after the revolution of 1979, all of the privatebanks existing in iran were nationalized and the economic system wasbased on public, cooperative and private sectors and banking operations werecategorized in public sector. consequently, private sector and foreign bankswere bared from doing banking operations in iran. according to the recentlaws and regulations passed in iran, the iranian private sector have beenpermitted to do banking operations in iranian mainland and foreigners have beenallowed to do so in iranian free zones.
with regard to the importance of the subject, theregulations prevailing in iranian mainland and free zones shall be examined.
jel: g21, g38, h42