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What is the Chakad System (Digital Secure Check), and How Does It Work?

Chakad (Digital Secure Check) is the central system for electronic checks introduced by the Central Bank of Iran (CBI). It is also connected with CBI’s Nahab system which contains the identity information of banking customers.

Iran’s central bank unveils CryptoRial

TEHRAN - Iran unveiled the digital currency “CBDC” in a ceremony on Sunday attended by Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin and some senior CEOs of the country’s banks.

CBI looking into piloting digital currency

TEHRAN - The Central Bank of Iran (CBI) says it is planning to introduce a digital currency (CBDC) to facilitate purchases for the clients of the banking network in the country.

CBI pays $900m to industries in subsidized foreign currency

TEHRAN – The Central Bank of Iran (CBI) supplied $921 million of subsidized foreign currency for the country’s industrial sector in the previous Iranian calendar year (ended on March 19), IRNA reported.

Housing price decreases 2.2% in Tehran city

TEHRAN- Average housing price declined 2.2 percent in the capital Tehran during the ninth Iranian calendar month Azar (ended on December 21), compared to the previous month, according to a report released by the Central Bank of Iran (CBI).

Bank loans to economic sectors rises nearly 24% in 7 months

TEHRAN- The Iranian banking system has paid 28.47 quadrillion rials (about $56 billion) of facilities to different economic sectors in the first seven months of the current Iranian calendar year (March 21-October 22), registering a 23.9 percent rise from the figure in the same period of the previous year, the Central Bank of Iran (CBI) announced.

Luxembourg releases $1.7b of Iran’s assets

TEHRAN- Luxembourg released $1.7b of Iran’s frozen assets following a ruling issued by the European country's Supreme Court, the Central Bank of Iran (CBI) reported on Saturday.

CBI opens $500m credit line to fund knowledge-based companies

TEHRAN - The governor of the Central Bank of Iran (CBI) has announced the opening of a $500-million credit line for providing foreign currency to knowledge-based companies in the current Iranian calendar year (started on March 21), IRIB reported.

CBI allocates $1b for medicine imports in 3 months

TEHRAN – The governor of the Central Bank of Iran (CBI) has announced the allocation of one billion dollars for the import of medicine and medical equipment in three months, IRIB reported.

Govt., private sector discuss electricity, foreign currency issues in dialogue council meeting

TEHRAN - The 117th dialogue council of the government and the private sector was held in Tehran on Tuesday, in which issues related to the supply of electricity during the summer and also foreign currency market were discussed, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

CBI governor leaves Tehran for Washington to meet IMF officials

TEHRAN- Central Bank of Iran (CB) Governor Mohammad-Reza Farzin left Tehran for Washington to meet the officials of the International Monetary Fund (IMF), the CBI portal reported on Tuesday.

CBI hosting 51st ACU summit

TEHRAN – The 51st Asian Clearing Union (ACU) summit, mainly focused on de-dollarization, kicked off on Tuesday at the place of the Central Bank of Iran (CBI), ISNA reported.

Bank loans to economic sectors up 45.3% in a year

TEHRAN- Iranian banking system has paid 44.485 quadrillion rials (about $105.916 billion) of facilities in the past Iranian calendar year 1401 (ended on March 20), registering a 45.3-percent rise from the figure in 1400, which was 13.863 quadrillion rials (about $33.007 billion), the Central Bank of Iran (CBI) announced.

Govt. branches give CBI new authorities to manage forex market

TEHRAN - The heads of the three branches of the Iranian government have approved a resolution based on which the Central Bank of Iran (CBI) is given complete authority to take the necessary measures for managing the foreign currency exchange market, Tasnim News Agency reported.

CBI launches currency, gold exchange center

TEHRAN - The Central Bank of Iran (CBI)’s center for the exchange of currency and gold was officially launched on Tuesday in a ceremony attended by the bank's officials, the CBI portal reported.

‘Currency, gold exchange center to control market fluctuations’

TEHRAN- The Central Bank of Iran (CBI) will open a new center for the exchange of currency and gold on Tuesday in order to control the market fluctuations and determine the rates based on the economic realities of the country, the CBI Governor Mohammad-Reza Farzin announced in a live TV program on Monday.

CBI steps in to stabilize forex market

TEHRAN – The governor of the Central Bank of Iran (CBI) said the bank has started taking the necessary measures to stabilize the foreign currency exchange market in collaboration with exchange shops, IRIB reported.

Curbing inflation is CBI’s main strategy: governor

TEHRAN – The new governor of the Central Bank of Iran (CBI) has said curbing inflation would be the main strategy of the bank during his tenure, IRIB reported.

CBI governor Saleh-Abadi resigns, Farzin replaces him

TEHRAN - Ali Saleh-Abadi left his job as the governor of the Central Bank of Iran (CBI) on Thursday and President Raisi's cabinet accepted his resignation and replaced him with Mohammadreza Farzin.

Bank loans to economic sectors increase 45%

TEHRAN- Iranian banking system has paid 22.45 quadrillion rials (over $63 billion) of facilities to domestic economic sectors in the first seven months of the current Iranian calendar year (March 21-October 22), registering a 45-percent rise from the same period in the previous year, IRIB reported.

Annual GDP growth stands at 4.4%: CBI

TEHRAN– Iran's gross domestic product (GDP) grew 4.4 percent in the past Iranian calendar year 1400 (ended on March 20), the Central Bank of Iran (CBI) announced.

‘Decline in housing prices to continue in next 2 years’

TEHRAN- “This year is the year of lower housing prices; this condition will continue in the country for the next two years, and we will see a continuous decrease in housing prices”, the chairman of Real Estate Agencies Union told IRNA.

CBI allocates $11b for imports in a month

TEHRAN- Central Bank of Iran (CBI) allocated $11 billion for the imports in the past Iranian month Farvardin, the first month of the Iranian calendar year (March 21-April 20), which is almost five times the figure for the same month of the past year.

CBI releases list of major defaulters on bank loans

TEHRAN- Central Bank of Iran released the list of major defaulters on bank loans on Wednesday.

CBI to release list of major defaulters on bank loans by Friday

TEHRAN- Central Bank of Iran (CBI) will release the list of major defaulters on bank loans by the end of the current Iranian calendar week (Friday), the bank’s governor announced.