Interbank Rates Abating

The interbank interest rate declined for the second straight week after reaching the one-year high of 21.11% on Dec. 30.  
Stepping back from the recent highs, the interbank rate declined to 20.5% this week   -- the lowest since Oct. 28, according to Central Bank of Iran data.
Interbank rates are interest charged on short-term lending between banks. Banks borrow money from each other to ensure that they have enough liquidity for immediate needs, or lend money when they have excess cash on hand.