cheka.
18th September 2015, 07:31 PM
steadily giving ground to the nyc/dc bloodthirsty money junkies
with this new peace deal that the duals and their neocons are SCREAMING about, iran likely handed over the keys to their bank to nyc. why else would nyc/dc occupied satanists make such a deal?
a big (central bank?) part of iran has fallen to nyc
https://en.wikipedia.org/wiki/Banking_and_insurance_in_Iran
Since 2001 the Iranian Government has moved toward liberalising the banking sector, although progress has been slow. In 1994 Bank Markazi (the central bank) authorised the creation of private credit institutions, and in 1998 authorised foreign banks (many of whom had already established representative offices in Tehran) to offer full banking services in Iran's free-trade zones.
The central bank sought to follow this with the recapitalisation and partial privatisation of the existing commercial banks, seeking to liberalise the sector and encourage the development of a more competitive and efficient industry.
The government began to privatize the banking sector in 2001 when licenses were issued to two new privately owned banks.
Since 2009, Iran has been developing an over-the-counter (OTC) market for bonds and equities called Farabourse.
An important development for the Iranian capital markets was the opening of a fixed income market for the first time in 2009 with the issuance of term deposit certicates (traded OTC).
Foreign banks
See also: Central Bank of Iran, Foreign portfolio investment in Iran, Foreign Direct Investment in Iran, Islamic Development Bank and World Bank
According to CBI, 5 offices of foreign banks[84] (as of May 2012) operate in Tehran and Kish free trade zone.
Article 44 (fifth clause) of the Iranian Constitution Law had heretofore placed banking activities exclusively in the hands of government. In tandem with the Law on Usury Free Banking Operations, these two measures effectively blocked foreign banking operations from conducting business in mainland Iran. In 2009 the Constitution was to be amended to allow foreign banks to operate normally in mainland Iran.[85]
As of 2015, there is no limitation for the activities of foreign banks in Iranian free economic zones. They may also open branches and representative offices in mainland or hold 40% shares of an independent unit
In 2010, the Iranian government lifted a cap on the percentage of shares in Iranian banks that can be owned by a foreign individual or company. The original law, which applied to both Iranians and foreigners, restricted the amount of shares in a bank that a single company could own to 10 percent and an individual to 5 percent. Iranian ownership of banks is still subject to the limits.[89]
According to the new rules, only the Iranian government has the authority to form joint banks with foreign entities.[90] Foreign entities can now hold over ten percent of the shares in joint banks with Iran but their shares cannot exceed more than 49 percent.[91] Under the same provisions, foreign individuals and entities that have at least 51 percent Iranian ownership shall be considered Iranian companies.[90]
Mainland activities
For the first time since the 1979 Islamic Revolution, Iran is set to allow foreign banks to establish branches in the country and engage in normal banking operations.[87]
In 2008, Bank Markazi (the central bank) formally officiated over the opening of Iran's first foreign bank branch in the capital, Tehran. The Iran-Europe Commercial Bank, which is registered in Hamburg, Germany, but is majority owned by the Bank of Industry and Mines of Iran. The second foreign bank to be created in Iran was the joint Iranian-Venezuelan bank. As of 2010, similar projects exist with countries such as Russia, Belarus and Egypt.[92][93][94]
In 2009, four US banks, including Citibank and Goldman Sachs applied for opening a branch in Iran. The banks made a formal request to the Central Bank of Iran (CBI) to establish a branch. If the Majlis and CBI approve their request, these four banks will set up a temporary branch in an Iranian free trade zone. And if they can work according to the Iranian banking law (i.e. usury-free banking), they will also be allowed to open branches in Tehran and other cities.[95][96]
Foreign banks could operate in Iran's free trade zone areas for many years and there are currently three such banks on Iran's Kish Island in the Persian Gulf. Iran’s Majlis (parliament) has ratified the bill for the establishment of domestic-foreign joint banks and insurance companies in free trade zones.
with this new peace deal that the duals and their neocons are SCREAMING about, iran likely handed over the keys to their bank to nyc. why else would nyc/dc occupied satanists make such a deal?
a big (central bank?) part of iran has fallen to nyc
https://en.wikipedia.org/wiki/Banking_and_insurance_in_Iran
Since 2001 the Iranian Government has moved toward liberalising the banking sector, although progress has been slow. In 1994 Bank Markazi (the central bank) authorised the creation of private credit institutions, and in 1998 authorised foreign banks (many of whom had already established representative offices in Tehran) to offer full banking services in Iran's free-trade zones.
The central bank sought to follow this with the recapitalisation and partial privatisation of the existing commercial banks, seeking to liberalise the sector and encourage the development of a more competitive and efficient industry.
The government began to privatize the banking sector in 2001 when licenses were issued to two new privately owned banks.
Since 2009, Iran has been developing an over-the-counter (OTC) market for bonds and equities called Farabourse.
An important development for the Iranian capital markets was the opening of a fixed income market for the first time in 2009 with the issuance of term deposit certicates (traded OTC).
Foreign banks
See also: Central Bank of Iran, Foreign portfolio investment in Iran, Foreign Direct Investment in Iran, Islamic Development Bank and World Bank
According to CBI, 5 offices of foreign banks[84] (as of May 2012) operate in Tehran and Kish free trade zone.
Article 44 (fifth clause) of the Iranian Constitution Law had heretofore placed banking activities exclusively in the hands of government. In tandem with the Law on Usury Free Banking Operations, these two measures effectively blocked foreign banking operations from conducting business in mainland Iran. In 2009 the Constitution was to be amended to allow foreign banks to operate normally in mainland Iran.[85]
As of 2015, there is no limitation for the activities of foreign banks in Iranian free economic zones. They may also open branches and representative offices in mainland or hold 40% shares of an independent unit
In 2010, the Iranian government lifted a cap on the percentage of shares in Iranian banks that can be owned by a foreign individual or company. The original law, which applied to both Iranians and foreigners, restricted the amount of shares in a bank that a single company could own to 10 percent and an individual to 5 percent. Iranian ownership of banks is still subject to the limits.[89]
According to the new rules, only the Iranian government has the authority to form joint banks with foreign entities.[90] Foreign entities can now hold over ten percent of the shares in joint banks with Iran but their shares cannot exceed more than 49 percent.[91] Under the same provisions, foreign individuals and entities that have at least 51 percent Iranian ownership shall be considered Iranian companies.[90]
Mainland activities
For the first time since the 1979 Islamic Revolution, Iran is set to allow foreign banks to establish branches in the country and engage in normal banking operations.[87]
In 2008, Bank Markazi (the central bank) formally officiated over the opening of Iran's first foreign bank branch in the capital, Tehran. The Iran-Europe Commercial Bank, which is registered in Hamburg, Germany, but is majority owned by the Bank of Industry and Mines of Iran. The second foreign bank to be created in Iran was the joint Iranian-Venezuelan bank. As of 2010, similar projects exist with countries such as Russia, Belarus and Egypt.[92][93][94]
In 2009, four US banks, including Citibank and Goldman Sachs applied for opening a branch in Iran. The banks made a formal request to the Central Bank of Iran (CBI) to establish a branch. If the Majlis and CBI approve their request, these four banks will set up a temporary branch in an Iranian free trade zone. And if they can work according to the Iranian banking law (i.e. usury-free banking), they will also be allowed to open branches in Tehran and other cities.[95][96]
Foreign banks could operate in Iran's free trade zone areas for many years and there are currently three such banks on Iran's Kish Island in the Persian Gulf. Iran’s Majlis (parliament) has ratified the bill for the establishment of domestic-foreign joint banks and insurance companies in free trade zones.