Economy, Business And Markets

Provincial State Account Transfer Underway

Provincial State Account Transfer UnderwayProvincial State Account Transfer Underway

In continuation of the initiative to transfer the bank accounts of state-owned enterprises to the Central Bank of Iran with the aim of boosting transparency, income accounts in provinces other than Tehran will be moved during the next fiscal year (starting March 21).
According to Masoud Rahimi, director of CBI’s Office for Banknote Issuance, some 40,000 such accounts in the provinces will be moved to CBI as per an agreement with the Ministry of Economic Affairs and Finance.
“Implementing this law is of utmost importance to the government and the country because it improves transparency, corporate and financial health and public beneficiaries,” he also told IBENA.


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