The Central Bank has issued new regulations for the issuance and transfer of Gharz al-Hasaneh bonds and electronic promissory notes, requiring banks to obtain electronic transaction invoices from the taxpayer system before issuing or transferring these financial instruments. This measure aims to prevent the financing of fictitious transactions, control credit risk, and enhance oversight of financing in the production chain.
Issuance of Gharz al-Hasaneh Bonds and Electronic Promissory Notes Without Tax Inquiry Prohibited
The Central Bank has mandated that banks must verify electronic transaction invoices before issuing or transferring Gharz al-Hasaneh bonds and electronic promissory notes. This regulation is intended to combat fraudulent financing and improve credit risk management. It is significant as it reflects efforts to enhance financial oversight in Iran's economy.
👥 Key Players
📰 What Happened
The Central Bank of Iran has introduced new regulations requiring banks to verify electronic transaction invoices before issuing Gharz al-Hasaneh bonds and electronic promissory notes. This is aimed at preventing fraudulent financing and improving credit risk management.
- Banks must obtain electronic transaction invoices from the taxpayer system before issuing or transferring financial instruments.
- The regulation is intended to enhance oversight in the production chain and combat fictitious transactions.
💡 Why It Matters
📚 Background
Gharz al-Hasaneh bonds are interest-free loans used to support various economic activities in Iran. The regulation aims to prevent misuse of these financial instruments.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%