December 25,2022
The Tehran Stock Exchange reported growth in the ninth month of the current fiscal year, for the second successive month. In 22 sessions the main index of Tehran Stock Exchange, TEDPIX gained more…
December 24,2022
The Executive Board of the Central Bank of Iran said banks can raise the interest rate on certificates of deposit (CDs) up to 23%. Mostafa Qamari Vafa, head of the CBI public relations department…
December 24,2022
Demands imposed on banks, tough procedural mechanisms plus the worsening economic climate are impeding the sale of excess bank assets rendering the task almost impossible, an economic analyst says…
December 24,2022
Tehran Stock Exchange’s main index, TEDPIX, gained 41,802.36 points or 2.79% on Saturday to end at 1,538,003.22. The TSE equal-weighted index jumped 2.37%. About 12.71 billion shares worth 73.9…
December 24,2022
The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around $…
December 24,2022
The Cabinet on Wednesday approved a proposal calling for state-owned banks to raise their capital and enhance lenders’ capital adequacy ratio, Economy Minister Ehsan Khandouzi said. “An estimated…
December 24,2022
The weekly government bond auction held by the Central Bank of Iran barely generated 32.24 trillion rials ($83.7 million) as major buyers stayed away for the fifth week in a row. Auctions are held…
December 24,2022
Trade at the Iran Mercantile Exchange (IME) reached 6,937 trillion rials ($18.1 billion) in the first nine months of the calendar year to November 22. This was an all-time high and above the…
December 21,2022
The Central Bank of Iran has floated the possibility of raising interest rates any decision (must be first be approved by the Money and Credit Council MCC) before announcement. Economist and…
December 21,2022
An estimated 7 million gold coin bonds, the equivalent of 70,000 Bahar Azadi gold coins were sold in the capital market up until December 20 and are seen as pushing gold coin prices higher in the…
December 21,2022
The Money and Credit Council (MCC), the top decision-making body of financial and monetary markets, is expected to increase interest rates, an unnamed official was quoted as saying Tuesday. “The…
December 21,2022
The Central Bank of Iran says it is concentrating on developing efficient supervisory tools. “The plan for promoting electronic banking and remote service started three decades ago at the central…
December 21,2022
Tehran Stock Exchange’s main index, TEDPIX, lost 8,813.33 points or 0.59% on Tuesday to end at 1,492,095.08. The TSE equal-weighted index too lost 0.20%. About 8.8 billion shares worth 53.8…
December 21,2022
Russia’s second largest bank, VTB, has launched a new service allowing both individuals and businesses to transfer money to and from Iran, the lender said, RT reported.
December 19,2022
The National Development Fund of Iran (NDFI) released a report on its performance since inception in 2011 up until the last calendar year that ended in March. Deals to the tune of $119.2 billion…
December 19,2022
Tehran Stock Exchange’s main index, TEDPIX, gained 666.11 points or 0.04% on Monday to end at 1,500,908.60. The TSE equal-weighted index lost 0.15%. About 16.62 billion shares worth 63.5 trillion…
December 19,2022
Banks are overstretched with the swelling demand for small loans and lack resources to meet the trend, a deputy governor of the Central Bank of Iran said. “Bank resources are insufficient to meet…
December 18,2022
The Central Bank of Iran says it plans to modify interest rates to help strengthen the depreciating national currency, the bank governor Ali Salehabadi said. “Interest rates could have been used…
December 18,2022
Tehran Stock Exchange’s main index, TEDPIX, gained 30,308.55 points or 2.06% on Sunday to end at 1,500,241.84. The TSE equal-weighted index gained 1.71%. About 11.2 billion shares worth 65.64…
December 17,2022
The Central Bank of Iran is making concerted efforts to stabilize the chaotic forex market amid the steep decline in the national currency, the bank governor said. “We have set up a joint…
December 17,2022
Banks and credit institutions have given an estimated 445.8 trillion rials ($1.26 billion) in collateral-free loans after the government announced the new lending program in January. The money…
December 17,2022
The unprecedented rise in car prices has little if anything to do with the auto sales in the Iran Mercantile Exchange, a market observer says. In his view of him, IME is the pitch where “supply and …
December 17,2022
Tehran Stock Exchange’s main index, TEDPIX, lost 2,827.70 points or 0.19% on Saturday to end at 1,469,933.21. The TSE equal-weighted index gained 0.63%. About 7.84 billion shares worth 48.75…
December 16,2022
Iran’s capital market continues to face challenges and officials need to take practical measures to restore trust to the market. “What indeed is the main culprit eating away at the roots of the…
December 16,2022
The loan to deposit ratio (LDR) declined for eight months to November 22 by 82.4%, which was 1.1 percentage points lower than the beginning of the fiscal year in March at 83.2%, the Central Bank of…
