Deputy Governor of Central Bank: Controlling liquidity, managing expectations, and strengthening production are the path to curb inflation
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Tehran - IRNA - The Minister of Economy stated regarding bank deposit interest rates: The interest rate on long-term deposits, which signals inflation, should not be high under any circumstances, but the interest rate on short-term deposits should be higher than that on long-term deposits to have the power to attract liquidity in the short term.
Jun 21, 09:45 AM
Although the increase in housing prices in Tehran is not a new topic, reviewing the advertisements published in districts one to three shows that the value of some properties has reached a level where the price per square meter has exceeded one billion tomans.
Jun 21, 09:30 AM
Following correspondence from the deputy head of the Judiciary of Tehran province with the heads of judicial courts in the province, five legal and judicial facilities were announced to support industrial and production units affected by the war. One of the most important measures is the extension of bank guarantees until the resumption of production, subject to approval by the Ministry of Industry and Trade.
Jun 21, 09:13 AM
The Governor of the Central Bank announced the storage of 4.5 billion dollars of currency for essential goods and the start of implementing a unified exchange rate policy, and stated: Iran's financial resources will gradually be released, all belonging to the Central Bank; therefore, the decision on how to use them rests with the Central Bank. Additionally, new resources resulting from oil exports and increased non-oil exports will also be realized.
Jun 21, 08:32 AM
The Minister of Economy said: $12 billion of Iran's foreign currency resources will be released, and the administrative and banking procedures for this are underway.
Jun 21, 08:10 AM