Central Bank Restores Reserve Ratio to Pre-Covid Era Levels

The Central Bank of Iran said on its website Saturday it has increased banks’ reserve requirement ratio to 10-13%, after it was cut in March, to support businesses impacted by Covid-19.
According to the Money and Credit Council, the CBI determines t…

The Central Bank of Iran said on its website Saturday it has increased banks' reserve requirement ratio to 10-13%, after it was cut in March, to support businesses impacted by Covid-19. According to the Money and Credit Council, the CBI determines the reserve requirement ratio of banks. The...