Central Bank of Iran Demands Lenders Raise Capital

Governor of the Central Bank of Iran has sent a directive to banks and credit institutions asking them to come up with a plan to improve their capital adequacy ratio. 
Abdolnasser Hemmati said that "banks and credit institutions, due to their differing nature and distinct status in the economy, are often exposed to risks." 
He reminded bankers that their CARs would provide them with enough capital and resources to enable them continue their work