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Iran ups bank interest rate to buoy rial

President Mahmoud Ahmadinejad has approved an increase in bank interest rates in a bid to absorb liquidity in the market and supporting the Iranian currency.

 

Economy Minister Shamseddin Hosseini was quoted Wednesday by the official IRNA news agency as saying that Ahmadinejad approved a decision by Iran's Money and Credit Council to raise interest rates on deposits to 21 percent. (AP)

 

 


פרסום ראשון: 01.25.12, 11:51