The central bank became responsible for the establishment of Islamic banking

According to Iran Economist, the members of the Islamic Council, in a public meeting today (Sunday), reviewed the second report of the Economic Commission on the banking plan of the Islamic Republic of Iran and approved Article 3 of this plan.

According to Article 3 of this plan,

A) The central bank is responsible for establishing Islamic banking and establishing fair relations in the monetary and banking sector of the country’s economy within the framework of the laws. The

b) The central bank must achieve the following goals:
1. controlling inflation and stabilizing the general level of prices;
2. stability and health of the banking network and other “supervised persons”;
3. supporting economic growth and employment;
4. Support the value of the national currency.
5. Improving the value of the national currency.