83718
All-Out Growth in Interbank Market
All-Out Growth in Interbank Market
Saturday, March 17, 2018

All-Out Growth in Iran Interbank Market

Saturday, March 17, 2018

All-Out Growth in Iran Interbank Market

The Central Bank of Iran has released its latest data on the country's interbank market, indicating that it has registered growth both in terms of the number and value of deals.
According to the report published on its official website, 34,859 deals were made between banks and credit institutions during the first 11 months of the current fiscal year to Feb. 19 while the average daily value of all deals stood at 207 trillion rials ($4.25 billion). 
With the total of 29,091 interbank deals with an average daily value of 110 trillion rials ($2.26 billion) registered during the same period of last year, the average number and value of deals this year have grown 19.8 and 88.2% respectively.
This is while the number of active players in the interbank market was 31 banks and credit institutions in the 11 months of last fiscal year and 30 in the same period of the current fiscal.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/eXbmNo
03/17/2018
  1. https://goo.gl/HJgQkv
  • https://goo.gl/mM74N3
  • https://goo.gl/HzFsLR
  • https://goo.gl/fpJUVw
  • https://goo.gl/JfYNqe

You can also read ...

Stadler Rail’s business with Iran is worth billions of Swiss francs.
In early March, the Swiss Embassy in Tehran gladly announced a...
Grab Clinches Deal With HSBC
Ride-hailing startup Grab has secured a $370 million five-year...
Iran to Increase Exports to US Despite Sanctions
A senior Iranian trade official has announced that the country...
Audi CEO Arrested Over Diesel Scandal
Audi CEO Rupert Stadler was arrested in Munich on Monday in...
Trends in Housing Sales, Rents
The Statistical Center of Iran has presented crucial data...
Iran Proposes to Set Up IMO Offices in West Asia
The Ports and Maritime Organization of Iran has announced its...
Gov’t Limits  Forex Supply  to Importers
The government has curbed the allocation of foreign currency...
Over 2.55 billion shares worth $169.2 million were traded at TSE on June 18.
Tehran stocks showed no signs of backing down on their rally,...

Add new comment

Trending

Googleplus