👉 The admitted IOR, or International Ordinary Rate, is the interest rate that banks are required to pay on deposits held by foreign investors in a country's banking system. This rate serves as a benchmark for the cost of holding funds domestically and influences how banks manage their foreign exchange reserves. The IOR is typically set by regulatory bodies and can fluctuate based on economic conditions, monetary policy, and market demand. It plays a crucial role in international finance, affecting cross-border investments and the stability of a country's currency.
