Banking System Reform, a Long-Term Plan

Addressing the 30 th Conference on Islamic Banking in Tehran, Abdolnasser-Hemmati said the current problems and imbalance in the banks have not happened overnight and the country should find ways to solve them prudently, adding that reforming the banking system is a long-term plan. IRAN NEWS Economic Desk He then pointed to some efforts for banking without interest (usury) which is a pre-requisite for Islamic banking, admitting the measures have not been enough in the past years and there are hurdles especially in allocating the sources. Hemmati also gave an upbeat report about recovery of Iran’s economy, saying that national economy currently enjoys stability