Iran’s banking reform prospects look brighter

Financial Tribune – Approved by the Supreme Council of Economic Coordination, the much-touted banking reform plan has officially been put into motion by the Central Bank of Iran.

During the council’s last meeting, the heads of the three branches of government expressed support for CBI measures to implement the plan. The CBI has pledged to present its proposals to the council.

The CBI and the government are perusing the plan. Now that President Hassan Rouhani, Parliament Speaker Ali Larijani and judiciary chief Ayatollah Sadeq Amoli Larijani have announced unanimous support, execution of the plan is more than ever likely.