Business And Markets

Government to Boost CBI Capital

Government to Boost CBI Capital
Government to Boost CBI Capital

The First Vice-President Mohammad Mokhber at the weekend announced the Cabinet's decision to boost the capital of the Central Bank of Iran by 28.748 trillion rials ($70.8 million) from the bank’s contingency reserves.
CBI’s capital should reach 98.143 trillion rials ($241.7m) from the previous 69.395 trillion rials ($170.9 million), IBENA reported. 
The measure was approved earlier at the CBI's annual board meeting in November in the presence of President Ebrahim Raisi. 
Raisi had instructed the CBI and commercial lenders to concentrate on streamlining regulations, improve lending and financial discipline, facilitate interaction with other countries and enhance investment.


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