The Central Bank of the Islamic Republic of Iran (CBI) is the primary financial institution responsible for managing the country's monetary policy and regulating its banking system. Established in 1960, the CBI aims to maintain economic stability, control inflation, and support the national currency, the Iranian Rial. The CBI also oversees foreign exchange reserves and implements policies to promote economic growth. It plays a crucial role in supervising commercial banks and ensuring compliance with Islamic banking principles, which prohibit interest-based transactions. The bank's decisions significantly impact Iran's economy and financial landscape.