Justice Shares Turn Into Collateral for Credit Cards

Banks will start issuing credit cards to owners of the so-called Justice Shares in the coming week, head of the Central Security Depository of Iran (CDSI) said.   
The shares are to be used as collateral and the amount of credit will be 60% of the share portfolio, Hussein Fahimi said, IBENA reported.   
Justice Shares are shares of government-owned companies that were given free to the six lowest income deciles almost a decade ago. Shareholders were not allowed to sell the shares until last May.