EghtesadOnline: The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply, the bank’s governor said.

EghtesadOnline: Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit ( CD ) at interest rates higher than the current ceiling, reinforcing months-long speculations that the regulator will raise interest rates.