Financial and Banking News
Growth In Iranian Money And Banking Continues To Accelerate
Monetary growth in Iran has been accelerating since 1990 and now easilyexceeds the official rate of inflation, figures recently published by the IMFshow. Deposits in the commercial banking system grew by 31% in 1993, the biggestrise since the late 1980s. The total resources of the commercial bankingsystem grew at an even faster rate as a result of a 20-fold...