It is impossible for banks to lower the rates of interest on mobilized loans and bank loans as inflation rate remains at 15-17 percent, sending the consumer price index (CPI) soaring.
The right to keep gold as an asset will be secured for all citizens even when the government tightens control over gold trading in the country, a central bank official says.
The National Finance Supervision Council has reassured the public by affirming that there will be no need to adjust the exchange rate further until the end of the year.
The dollar price increase has made real estate investors anxious and real estate developers worried sick. Meanwhile, the house prices are predicted to increase sharply in 2011.