74991
Initiative to Stem Shadow Banks’ Growth
Economy, Business And Markets

Initiative to Stem Shadow Banks’ Growth

President Hassan Rouhani has approved a bilateral initiative between the Central Bank of Iran and the Interior Ministry, which will grant the necessary authority to the two entities to prevent the formation of more illegal credit institutions in the future, a deputy interior minister said. “The guidelines for the two bodies will be devised for the continuous supervision over the activities of all banks and credit institutions in the country and to prevent the activities of any illegal financial institutions,” Babak Dinparast was also quoted as saying by IBENA. According to the official, provincial governors are now reviewing the guidelines and as soon as that is done, an initial draft will be jointly signed with CBI to be approved by the president.

 

Short URL : https://goo.gl/ar6Gxz
  1. https://goo.gl/ZxYfjY
  • https://goo.gl/fgp7ib
  • https://goo.gl/wqKcNs
  • https://goo.gl/MKuKom
  • https://goo.gl/ZEwZBo

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus