Central Bank of The Islamic Republic of Iran - Objectives and Functions

Objectives and Functions

See also: Economy of Iran, Iranian rial, and Foreign direct investment in Iran

The objectives of the Central Bank of the Islamic Republic of Iran as per its charter and according to section 10 of the Monetary and Banking Law of Iran (MBAI) are as follows:

  • Maintaining the value of national currency
  • Maintaining the equilibrium in the balance of payments
  • Facilitating trade-related financial transactions
  • Improving the economic growth potential of the country

To achieve the objectives as stated in the MBAI, CBI is endowed with the responsibility of fulfilling the following functions:

  • Issuance of notes and coins
  • Supervision of banks and credit institutions
  • Formulation and regulation of foreign exchange policies and transactions
  • Regulation on gold transactions
  • Formulation and regulation on transactions and inflow/outflow of Domestic currency

Read more about this topic:  Central Bank Of The Islamic Republic Of Iran

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