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Iran's CB Rules to Increase Lending Transparency
The Central Bank of Iran announced new rules on Sunday based on which banks and credit institutions are required to provide borrowers with access to lending contracts and changes thereto via electronic platforms.
Lenders have until next May to develop electronic platforms to launch e-platforms and develop existing ones.
According to a press statement seen on the CBI website, the platforms must enable borrowers’ full access to loan contract data.
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