The Central Bank of Iran (CBI) is the country's primary financial institution, responsible for managing monetary policy and regulating the banking system. Established in 1960, it aims to maintain price stability, control inflation, and support economic growth. The CBI also oversees the issuance of the national currency, the Iranian rial. In addition to its monetary functions, the CBI plays a crucial role in managing foreign exchange reserves and implementing exchange rate policies. It works to ensure the stability of the financial system and promote confidence in the banking sector, contributing to the overall economic development of Iran.