By a vote of 141-93, the Iranian parliament, Majlis, today rejected a motion to impeach Minister of Economic Affairs and Finance Shamseddin Hosseini. Despite anger over a recent $2.8 billion banking scandal, Mr. Hosseini could survive. President Ahmadinejad told the MPs before their votes that impeaching Hosseini would be a setback for iran’s efforts to fight international sanctions.
Showing posts with label Bank rates. Show all posts
Showing posts with label Bank rates. Show all posts
Tuesday, November 1, 2011
Economy Minister Survives Impeachment Vote
Wednesday, March 30, 2011
CBI Sets Bank Rates
The Central Bank of Iran (CBI) has set the bank interest rates for the new calendar year 1390. The commercial banks follow CBI’s published rates.
- Rate with 3 months maturity: 6%
- Rate with 9 months maturity: 8%
- Rate with 12 months maturity: 10%
- Maximum rate: 15%
- Mortgage rate for a maximum loan of $25,000: 11%
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