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Iran Credit Disarray.pdf

Disarray-of-Credit-in-Iran-Economic-Causes-and-Consequences.pdf
Preview of Iran Credit Disarray
🔗 Source: rasanah-iiis.org
📊 Size: 465 KB
👤 Author: Arabian Gulf Centre for Iranian Studies
⬇️ Downloads: 166

Summary

Iran's credit market is in disarray due to the existence of thousands of non-bank credit institutions that operate independently, without following the Central Bank's financial rules, offering high interest rates and attracting clients, despite warnings of imminent bankruptcy, leading to a crisis that worsened in 2017 with institutions like Caspian and Arman unable to repay clients, resulting in client fears, protests, and police intervention, with the parliament intervening to give the Central Bank and Minister of Economic and Financial Affairs a deadline to solve the crisis, which has squeezed economic growth and people's lives, with the study aiming to analyze the reasons behind the credit disarray and its bearing on the Iranian people and economy.

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Description

Iran's credit market is in disarray due to the existence of thousands of non-bank credit institutions that operate independently, without following the Central...

Technical Information

  • File Format: PDF
  • File Size: 465 KB
  • Pages: 11
  • Language: EN
  • Author: Arabian Gulf Centre for Iranian Studies
  • Total Downloads: 166
  • Last Updated: 1 week ago

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