VOL. XLV

No 19

13-May-2002

IRAN

CBI Governor Says State Monopoly OnCredit Allocation In Iran To End

The Governor of theCentral Bank of Iran (CBI), Mohsen Nourbakhsh, announced on 5 May that the state monopoly inthe allocation of credits in local and hard currency would come to an end. Dr Nourbakhsh, an advocate of economic liberalism, said thatcompulsory banking requirements should be minimized, adding that in line withthe objectives of the third five-year development plan, the CBI will follow a...