Reza Bastani Namaghi
Back to Home
Banking Policy Transparency in Iran: A Legal Victory for Accessing Central Bank Internal Bylaws

Banking Policy Transparency in Iran: A Legal Victory for Accessing Central Bank Internal Bylaws

I have always believed that to work effectively, we must first understand the rules of the game and the fundamental principles of our field.

Some time ago, to better understand the decision-making frameworks within Iran's banking policy-making institution, I sought to study the full text of the internal bylaws of the Central Bank's Supreme Council. However, I discovered that this document had never been published.

When I filed a request for the publication of these bylaws through the Freedom of Information system, the Central Bank refused to disclose them without providing a logical reason or legal justification. This became a major concern for me: why should a document that is merely an internal bylaw—and which should not be considered a state secret—remain inaccessible to those active in this field?

Since I did not receive a convincing response, I decided to pursue the matter through the Court of Administrative Justice. My goal was simply to obtain a clear answer to a simple and logical request.

Today, I received the ruling from Branch 35 of the Court of Administrative Justice. The honorable judge correctly referred to Article 11 of the Central Bank Law, which states: "The principle regarding the negotiations and resolutions of the Supreme Council... is non-confidentiality and public disclosure." Since no official request had been registered to classify these bylaws as confidential, the Court ruled in my favor and ordered the Central Bank to publish the document.

I shared this experience here to demonstrate that sometimes, our simple and legal pursuits for transparency can help uncover hidden rules and regulations, allowing all of us to operate in a more transparent environment.
Download Attached File
Previous Post Where is the Ceiling for Liquidated Damages Clauses? Next Post The Antidote That Arrived After Sohrab’s Death!*