Central Bank of Iran

The Central Bank of Iran is the cornerstone of the country’s financial framework, tasked with managing the Iranian rial, controlling inflation, and steering economic policy amid a complex and evolving economic landscape. It regulates the monetary supply, oversees the operations of commercial banks, and manages foreign exchange reserves through a suite of instruments that balance domestic economic priorities with international pressures. Confronted with challenges such as economic sanctions and market volatility, the bank has implemented innovative measures and modernisation initiatives to safeguard the integrity of the financial system. This includes embracing digital payment technologies and enhancing cybersecurity protocols to secure transactions and improve operational efficiency. Transparency and accountability remain central to its mandate, with the institution regularly issuing detailed economic reports, policy updates, and performance reviews to inform stakeholders and build public confidence. Collaborative efforts with other national agencies and international financial bodies further enable the Central Bank of Iran to align its regulatory practices with global best standards while addressing domestic challenges. In parallel, initiatives focused on promoting financial inclusion help extend banking services to a broader spectrum of the population, contributing to sustainable economic participation. Through a judicious blend of traditional monetary management and forward-looking reforms, the Central Bank of Iran plays a crucial role in maintaining macroeconomic stability and charting a course towards long-term prosperity despite considerable external pressures.