US EditionUnauthorized Bank Profits in Iran and Massive Losses
Summary by Iran Focus
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Unauthorized Bank Profits in Iran and Massive Losses
The drop in currency and gold prices since mid-April, coupled with high volatility in cryptocurrency markets and an inflation rate that Iran’s Statistical Center has announced to be over 39%, has once again drawn the attention of depositors—both large and small—toward bank deposits as a risk-free investment option. Amid this, the fierce and troubling competition among banks to attract public deposits by promising interest rates above the legal l…
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