Bank Markazi, officially known as the Central Bank of the Islamic Republic of Iran, is the central bank of Iran. Established in 1960, it is responsible for regulating the country's monetary policy, managing foreign exchange reserves, and overseeing the banking system. Its primary goal is to maintain economic stability and control inflation. The bank plays a crucial role in issuing the national currency, the Iranian rial, and managing the country's financial institutions. Additionally, Bank Markazi works to promote economic growth and development through various financial programs and policies, ensuring a stable financial environment for the nation.