Ministry of Economic Affairs and Finance (Iran)

Overview

The Ministry of Economic Affairs and Finance' is a ministry of the Iranian government that oversees treasury, commerce, industry, financial markets and labor in Iran. Its functions include:

Manage the Iranian treasury department, Lending by the government to banks in Iran, Regulation of Iran's economy and its financial policy, implementing & enforcing tax policies in Iran, in charge of foreign direct investment (F.D.I.), directing the banking and commercial insurance sector of Iran, regulating the financial markets of Iran, see also: Securities and Exchange Organization (SEO) & Central Bank of Iran. The affairs related policy-making, organizations, and institutes in the field of trade of goods and services are handled by the Ministry of Economic Affairs and Finance (Ministry of E.A.F.).

During the Imperial State of Iran

Ministers responsible for finance under Pahlavi dynasty.

Mohammad Ali Foroughi, 1924–1925 Morteza Gholi Bayat, 1925-? Vossug ed Dowleh, 1926 Firouz Nosrat-ed-Dowleh III, 1927–1929 Mohammad Ali Farzin, 1929 Hassan Mashhar, 1929–1930 Hassan Taqizadeh, 1930–1933 Ali Akbar Davar, 1933–1937 Mahmud Badr, 1938–1939 Rezagholi Amir Khosravi, 1939–1941 Abbasqoli Golshayan, 1941 Hassan Musharraf Nafisi, 1941-1942 Mahmoud Nariman, ?-1943 Morteza-Qoli Bayat, 1943-? Allah-Yar Saleh, 1943 Bagher Kazemi, 1943-? Mahmud Badr, ?-1945 Abdolhossein Hazhir, 1945 Morteza-Qoli Bayat, 1945–1946 Abolqasem Najm, 1945–1946 Abdolhossein Hazhir, 1946 Morteza-Qoli Bayat, 1946-? Abdolhossein Behnia, ?-1948 Abbasqoli Golshayan, 1948–1950 Abdolhossein Behnia, 1950 Mohammad Ali Varasteh, 1950 Taghi Nasr, 1950-? Mohammad Ali Varasteh, 1950–1951 Ali Asghar Forouzan, ?-1951 Mohammad Ali Varasteh, 1951–1952 Seyed Baqer Kazemi, 1952–1953 Ali Amini, 1953–1954-? Ali Asghar Nasser, ?-1955 Mohammad Sajadi, 1955–1957 Taghi Nasr, 1957-? Qolam Hosein Foruhar, ?-1957-? Ali Asghar Nasser, ?-1958-? Ali-Akbar Zargham, 1959–1961 Abdolbaghi Shoai, 1961–1962 Jahangir Amuzegar, 1962 Abdolhossein Behnia, 1962–1963 Abdolbaghi Shoai, ?-1963 Abdolhossein Behnia, 1963–1964 Amir-Abbas Hoveida, 1964–1965 Jamshid Amouzegar, 1965–1974 Hushang Ansary, 1974–1977 Mohammad Yeganeh, 1977–1978 Hassan-Ali Mehran, 1978–1979 Rostam Pirasteh, 1979

The Customs Administration of the Islamic Republic of Iran

The Customs Administration is affiliated to the Ministry of Economic Affairs and Finance. All activities regarding importation, exportation, transit, collection of import duties and other cases such as temporary importation are carried out by the Customs Administration, which is in charge of implementing the Customs Affairs Act of the Iranian year 1350 (Hijri calendar) (1971 Gregorian calendar), and by-Laws of the Executive Branch of Iran.

Organization for Collection and Sale of State-owned Properties of Iran (OCSSPI)

Affiliated to the Ministry of E.A.F.(Ministry of Economic Affairs and Finance), the purpose of the O.C.S.S.P.I. (Organization for Collection and Sale of State-owned Properties of Iran) is to regulate properties, some of the duties includes the collection, storage, management, and sale of properties that as per the law are under the ownership, possession, custody or management of the government of Iran.

State Tax Organization

Affiliated to the Ministry of E.A.F. (Ministry of Economic Affairs and Finance), the Iranian National Tax Administration is also incharge of collection of taxes from the public and supervises the implementation of tax laws and regulations in Iran. To facilitate the E-commerce, the Executive Branch of Iran is implementing a bar code (similar to ISBN of Books) system (called 'Irancode') across the UN Member State of Iran. It will facilitate e-commerce and tax collection to build a better Iran.

Privatization Organization

According to the Fourth edition of Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran, which after discussions with the Ministry of E.A.F (Ministry of Economic Affairs and Finance) sets the prices and manages the shares of government-owned companies for the public. It also puts the stocks on the Tehran Stock Exchange. President of Iranian Privatization Organization is Ali-Ashraf Abdollah Porihoseini.

Organization for Investment Economic and Technical Assistance

Affiliated to the Ministry of E.A.F. (Ministry of Economic Affairs and Finance), the Organization for Investment Economic and Technical Assistance (OIETA) centralizes, regulates and perform activities related to foreign investments in the UN Member State of Iran, Iran's foreign investments abroad, providing loans and credit facilities to foreign firms, institutes or governments as well as obtaining loan or credit from foreign or international sources. OIETA is a "one-stop institution" for foreign direct investment in Iran.

See also

Ministry of Commerce (Iran) Organization for Collection and Sale of State-owned Properties of Iran (OCSSPI) Economy of Iran Cabinet of Iran Government of Iran Supreme Audit Court of Iran General Inspection Office (Iran) Iran's international rankings in economy

External links

Official Website Iran Audit Organization - Linked to the Ministry of Finance