Central Bank of the Islamic Republic of Iran

Central Bank Of The Islamic Republic Of Iran

Company
Company Less

Central Bank of the Islamic Republic of Iran

to get instant updates about 'Central Bank Of The Islamic Republic Of Iran' on your MyPage. Meet other similar minded people. Its Free!

X 

All Updates


Description:
The Central Bank of the Islamic Republic of Iran (CBI) (, Bank Markazi Jomhouri Islami Iran) is the central bank of Iran. It is entirely government owned.

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. It is a member central bank of the Asian Clearing Union.

History



During the Achaemenid era, trade boomed and subsequently banking operation expanded to an extent that Iranians managed to learn the banking method from the people of Babylon.

The first attempt at introducing paper currency in Iran occurred during the Mongol Ilkhanate of the 13th century CE. The innovation, developed in Song Dynasty China, did not take hold in Iran, and paper currency did not return to Iran in any significant manner for several centuries.Patrick Clawson.......
Read More

No feeds found

All
Posting your question. Please wait!...


About

Company
No messages found
Suggested Pages
Tell your friends >
about this page
 Create a new Page
for companies, colleges, celebrities or anything you like.Get updates on MyPage.
Create a new Page
 Find your friends
  Find friends on MyPage from