VOL. XLV

No 7

18-February-2002

IRAN

Irans New BankingDirection

By Jahangir Amuzegar

In the followingarticle, Jahangir Amuzegar, a distinguished economist and former member of theIMF Executive Board, reviews Irans banking developments.

Twenty-three years after Iransbanking sector was nationalized in the wake of the Islamic revolution, thefirst full-service private bank BankKarafarin received its operating license from the Central Bank of theIslamic Republic of Iran on 26 December 2001 after months...