Economy, Business And Markets

Capital Increase

Capital IncreaseCapital Increase

The Cabinet in a meeting on Wednesday agreed to increase the Central Bank of Iran’s capital by 5 trillion rials ($165.5 million) from the bank’s contingency reserves. CBI capital will reach 48.4 trillion rials ($1.6 billion) from the previous 43.4 trillion rials ($1.4 billion), eghtesadnews website reported. The bank also raised its capital by 6.4 trillion rials ($211.9 million) last year.