Middle East Economic Survey
VOL. LII
No 16
20-Apr-2009
IRAN
CBI Lowers Bank Rates Slightly
The Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani on 12 April announced new bank interest rates for the year starting 21 March, following the approval by the government of the CBIs supervisory and policy making recommendations. Mr Bahmani said that, considering the fall in the inflation rate, the maximum interest rate on savings is reduced to 17.5% from 19.0%, while the interest rate on trade...
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