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Iran: Declining Long-Term Deposits Sounds Inflation Alarm

Iran: Declining Long-Term Deposits Sounds Inflation Alarm  Iran: Declining Long-Term Deposits Sounds Inflation Alarm

A report on the value of deposits with 11 selective banks shows long-term deposits are increasingly turning into sight deposits, rising concerns about inflation in prices as depositors may funnels their money into various markets.   
The report, published on the website of the Securities and Exchange News Agency, put the total value of deposits with the 11 lenders at 9,250 trillion rials ($71 billion) by the end of calendar month to December 21.  This accounts for 45% of the total bank deposits. 
Data is based on financial reports of the banks on codal.ir, an information website created for instant official publication of corporate data and news about companies listed with Iran’s stock exchange. 

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