Tehran Stocks Shed 2%

EghtesadOnline: Tehran stocks closed Sunday under heavy selloff pressure as budgetary decisions weakened sentiments.

Companies Borrowed $3.2b in 7 Months: NDFI

EghtesadOnline: The National Development Fund of Iran gave 880 trillion rials ($3.2 billion) in loans in the first seven months of current fiscal year (March 20-Oct.21), the managing director of the sovereign wealth fund said.

Check Clearance Improves

EghtesadOnline: Bounced checks reached an estimated 544,000 in the ninth calendar month ending Dec. 21, down 13.6% compared to the month before.

CBI Says Resolute on Reforms

EghtesadOnline: Central bank Governor Ali Salehabadi said Tuesday the regulator is in the process of reforming regulations to help ease the people's access to financial services.

Bank Borrowing From CBI Pushes Up Monetary Base

EghtesadOnline: The monetary base expanded to unprecedented levels in the calendar month to Dec. 31 due mainly to banks’ excessive borrowing from the Central Bank of Iran.

CBI to Launch Digital Rial Pilot

EghtesadOnline: The Money and Credit Council has approved a proposal by the Central Bank of Iran for minting a digital rial as a central bank digital currency (CBDC), CBI deputy governor for innovation technologies said.

TEDPIX Sinks to 6-Month Low

EghtesadOnline: Tehran’s share market faced a bruising selloff on Tuesday as a wave of panic selling dragged down prices in majority of the tickers.

SCF to Buttress Lending Efficiency

EghtesadOnline: The Central Bank of Iran’s plan to launch a supply chain finance (SCF) mechanism is expected to help improve the allocation of funds across economic sectors, the bank’s SCF Department said.

60% Growth in Lending in Q1-Q3

EghtesadOnline: Loans by banks and credit institutions increased 59.5% in the first nine months of current fiscal year (March 21-Dec. 21).

Forex Falls With Gold

EghtesadOnline: After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market.

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