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Establishment and Operations of Private Banks & Credit Institutions in Iran

Author

Listed:
  • Tayyebi Fard , Amir Hossein

    (Central Bank of the Islamic Republic of Iran)

Abstract

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.

Suggested Citation

  • Tayyebi Fard , Amir Hossein, 2009. "Establishment and Operations of Private Banks & Credit Institutions in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 5(3), pages 53-81, July.
    • Handle: RePEc:mbr:jmonec:v:5:y:2009:i:3:p:53-81
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    More about this item

    Keywords

    Private Bank; Nationalization Public Sector; Regulating;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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