Economy, Business And Markets

CBI, Sole Regulator

CBI, Sole RegulatorCBI, Sole Regulator

The Central Bank of Iran announced on Wednesday it is the sole authorized body to release information about banks and financial and credit institutions. Reacting to statements made by some lawmakers and analysts in the media regarding the recent closure of a credit and financial institution and another private bank, the CBI announced it is the single legal entity tasked with dissolving banks and credit institutions in the Islamic Republic and that it will declare related news in due time after the legal measures are fully taken. Rejecting the comments made by some pundits about banks and credit institutions, the CBI asked the media to avoid publishing false information. The bank also called on the start-up financial institutions to comply with the regulations set by the central bank.