Bank Markazi Iran
From Wikipedia, the free encyclopedia
Bank Markazi Iran or Bank Markazi Jomhouri Islami Iran (Persian: بانک مرکزی جمهوری اسلامی ايران) is the Central bank of Iran.
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[edit] History
The Ilkhanate were one of the rulers of Iran that tried to introduce paper currency in Iran in the late 13th century, without success.[1]
In modern banking, the British first opened the Imperial Bank of Persia in 1889, with offices in all major cities of Persia, including India. To compete with the bank of Britain, Imperial Russia also opened the Russian Loan and Development Bank.[2]
The Central Bank of Iran is State owned and was established in 1927 by Reza Shah [3]with the primary objective to maintain the value of Iran's national currency (rial and toman).
[edit] Objectives
The objectives of the Iranian Central Bank are as follows:
- Maintaining the value of national currency
- Maintaining the equilibrium in the balance of payments
- Facilitating trade-related transactions
- Improving the growth potential of the country
[edit] References
- ^ Patrick Clawson. Eternal Iran. Palgrave. 2005. Coauthored with Michael Rubin. ISBN 1-4039-6276-6 p.168
- ^ Patrick Clawson. Eternal Iran. Palgrave. 2005. Coauthored with Michael Rubin. ISBN 1-4039-6276-6 p.41
- ^ Patrick Clawson. Eternal Iran. Palgrave. 2005. Coauthored with Michael Rubin. ISBN 1-4039-6276-6 p.55
[edit] See also
[edit] Links
- (Persian) (English) Central Bank of the Islamic Republic of Iran
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