BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Iran Central Bank of Iran The Central Bank of the Islamic Republic of Iran (CBI) (Persian: بانک مرکزی جمهوری اسلامی ايران, Bank Markazi Jomhouri Islami Iran) is the central bank of Iran.   It is entirely government owned. Among its major purposes are: maintenance of the value of the national currency, balance of payments as well as facilitating trade transactions and contributing to the economic advancement of the country. As stated in the Monetary and Banking Act of Iran (MBAI), CBI is responsible for the design and implementation of the monetary and credit policies with due regard to the general economic policy of the country. As banker to the government, the CBI is mandated to keep government accounts, grant loans and credits to state enterprises and agencies. The CBI also covers such functions as lending facilities to banks, purchase and sale of government participation papers as well as other legal banking operations. 4 major objectives of CBI as stated in the MBAI are:    Maintaining the value of national currency    Maintaining the equilibrium in the balance of payments    Facilitating trade-related transactions    Improving the growth potential of the country To achieve the objectives as stated in the MBAI, CBI is endowed with the responsibility of fulfilling the following functions:    Issuance of notes and coins    Supervision of banks and credit institutions    Formulation and regulation of foreign exchange policies and transactions    Regulation on gold transactions    Formulation and regulation on transactions and inflow/outflow of Domestic currency   Central Bank of Iran HQ Address: Mirdamad Blvd No.144, Tehran Republic of Iran Telephone: +98 21 2995 4855 Facsimile: +98 21 2995 4780 Website: www.cbi.ir Email: G.SecDept@cbi.ir Currency: Iranian Rial Banking Hours: Sunday - Wednesday :  8.00am - 4.00pm                Thursday    :  8.00am - 12.00pm   Like other Central Banks in the world, the functions of Central Bank of the Islamic Republic of Iran include providing banking services to the Government of Islamic Republic of Iran and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. Only notes and coins issued by the Central Bank shall be legal tender in Islamic Republic of Iran.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved