VOL. XLV

No 20

20-May-2002

IRAN

Iran ToMerge Foreign Branches Of Iranian Banks

The Iranian Ministerof Economic Affairs and Finance, Tahmasb Mazaheri, has announced that more than 100 foreign branchesof Iranian banks abroad will be merged, including those in Germany,which he recently visited. Branches of Iranian banks in Britainhave already been merged under a policy of carrying out the strategic reform ofIran痴banking system. In March Mr Mazaheriwas also quoted as saying that over 1,000 credit...