Iran raising deposit rates to control rial's depreciation, TV reports
ANKARA, Feb 15 (Reuters) - Iran’s central bank will raise deposit rates to bolster the value of the Iranian rial after it dropped to record lows, the head of the central bank said, according to a report by state television on Thursday. Iran’s national currency reached a record low around 50,000 in the free market this week, compared with 47,800 last week and 35,570 in mid-September. “From Saturday for a period of two weeks, banks will be allowed to give interest rates of up to 20 percent on fixed one-year deposits,” state TV quoted central ...
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