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Iranian Banks Urged to Help Control Liquidity

Banks Urged to Help Control LiquidityBanks Urged to Help Control Liquidity

Governor of the Central Bank of Iran Abdolnasser Hemmati late Monday met with chief executives of banks and credit institutions to evaluate the country’s monetary and banking developments and discuss the reformative role of banks in creating market stability.
According to the official news website of the central bank, the head of the monetary regulator mostly wished to secure the cooperation of banking system to curb the rampant rise of liquidity and support private businesses. 
Banks were also called upon to assist the central bank in handling the ongoing currency crisis that has seen Iran’s rial lose more than two-thirds of its value in the past six months.

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