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News number: 8804240734

13:28 | 2009-07-15

Economy

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Central Bank Body Holds 1st Meeting in 2 Years

TEHRAN (FNA)- Iran's recently revived Money and Credit Council, the central bank's major policy-making body, held its first meeting after two years.



Last month, President Mahmoud Ahmadinejad agreed with the Central Bank of Iran's decision to revive the council, two years after he dissolved the CBI's major policy-making body.

The council reviewed Iran's monetary and credit policies in the past two years during Tuesday's meeting, chaired by CBI Governor Mahmoud Bahmani, Mehr news agency reported, without giving further details.

The meeting was scheduled to be held last Tuesday, but was postponed because of the alarming level of dust pollution in the Iranian capital, according to a member of the council, press tv reported.

The government planned to appoint an economic commission to supervise the council's meeting, but later agreed that the CBI would resume its supervision of the council after the decision was sharply criticized by economists and parliamentarians.