شنبه ۶ خرداد ۱۳۹۶ تهران ۰۷:۲۱
ECONOMY: Expediency Council to Decide on Banking Privatization
August 21, 2004 In its session today, the Expediency Council is to take up the controversial issue of banking privatization. However, Boston University economy professor Kamran Dadkhah tells Radio Farda’s broadcaster Fereydoun Zarnegar that privatization of state banks and licensing private and foreign banks to operate in Iran requires the revision of the article 44 of the Islamic Republic constitution, which, based on article 177, would need the formation of a constitutional reform commission, approval of the Supreme Leader and a referendum. The nationalization of the private banks immediately after the 1979 revolution has caused serious problems for the country’s economy, he adds.