Last modified: 2020-12-05 by ian macdonald
Keywords: central bank of iran | bank | iran |
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image by Zoltan Horvath, 30 November 2014
The Central Bank of the Islamic Republic of Iran (CBI; Persian: بانک مرکزی
جمهوری اسلامی ايران, Bank Markazi Jomhouri Islami Iran) is the central bank of
Iran. It is entirely government owned. It was established in August 1960 (1339
solar year) and separated all central banking responsibilities from Bank Melli
Iran and assigned it to the newly formed central bank. Among its major purposes
are maintenance of the value of the national currency, balance of payments as
well as facilitating trade transactions and contributing to the economic
advancement of the country.
The Central Bank is in charge of laying and implementing monetary and credit policies of the country. Laying exchange policies and determining exchange rates are among the functions of Bank Markazi. The importation of goods, issuance of documentary credits and registration of orders for documentary bills of exchange for imports are also done in accordance with the policies of the Central Bank. As stated in the Monetary and Banking Act of Iran (MBAI), CBI is responsible for the design and implementation of the monetary and credit policies with due regard to the general economic policy of the country."
Sources: http://www.cbi.ir/page/GeneralInformation.aspx and http://en.wikipedia.org/wiki/Central_Bank_of_the_Islamic_Republic_of_Iran, http://en.wikipedia.org/wiki/Banking_and_insurance_in_Iran, http://en.wikipedia.org/wiki/List_of_banks_in_Asia#Iran,
http://en.wikipedia.org/wiki/Central_Bank_of_the_Islamic_Republic_of_Iran#Islamic_banking, and http://en.wikipedia.org/wiki/Islamic_banking.
Its flag is a light blue horizontal flag with the logo (http://www.iranwatch.org/sites/default/files/central_bank_of_the_islamic_republic_of_iran.png) in the middle in dark blue, with a dark blue fringe all around, as seen here: http://www.cbi.ir/upload/images/BankSupervision_slide.jpg (first flag from left to right) (source: http://www.cbi.ir/section/1460.aspx).
The 18 flags (http://www.cbi.ir/upload/images/BankSupervision_slide.jpg) of (almost all) institutions it supervises, comprise the following categories (Bank Melli, Saderat and Sepah are the countries' largest banks):
I drew this flag, but I can't see any dark blue fringe around the flag, it's
a golden one.
Zoltan Horvath, 30 November 2014