Financial Tribune - The Central Bank of Iran on Thursday said lenders can raise the ceiling when issuing certificate of deposit up to a level that doesnt cross 20% of total long-term deposits at the end of last fiscal year (March 19). It allowed banks to issue CDs at 18% interest. The decision will be valid until Sept 22, according to a notice on ...

Financial Tribune - Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October 22), according to the Central Bank of Iran. The figure indicates an increase of 5,356.2 trillion rials ($41.2 billion) during one year, also showing 29....