76777
No Banking Fees for Gov’t Accounts
No Banking Fees for Gov’t Accounts

No Banking Fees for Gov’t Accounts

No Banking Fees for Gov’t Accounts

Any attempt by Iranian banking system to receive fees for providing services to government-owned accounts lacks any legality, according to a letter forwarded by the Department of Financial Supervision and Treasury Affairs at the Ministry of Economic and Finance Affairs. “In implementing the regulations notified to agent banks by the Central Bank of Iran as per the monetary and banking laws of the country, fees for any banking services rendered by lenders must be strictly authorized by the central bank,” reads the missive reported by Mehr News Agency. The rates of fees are to be determined by the central bank and would have to be approved by the decision-making body, the Money and Credit Council.

 

Short URL : https://goo.gl/9a56gf
  1. https://goo.gl/LjvPdp
  • https://goo.gl/bt29cZ
  • https://goo.gl/h87cai
  • https://goo.gl/MGDjRm
  • https://goo.gl/i8tKx4

You can also read ...

Forex Rates Decline Continues in Tehran Market
The currency market in Tehran stabilized further on  Sunday...
Trump Tactic to Sanction Swift May Not Work
The Trump administration abandoned the Iran nuclear deal this...
Iran's 9-Month Trade With China Grows 1.8% to $29b
China remains the top customer of Iran’s oil and non-oil goods...
36% Rise in Iran's Cigarette Tax Revenues
The government earned 2.5 trillion rials ($17.48 million) from...
Snapshot of Iran's Nomadic Economy
The findings of the recent National Population and Housing...
Iran H1 Steel Exports Top 3.5m Tons
Major Iranian steelmakers exported a total of 3.51 million...
Czech Republic Looking to Strengthen Iran Business Ties
High-level private sector officials of Iran and the Czech...
Q1 Production Index Signals Lackluster Industrial Performance
Iran's major industries staged a relatively weak performance...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus