at NIMA in a year: CBI gov.

TEHRAN, Jul. 30 (MNA) – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced on Tuesday that as of July 23, 2018 some $27 billion of foreign exchange has been offered at the Integrated Forex Deals System (NIMA).

CBI to launch Integrated Forex Market by mid-August

TEHRAN, Jul. 28 (MNA) – The Central Bank of Iran is planning to launch the Integrated Forex Deals System (Persian acronym for Nima) by mid-August.

Iran’s trade surplus at $12bn: CBI

TEHRAN, Jul. 21 (MNA) – Exports Department Manager of Central Bank of Iran (CBI) Samad Karimi on Sunday put the country’s trade surplus at $12 billion, saying that Iranian economy can be administered without oil revenues appropriately.

Nobakht:

Monthly inflation rate down, economic growth to improve next year

TEHRAN, Jul. 03 (MNA) – "The government managed to curb the inflation rate in the past months and according to predictions economic growth will improve in the next Iranian calendar year," Head of Plan and Budget Organization Mohammad-Bagher Nobakht said on Wednesday.

BY: Haniyeh Sadat Jafariyeh

Road from oil-reliant economy to oil free one

TEHRAN, Jun. 12 (MNA) – The US-led sanctions, imposed to squeeze Iran’s oil-reliant economy by restricting oil revenues, has made the need for moving toward a non-oil economy for Iran ever-increasing.

Regulated Forex Market to be formed by June. 21: MP

TEHRAN, May 27 (MNA) – The CBI's planned Regulated Foreign Exchange Market will be formed by the end of the present Iranian month, Khordad, (June 21, 2019), Mohammadreza Pourebrahimi, the Chairman of Iran’s Parliament Economic Committee said on Monday.

CBI not to eliminate forex management integrated system NIMA: governor

TEHRAN, May 25 (MNA) – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced that the central bank is not intended to omit Iran's domestic Foreign Exchange Management Integrated System (locally known as NIMA) from domestic forex trade market.

CBI to create personal forex profile for each Iranian

TEHRAN, May 22 (MNA) – An official from the Central Bank of Iran (CBI) announced on Wednesday that the central bank plans to create a personal foreign exchange profile for each Iranian in near future.

$18.7bn of exports forex revenues returned: CBI gov.

TEHRAN, May 21 (MNA) – “As of the beginning of the present Iranian year (March 21), about $18.7 billion of foreign exchange revenues earned via non-oil exports have been returned to the country’s economy cycle,” the Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced on Tuesday.

Govt. urges exporters to inject forex revenues to domestic economic cycle

TEHRAN, May 07 (MNA) – Iranian deputy finance minister announced on Tuesday that the government will not levy tax exemptions for Iranian exporters who do not inject their foreign revenues back to domestic economy cycle.

CBI alloted €2bn for necessity goods, medicine since March

TEHRAN, May 05 (MNA) – The Central Bank of Iran has allotted €2 billion for the purchase of necessity goods and medicine since the start of the Iranian year on March 21.

Forex market controlled for the nth time: CBI governor

TEHRAN, Apr. 24 (MNA) – "The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management," the central bank governor Abdol-Naser Hemmati wrote on his Instagram on Wednesday.

Central bank fully controls foreign exchange market, says governor

TEHRAN, Apr. 07 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said Sun. that the enemies are constantly plotting against the country’s local currency the rial, saying in continuation of countermeasures, an organized market will be launched within two weeks to further thwart plots.

CBI governor:

Maintaining limited banking ties with foreign banks, ‘essential’

TEHRAN, Mar. 01 (MNA) – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said on Friday that the country should maintain its limited banking ties with foreign banks.

CBI seeks to slice four zeros off currency: Hemmati

TEHRAN, Jan. 06 (MNA) – The Central Bank of Iran (CBI) is looking to take four zeros off the national currency in a bid to curb the rising tide of liquidity and help the rial regain part of its lost value, an MP quoted the CBI governor as saying on Sunday.

CBI governor:

Oil forex revenues to be used for necessity goods import

TEHRAN, Jan. 06 (MNA) – Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods.

Iran’s trade balance turns positive in nine months

TEHRAN, Jan. 05 (MNA) – Despite US reimposition of sanctions on Iran, trade balance in the country in the nine months of the current Iranian calendar year (March 21 – Dec. 21) turned positive.

CBI reports measures taken for controlling forex market to top authorities

TEHRAN, Dec. 23 (MNA) – The Central Bank of Iran (CBI) reported the measures it has taken so far for controlling foreign exchange market to the Supreme Council of Economic Coordination, chaired by President Rouhani.

CBI calls on banks, exchange shops to buy ordinary people’s dollars

TEHRAN, Dec. 12 (MNA) – As the prices of foreign currencies against that Iranian rial continued to fall on Wednesday, the Central Bank of Iran (CBI) called on state banks and exchange shops to buy the US dollars that people offered to sell in the free market to avoid further depreciation of their properties.

Judiciary Chief says enemies unable to disturb economy through sanctions

TEHRAN, Oct. 22 (MNA) –Iranian Judiciary Chief Ayatollah Sadegh Amoli Larijani has said that the legal apparatus will seriously fight against enemy-backed forex dealers who seek to create problems for the economy.

Iranian oil has found new clients: VP Jahangiri

TEHRAN, Oct. 14 (MNA) – First Vice-President Es’hagh Jahangiri said Sun. that although some countries have stopped importing Iranian oil due to impending US sanctions, Iran has found new clients for its oil.

Rouhani agrees with 35% discount exchange rate for Arbaeen pilgrims

TEHRAN, Oct. 13 (MNA) – President Hassan Rouhani agreed with the suggestion of the Central Bank for a 35% discount out of NIMA System exchange rate for Arba’een pilgrims.