The Central Bank of the Islamic Republic of Iran (CBI) (Persian: بانک مرکزی جمهوری اسلامی ايران, Bank Markazi Jomhouri Islami Iran) is the central bank of Iran. It is entirely government owned. Among its major purposes are: maintenance of the value of the national currency, balance of payments as well as facilitating trade transactions and contributing to the economic advancement of the country.
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.
Read more about Central Bank Of The Islamic Republic Of Iran: History, Money and Credit Council, Governors of The Central Bank of Iran, Objectives and Functions, Islamic Banking, Payment Systems, Anti-money Laundering Law, Key Statistics, Inflation and Monetary Policy, Central Bank Balance Sheet, Foreign Relations, Significant Buildings, Contacts
Famous quotes containing the words central, bank, republic and/or iran:
“Et in Arcadia ego.
[I too am in Arcadia.]”
—Anonymous, Anonymous.
Tomb inscription, appearing in classical paintings by Guercino and Poussin, among others. The words probably mean that even the most ideal earthly lives are mortal. Arcadia, a mountainous region in the central Peloponnese, Greece, was the rustic abode of Pan, depicted in literature and art as a land of innocence and ease, and was the title of Sir Philip Sidney’s pastoral romance (1590)
“We bank over Boston. I am safe. I put on my hat.
I am almost someone going home. The story has ended.”
—Anne Sexton (1928–1974)
“Jean Jacques Rousseau ... is nothing but a fool in my eyes when he takes it upon himself to criticise society; he did not understand it, and approached it with the heart of an upstart flunkey.... For all his preaching a Republic and the overthrow of monarchical titles, the upstart is mad with joy if a Duke alters the course of his after-dinner stroll to accompany one of his friends.”
—Stendhal [Marie Henri Beyle] (1783–1842)
“During my administration the most unpleasant and perhaps most dramatic negotiations in which we participated were with the various leaders of Iran after the seizure of American hostages in November 1979. The Algerians were finally chosen as the only intermediaries who were considered trustworthy both by me and the Ayatollah Khomeini. After many aborted efforts, final success was achieved during my last few hours in the White House.”
—Jimmy Carter (James Earl Carter, Jr.)