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CBI Supervisory Leverage Gets a Push

CBI Supervisory Leverage Gets a Push   CBI Supervisory Leverage Gets a Push

Establishing a supervisory body within the Central Bank of Iran is a significant aspect of the new banking reform bill, says the head of the Majlis Economic Commission. 
Mohammad Reza Pour-Ebrahimi said the CBI had lacked effective supervisory leverage and was not authorized to oversee monetary and foreign exchange markets in their entirety. 
In the new bill, the CBI is given expanded supervisory clout over financial and monetary affairs --  a move which the MP says is drawn on the experience of developed nations.  
In addition, he said, CBI relations with government bodies are outlined in the bill which should help CBI function independent of the government. 

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