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Iranian Bank Debts to CBI Rising at Alarming Rate

Iranian Bank Debts to CBI Rising at Alarming Rate  Iranian Bank Debts to CBI Rising at Alarming Rate

Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a major factor behind the bulging liquidity and the galloping inflation. 
CBI data shows the money owed by banks to the regulator during the calendar month ending August 22 totaled 1.48 quadrillion rials ($10.48 billion), registering an increase of 34.8% compared to last year’s corresponding month and up 12.7% compared to the last month of the past fiscal that ended in March

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