Middle East Economic Survey


No 51-52



Majlis Approves Bill For Establishment Of Foreign Banks

Majlis Economic Committee spokesman Mohammad Reza Khabbaz told IRNA on 13 December that the parliament has approved a bill that setting out of rules for the establishment of foreign banks in Iran. The legislation is expected to take a minimum of two weeks to be fully approved by government, and is a result of the amendment of Article 44 of the constitution allowing for the...