EghtesadOnline: Money and Credit Council, a top financial decision-making body with the Central Bank of Iran, has approved rules to manage liquidity risk in banks and credit institutions.

EghtesadOnline: Declaring that banks have now reduced the interest on their deposits, Minister of Finance and Economic Affairs Masoud Karbasian announced that the Money and Credit Council will pursue lowering of lending rates, though there has been no discussion over the issue yet.

EghtesadOnline: For making Iranian financial institutions conform to international standards, Money and Credit Council–a top monetary decision-making body–has approved a directive that requires banks to implement compliance risk standards.

EghtesadOnline: President Hassan Rouhani appointed his deputy for economic affairs, Mohammad Nahavandian, and his special aide for economic affairs, Masoud Nili, as new members of the Money and Credit Council on Monday.

EghtesadOnline: The Economic Office at the Central Bank of Iran has briefed the Money and Credit Council on the latest economic developments in MCC’s most recent meeting late Tuesday.