Iranian banks

3 Oct 2016 in 10:20

Iran to prosecute almost 400 officials over high salaries

Iran’s auditors said that 397 public sector officials face prosecution over their exorbitant salaries. A report by the Audit Court found that executives at state-owned banks had earned as much as 622 million rials ($20,000) per month …

16 Feb 2016 in 12:01

Iranian banks cut annual interest rate

Iranian 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 …