Iranian banks cut annual interest rate
Read on the website Vestnik KavkazaIranian banks have agreed to reduce the annual interest rate by 2% to 18%, thus the daily interest rate will fall below 10%.
It is worth noting that in recent years the interest rate in Iran has grown, as inflation in the country was at its highest level. Before President Hassan Rouhani took office in 2013, inflation was 40%, Trend reports.