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All-Out Growth in Iran Interbank Market

All-Out Growth in Interbank Market All-Out Growth in 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.

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