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Matters Related to Trusties Fall Under the Central Bank

9h ago October 6, 2026 1 min read 📰 Shana (Oil Ministry)
📋 Key Takeaway

Hamid Bourd, the caretaker of the Ministry of Oil, clarified that the responsibility for trusties, which involves banking operations related to oil export revenues, lies with the Central Bank rather than the Ministry of Oil. This distinction is significant as it delineates the roles within Iran's financial and oil sectors.

🔍 Quick Context Guide
💡 Bottom Line: The separation of responsibilities between Iran's oil ministry and central bank is crucial for effective management of oil revenues.

👥 Key Players

Hamid Bourd MENTIONED
Caretaker of the Ministry of Oil
"He oversees oil sales in Iran, a crucial sector for the country's economy."
Central Bank of Iran MENTIONED
National banking authority
"Responsible for managing the country's monetary policy and overseeing banking operations, including those related to oil revenues."

📰 What Happened

Hamid Bourd clarified that the responsibility for managing trusties, which involves banking operations related to oil export revenues, falls under the Central Bank, not the Ministry of Oil. This distinction highlights the separation of duties within Iran's financial and oil sectors.

  • Trusties are involved in banking work related to oil exports.
  • The Ministry of Oil's main responsibility is to sell oil, not manage banking operations.

💡 Why It Matters

🇮🇷 For Iran: Clarifying roles between the Ministry of Oil and the Central Bank can improve efficiency in managing oil revenues.
🌍 Regional: This distinction may affect how regional stakeholders view Iran's economic stability and governance.
🌐 International: International investors and partners may seek clarity on Iran's financial management, impacting foreign relations.

📚 Background

Iran's economy heavily relies on oil exports, making the management of these revenues critical for national stability. Trusties are financial intermediaries that facilitate transactions related to these exports.

Iran's oil export policies Economic sanctions on Iran
📡 Source: STATE MEDIA
📊 Confidence: 70%
As a state media outlet, Shana may present information that aligns with government perspectives and priorities.

Shana - Film Group: Hamid Bourd, the caretaker of the Ministry of Oil, explained about the issue of trusties and the return of foreign currency from oil exports: The topic of 'trusties' is different from 'traders'; trusties involve banking work and is not the main responsibility of the Ministry of Oil, and we have somewhat distanced ourselves from this duty. Our responsibility is to sell oil, and the work of trusties pertains to the transfer of bank funds, which falls under the Central Bank and the country's banking system.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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