Central Bank of The Islamic Republic of Iran - History

History

See also: Economic history of Iran

During the Achaemenid era, trade boomed and subsequently banking operation expanded to an extent that Iranians managed to learn the banking method from the people of Babylon.

The first attempt at introducing paper currency in Iran occurred during the Mongol Ilkhanate of the 13th century CE. The innovation, developed in Song Dynasty China, did not take hold in Iran, and paper currency did not return to Iran in any significant manner for several centuries.

Read more about this topic:  Central Bank Of The Islamic Republic Of Iran

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