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J. Mon. Ec. 2009, 5(3): 53-81 Back to browse issues page
Establishment and Operations of Private Banks & Credit Institutions in Iran
Amir Hossein Tayyebi Fard
Legal Expert of the Central Bank of the I.R. of Iran and Official English Translator to the Judiciary.
Abstract:   (2343 Views)

After the revolution of 1979, all of the private banks existing in Iran were nationalized and the economic system was based on public, cooperative and private sectors and banking operations were categorized in public sector. Consequently, private sector and foreign banks were bared from doing banking operations in Iran. According to the recent laws and regulations passed in Iran, the Iranian private sector have been permitted to do banking operations in Iranian mainland and foreigners have been allowed to do so in Iranian free zones.

With regard to the importance of the subject, the regulations prevailing in Iranian mainland and free zones shall be examined.

JEL: G21, G38, H42

Keywords: Private Bank, Nationalization Public Sector, Regulating
Full-Text [PDF 274 kb]   (646 Downloads)    
Type of Study: Research | Subject: Monetary Economics
Received: 2014/04/21 | Accepted: 2014/04/21 | Published: 2014/04/21
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Tayyebi Fard A H. Establishment and Operations of Private Banks & Credit Institutions in Iran. J. Mon. Ec.. 2009; 5 (3) :53-81
URL: http://jme.mbri.ac.ir/article-1-43-en.html


Volume 5, Issue 3 (Summer 2009) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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