Banking reserves Banking and insurance in Iran
the ratios of banks legal reserves in central bank in 2009 follows:
current deposit: 20 percent
interest-free-loan deposit: 10 percent
short-term deposit: 17 percent
one-year deposit: 17 percent
two- , three-year deposit: 15 percent
four-year deposit: 13 percent
five-year deposit: 11 percent
other deposits: 20 percent
according article 14 of monetary , banking law of iran, cbi authorized determine reserve requirement ratio within 10 30 percent depending on banks’ liabilities’ composition , field of activity.
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