The Central Bank announced that banks are required to verify the electronic invoices of transactions online from the taxpayers' system before issuing or transferring Gham bonds, electronic promissory notes, and factoring instruments, and to conduct thorough credit assessments of applicants.
Central Bank's Special Directive on Gham Bonds + Details
The Central Bank of Iran has mandated that banks must verify electronic invoices from a designated system before handling Gham bonds and related financial instruments. This directive aims to ensure thorough credit assessments of applicants, which is crucial for maintaining financial integrity.
👥 Key Players
📰 What Happened
The Central Bank of Iran has issued a directive requiring banks to verify electronic invoices from taxpayers before processing Gham bonds and similar financial instruments. This is aimed at ensuring proper credit assessments and maintaining financial integrity.
- Banks must verify electronic invoices online before issuing Gham bonds.
- The directive is intended to enhance credit assessments of applicants.
💡 Why It Matters
📚 Background
Gham bonds are a type of electronic promissory note used in Iran's financial system. The Central Bank's focus on electronic invoicing reflects a broader trend towards digitalization in finance.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%