The Central Bank of Iran (CBI), also known as Bank Markazi, officially the Central Bank of the Islamic Republic of Iran (SWIFT Code: BMJIIRTH) is the central bank of Iran. Established under the Iranian Banking and Monetary Act in 1960, it serves as the banker to the Iranian government and has the exclusive right of issuing banknote and coinage. CBI is tasked with maintaining the value of Iranian Rial and supervision of banks and credit institutions. It acts as custodian of the National Jewels, as well as foreign exchange and gold reserves of Iran. It is also a founding member of the Asian Clearing Union, controls gold and capital flows overseas, represents Iran in the International Monetary Fund (IMF) and internationally concludes payment agreements between Iran and other countries.
The Monetary and Banking Research Institute (MBRI) (formerly known as Monetary and Banking Research Academy (MBRA)) is the research arm of the Central Bank of Iran. The Monetary and Banking Research Institute (MBRI) was established in 1990 out of necessity for a central repository of all the monetary and banking research in the country. Its activity is focused on research, consulting and publishing.