Economy Minister Joins Chorus Opposing Proposed Banking Bill

The Economy Minister Farhad Dejpasand has joined the increasing number of economists and bankers censuring the banking bill being debated in the Majlis.
He was speaking at a meeting to examine flaws in the “Central Bank Bill”, the outlines of which were approved in the chamber as part of comprehensive banking legislation. The bill calls for structural reforms in the Central Bank of Iran and in its upper echelons.
Unlike what lawmakers claim about the potential of the bill in increasing the CBI’s independence, officials at the meeting believe otherwise.
They say the new law will allow unwanted intervention of irrelevant bodies in banking affairs. The law may also breach the law on separation of powers as it proposes that the three branches(executive, legislature and judiciary) intervene in CBI affairs,  which obviously would erode not enhance its independence.