The Central Bank of the Islamic Republic of Iran was established in August 1960 through the reorganization of central banking functions previously carried out by Bank Melli Iran. Headquartered in the CBI Tower, also known as the Bank Markazi Tower, in Tehran, it holds the exclusive right to issue Iran's banknotes and coinage, works to maintain the value of the Iranian rial, supervises banks and credit institutions, serves as custodian of the country's foreign exchange and gold reserves, and represents Iran at the International Monetary Fund.
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.
View At A Past Year
The atlas records no dated fact of its own for this entry, so there is no other year to choose.