Interbank Rate Declines Further 

Interbank rates declined further last week after recently bucking a four-month rising trend, indicating the regulator’s intervention to control rates was effective. 
The rate dropped below 21% and stood at 20.64%, down from 21.13% on Saturday, the Central Bank of Iran reported. 
It notched 14 consecutive rises to reach 21.31% on July 23 -- the highest in 18 months.