Establishment and Operations of Private Banks & Credit Institutions in Iran

Amir Hossein Tayyebi Fard
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Amir Hossein Tayyebi Fard : Central Bank of the Islamic Republic of Iran

Journal of Money and Economy, 2009, vol. 5, issue 3, 53-81

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.

Keywords: Private Bank; Nationalization Public Sector; Regulating (search for similar items in EconPapers)
JEL-codes: G21 G38 H42 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:5:y:2009:i:3:p:53-81

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