Iran: Bank Service Cost Reforms Coming

With a new person in charge of the IT department of Iran’s central bank, long-awaited reforms in bank service fees will be announced in the near future as part of a broader banking reform package. 
Governor of the Central Bank of Iran Abdolnasser Hemmati called on the new vice governor for innovative technologies, Mehran Moharamian, on Thursday to step up efforts for reforms in the flawed bank fee system. 
“The vice governor is expected to correct the fee regime, boost supervision over electronic payment companies and promote core banking system,” Hemmati said at a farewell ceremony for the former vice governor Nasser Hakimi.