VOL. XLIII

No. 17

24-April-2000

IRAN

Iranian Parliament Allows Private Banking

The Governor of the Central Bank of Iran, Mohsen Nourbakhsh, said on 10 April that private banking will be allowed in the country for the first time since the 1979 revolution, but noted that at present the new regulations would not apply to foreigners. The third five-year development plan (2000-2005), whose implementation has just started, envisages extensive measures to liberalize and streamline the state-dominated...