Posts Tagged ‘Central Bank of the Islamic Republic of Iran’

Wednesday, 05 September 2012 13: 55 | |

Baghdad/Orr news

The Central Bank said that the United Nations and the Security Council a request from Iraq to tighten its procedures for dealing with Iranian banks operating in Iraq and take caution, saying not to allow the presence of Iranian and foreign banks because of the weak capacity of the Central Bank of Iran and Iraq from the international crisis dimensions. (more…)

2/6/2012

WASHINGTON, Feb 6 (KUNA) — President Barack Obama has ordered new US sanctions on the government of Iran, including the Central Bank, the White House announced on Monday.

In a statement accompanying his order, which was signed on Sunday, Obama said the sanctions were warranted because of the “deceptive practices” of the Central Bank and the “unacceptable risk” posed to the international financial system by Iran’s activities. (more…)

23/08/2011

Interact issue of rising inflation rates in the country and many specialists as well as citizens concerned about the news related to this, especially since the rise in inflation was not a bit within a year as it ranged from 6 to 7%.

The central bank announced that the annual inflation rate in the country amounted to more than 6 percent this year, with the exception that this rise is equal to twice what it was last year, attributing it to increased inflation, the dollar area at the global level.

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Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani says the bill to drop four zeros from the Iranian currency, the Rial, will be submitted to Parliament (Majlis) within the next three months.

“We will have meetings with Majlis [lawmakers] and we will offer necessary explanations in this regard,” Bahmani said in an interview with IRNA on Monday.

“If we can garner the complete support of Majlis this — in other words dropping four zeros [from the Rial] — will happen smoothly,” he added.

The CBI Governor believes that currency redenomination is a good idea, and says this is the result of a 24-month study and would strengthen the national currency.

Read More: http://www.presstv.ir/detail/189669.html

Governor of the Central Bank of Iran (CBI) said the bill to drop four zeros from the Iranian currency, the rial, will be submitted to parliament within the next three months.

“We will have meetings with Majlis lawmakers and offer explanations in this regard,” Mahmoud Bahmani said in an interview with IRNA on Monday.

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17/07/2011 12:49

Erbil, July 17 (Rn) – The Central Bank of Iran, for organizing the referendum in Iran on making changes to the official currency of the country’s current, indicating that the changes include renaming the existing currency in addition to reducing the number of zeros on it, according to the newspaper site ” Washington Post “U.S..

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Derivate of public domain work

Iranian Riyal

XE: (IRR) Forex Rate: http://www.xe.com/currency/irr-iranian-rial

14 Jul 2011

The U.S. dollar is worth more than ten thousand Iranian riyals while the Euro is worth more than 15 thousand riyals.

The plan to change the currency has been on the government’s agenda since the last year, but only recently agreed to reduce the currency’s denomination.

Bahmani clarified that the Central Bank and the government are planning to rename the local currency without revealing further details.

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