Iranian bank debts at alarming rate: report
TEHRAN, Oct. 20 (Xinhua) -- Debts of Iranian banks to the Central Bank of Iran (CBI) have been rising at an alarming rate in recent years, Eghtesadonline news website reported on Saturday. The issue has become a major challenge for the Iranian banking system as the unpaid debts posed a major cause behind the bulging liquidity and the galloping inflation. The debts by the calendar month ending on Aug. 22 totaled 10.48 billion U.S. dollars, registering an increase of 34.8 percent compared with last year's corresponding month, CBI data showed. ...
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