Gov’t Reform Agenda Targets Banking Sector

The Raisi administration has prepared a plan of action in which reforming the banking sector is a key priority. 
In the plan published in the local media, the government of President Ebrahim Raisi said the reform plan is expected to result in “complete realization of the Islamic banking system, a stronger national currency, less inflation and a significant reduction in bank debt to the central bank.” 
In enforcing the reform agenda, banks are expected to diversify financing methods, restore discipline to lending practices and ease manufactures and households access to banking resources (loans and credits) on the basis of “equality and justice.”