KIAN DEBT MARKET OBSERVER | Dec 8th – Dec 12th

To put a restriction on deposit interest rates by CBI

  • During the past week, YTM of Kian Fixed Income Index extended its decrease and fell significantly by 1% to stamp 23.09% on the index.
  • The head of CBI announced that, banks are not allowed to pay +20% interest to depositors in any kind. He added, the approved deposit interest rate based on Money and Credit Council is equal to 15% for an one year deposit.
  • According to request of Minister of Health, the first vice president has agreed upon considering the loss generated from trading fixed income bonds in discount as a tax deductive expense.
  • Iran Fara Bourse trading core came with fault on December 11, and for that matter by the announcement of IFB’s CEO, all of the fixed income bonds’ trades were canceled for this day.

 

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