A total of 38,101 deals worth more than 64.05 quadrillion rials ($1.51 trillion) were conducted in Iran's interbank market during the previous fiscal year that ended on March 20, 2018, the Central Bank of Iran's data showed.
The report published by CBI on its website said deals were conducted with interest rates ranging from 16-25% and an overall average of 18.69%.
This is while 31,403 interbank deals worth more than 30.95 quadrillion rials ($726.01 billion) were registered during the whole of the fiscal 2016-17, indicating that the value of deals in the growing market experienced a year-on-year surge of 106.92%. The number of deals conducted between lenders also grew by 21.33%.
July 02, 2018 19:31
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Iran Interbank Market Worth $1.5 Trillion in 2017-18
31,403 interbank deals worth more than 30.95 quadrillion rials ($726.01 billion) were registered during the fiscal 2016-17, indicating that the value of deals in the growing market experienced a year-on-year surge of 106.92%
State-owned banks grabbed the lion’s share of interbank deals at 61.99% with an average interest rate of 18.46%
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