Iranian Banks Ignore Government Pledge, Continue Charging Late Fees Amid Economic Crisis
Despite explicit promises from the Iranian government and the Central Bank to postpone loan installments and waive late fines during wartime conditions, banks continue to penalize citizens for delayed payments. Tasnim News Agency, affiliated with the Revolutionary Guards, reported that these official support measures have largely failed to materialize, exacerbating the severe economic crisis. While the Central Bank announced that delays on facilities under 700 million Tomans would not affect credit scores between March and June 2025, banks still insist on collecting monetary fines. This discrepancy has drawn criticism from lawmakers, including Mustafa Matourzadeh of the Islamic Council’s Economic Commission, who labeled the banks' actions unacceptable. Meanwhile, citizens report skyrocketing inflation, medicine shortages, and aggressive automatic loan deductions, leading to widespread distress on social media. The situation is further aggravated by the aftermath of conflict, failed negotiations, and port blockades, creating a deep recession and unemployment surge as internet disruptions hinder economic activity.
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Iranian Banks Ignore Government Pledge, Continue Charging Late Fees Amid Economic Crisis
Despite explicit promises from the Iranian government and the Central Bank to postpone loan installments and waive late fines during wartime conditions, banks continue to penalize citizens for delayed payments. Tasnim News Agency, affiliated with the Revolutionary Guards, reported that these official support measures have largely failed to materialize, exacerbating the severe economic crisis. While the Central Bank announced that delays on facilities under 700 million Tomans would not affect credit scores between March and June 2025, banks still insist on collecting monetary fines. This discrepancy has drawn criticism from lawmakers, including Mustafa Matourzadeh of the Islamic Council’s Economic Commission, who labeled the banks' actions unacceptable. Meanwhile, citizens report skyrocketing inflation, medicine shortages, and aggressive automatic loan deductions, leading to widespread distress on social media. The situation is further aggravated by the aftermath of conflict, failed negotiations, and port blockades, creating a deep recession and unemployment surge as internet disruptions hinder economic activity.
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