NEWS
ECONOMY   Banks  

Liquidity at $448b in a year: CBI

Iran’s liquidity stood at 18.82 quadrillion rials (about $448.095 billion) in the past Iranian calendar year (ended on March 20, 2019), IRIB reported citing a report released by the Central Bank of Iran (CBI).

The CBI announced that the liquidity figure shows 22.1 percent growth year on year.

During a meeting held two weeks ago, CBI Governor Abdolnasser Hemmati discussed controlling liquidity with the country’s economists.

Reforming the structure of the country’s banking system, curbing inflation, removing barriers in the way of production, improving the people's livelihood and preventing income imbalances through monetary and fiscal policies, and the impact of U.S. sanctions and enforcement of bank operations were among the other issues raised in the meeting.

News No: 5110
Date: 2019/07/10 - 01:34
News Source: Tehran Times

sanctions  banking system  Central Bank of Iran  liquidity  CBI 

Comments:

Leave a Comment:

   
   
   
 

US to No Longer Waive Sanctions on Iran’s Fordow Plant

US Secretary of State Mike Pompeo said Washington will no longer waive sanctions related to Iran’s Fordow nuclear plant.
 

Last Yamal Arc7 LNG vessel leaves Okpo for Sabetta

The final Arc7 ice-class LNG vessel ordered by the 16.5mn t/yr Yamal LNG project will be delivered in late November, Bermuda-based shipowner Teekay Partners said today.
 

Bank loans to economic sectors up 26% in H1

Iranian banking system has offered 3.821 quadrillion rials (about $90.97 billion) to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-Spetember 22), registering a 26-percent rise from the previous year’s same period, IRNA reported.
 

Steel products output to reach 28m tons by March 2020

Iran’s steel products output is going to reach 28 million tons by the end of the current Iranian calendar year, IRNA reported, quoting deputy industry, mining and trade minister as saying on Thursday.
 

CBI orders banks to establish anti-money laundering units

Central Bank of Iran has obliged all the country’s banks and credit institutions to establish anti-money laundering units, IRNA reported on Wednesday.
 

Sanctions to have no additional impacts on Iran's economy in 2020: IMF

Director of the International Monetary Fund (IMF)'s Middle East and Central Asia Department said U.S. sanctions are not going to have any new major impacts on Iran’s economy in the upcoming year.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners