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SEO - CBI Joint Committee

The Iranian Minister of Economic Affairs and Finance and the Governor of the Central Bank of Islamic Republic of Iran (CBI) emphasized setting up a joint committee between the SEO and the CBI.

 

The Iranian Minister of Economic Affairs and Finance and the Governor of the Central Bank of Islamic Republic of Iran (CBI) emphasized setting up a joint committee between the SEO and the CBI.

This Committee works jointly to further coordinate monetary and capital market policies.

This Committee will focus, but not limited to, on the important and common issues as follow:

-          Removing current restrictions in the field of activity of financial institutions, especially investment banks,

-          Enhancing the country’s financial system and instructions for investing in securities approved by the CBI’s “Credit and Monetary Council”,

-          Reviewing and amending the regulations governing bank guarantees regarding the guarantees at a rate of more than 18%,

-          Determining and announcing the exchange rate of banks in coordination with Iranian National Tax Administration,

-          Increase transparency in banks / government dealings, and

-          Establishment of a single portal between the CBI, the SEO, and the Companies Registration Office.