Tribune- Financial Journal

Iran's CB Rules to Increase Lending Transparency The Central Bank of Iran announced new rules on Sunday based on which banks and credit institutions are required to provide borrowers with access to lending contracts and changes thereto via electronic platforms. Lenders have until next May to develop electronic platforms to launch e-platforms and develop existing ones. According to a press statement seen on the CBI website, the platforms must enable borrowers’ full access to loan contract data. financialtribune.com/node/115153 @fintribune

Iran’s Pistachio Exports to EU Top €78 Million in H1 A total of €78.6 million worth of pistachio were exported from Iran to the European Union member states during the first half of 2022. Data released by Eurostat's database show the volume of exports registered a 26% decline compared with the similar period of last year. The export of in-shell pistachio stood at €31.6 million during the period, registering a 53% year-on-year decline, while that of shelled pistachio stood at €47 million to register a 23% YOY rise, IRNA reported. Germany and Italy were the main destinations of Iranian pistachio among EU members. financialtribune.com/node/115149 @fintribune

M1 Growth Surging Data released by the Central Bank of Iran show higher growth in assets in the financial system that can be readily changed into cash, compared with growth of less liquid assets. Value of money, or M1, stood at 11,820 trillion rials ($39.4 billion), up 57.6% by end of fourth calendar month to July 22. It rose 19.8% in four months since the beginning of fiscal year in late March. This is while quasi-money, or M2, which reflects less liquid assets, grew at a slower rate. M2 was 40,681.4 trillion rials ($135.6b), increasing 32.5% annually. It climbed 5.8% in the first four months – a slower pace compared with M2. financialtribune.com/node/115133 @fintribune

Urban Residential Rent Inflation Above 50%: CBI financialtribune.com/node/115130 @fintribune

Q1 PPI Inflation at 49.7%: SCI The Producer Price Index in the four-quarter period ending June 21, 2022, which marks the end of the first quarter of the current Iranian year, grew by 49.7% compared with the corresponding period of last year, data released by the Statistical Center of Iran show. The lowest and highest annualized producer inflation was registered for “production, transmission and distribution of electricity” and “agriculture" with 13.8% and 63.6%, respectively. PPI (using fiscal 2016-17 as the base year) stood at 626.4 in Q1 (March 21-June 21), indicating a 15.8% increase compared with the previous quarter and a 49.3% growth over the same quarter of last year. financialtribune.com/node/115138 @fintribune

Gov’t Bond Sale Plunges by Half Bond sale by the government was around 13 trillion rials ($43.3 million) in the last Iranian week – down 43% on the week before. Bond auctions are held every week to help plug the government’s budget deficits. The main buyers are banks, non-bank credit institutions, investment funds and institutional investors in the stock market. According to data published by the Economy Ministry, lenders in the interbank market and stock investors each contributed to half of the debt offer. financialtribune.com/node/115134 @fintribune

Iran's Transactions With China Up 22% YOY to $9.6 Billion in 7 Months Iran’s transactions with its leading trade partner, China, stood at $9.66 billion in the first seven months of 2022, registering a 22.4% rise compared with the corresponding period of the year before. Latest data released by China’s General Administration of Customs show Iran’s exports totaled $4.48 billion during the period, indicating a 23.3% year-on-year increase. In return, China exported $5.18 billion worth of goods to Iran, registering a 21.7% YOY rise. financialtribune.com/node/115118 @fintribune

25% Rise in Foreign Transit Through Iran financialtribune.com/node/115113 @fintribune

POS Terminal Users Told to Gradually Go Paperless Shaparak Company, regulator of Iran’s domestic payment network, said payment service providers need not issue POS terminal receipts for transactions worth 2 million rials or less, to help save trees (protect the environment) and cut costs. According to Kazem Dehghan, the CEO, Shaparak network processes more than 40 billion transactions a year, 90% via POS terminals. Printing the transaction receipts costs nearly 7 trillion rials ($23.2 million), the company website quoted him as saying. “Printing transaction receipts was optional for transactions worth 500,000 rials or less accounting for almost 40% of the total transactions,” he said. “As per the new measure, the cap is raised to 2 million rials or less, accounting for 80% of transactions.” financialtribune.com/node/115121 @fintribune