Government loans and credits are available to industrial and agricultural projects, primarily through banks.
Iran's unit of currency is the rial which had an average official exchange rate of 9,326 rials to the U.S. dollar in 2007.
Rials are exchanged on the unofficial market at a higher rate.
In 1979, the government nationalized private banks.
The restructured banking system replaced interest on loans with handling fees, in accordance with Islamic law.
This system took effect in the mid-1980s.

The banking system consists of a central bank, the Bank Markazi, which issues currency and oversees all state and private banks.
Several commercial banks have branches throughout the country.
Two development banks exist and a housing bank specializes in home mortgages.
The government began to privatize the banking sector in 2001 when licenses were issued to two new privately owned banks.

State-owned commercial banks predominantly make loans to the state, bonyad enterprises, large-scale private firms and four thousand wealthy/connected individuals.
While most Iranians have difficulty obtaining small home loans, 90 individuals secured facilities totaling $8 billion.
In 2009, Iran's General Inspection Office announced that Iranian banks held some $38 billion of delinquent loans, with capital of only $20 billion.

Foreign transactions with Iran amounted to $150 billion of major contracts between 2000 and 2007, including private and government lines of credit.
In 2007, Iran had $62 billion in assets abroad.
In 2010, Iran attracted almost $11.9 billion from abroad, of which $3.6 billion was FDI, $7.4 billion was from international commercial bank loans, and around $900 million consisted of loans and projects from international development banks.

As of 2010, the Tehran Stock Exchange traded the shares of more than 330 registered companies.
 Listed companies were valued at $100 billion in 2011.

Insurance premiums accounted for just under 1% of GDP in 2008, a figure partly attributable to low average income per head.
Five state-owned insurance firms dominate the market, four of which are active in commercial insurance.
The leading player is the Iran Insurance Company, followed by Asia, Alborz and Dana insurances.
In 2001/02 third-party liability insurance accounted for 46% of premiums, followed by health insurance (13%), fire insurance (10%) and life insurance (9.9%).
Government loans and credits are available to industrial and agricultural projects, primarily through banks. Iran's unit of currency is the rial which had an average official exchange rate of 9,326 rials to the U.S. dollar in 2007. Rials are exchanged on the unofficial market at a higher rate. In 1979, the government nationalized private banks. The restructured banking system replaced interest on loans with handling fees, in accordance with Islamic law. This system took effect in the mid-1980s.
The banking system consists of a central bank, the Bank Markazi, which issues currency and oversees all state and private banks. Several commercial banks have branches throughout the country. Two development banks exist and a housing bank specializes in home mortgages. The government began to privatize the banking sector in 2001 when licenses were issued to two new privately owned banks.
State-owned commercial banks predominantly make loans to the state, bonyad enterprises, large-scale private firms and four thousand wealthy/connected individuals. While most Iranians have difficulty obtaining small home loans, 90 individuals secured facilities totaling $8 billion. In 2009, Iran's General Inspection Office announced that Iranian banks held some $38 billion of delinquent loans, with capital of only $20 billion.
Foreign transactions with Iran amounted to $150 billion of major contracts between 2000 and 2007, including private and government lines of credit. In 2007, Iran had $62 billion in assets abroad. In 2010, Iran attracted almost $11.9 billion from abroad, of which $3.6 billion was FDI, $7.4 billion was from international commercial bank loans, and around $900 million consisted of loans and projects from international development banks.
As of 2010, the Tehran Stock Exchange traded the shares of more than 330 registered companies.  Listed companies were valued at $100 billion in 2011.
Insurance premiums accounted for just under 1% of GDP in 2008, a figure partly attributable to low average income per head. Five state-owned insurance firms dominate the market, four of which are active in commercial insurance. The leading player is the Iran Insurance Company, followed by Asia, Alborz and Dana insurances. In 2001/02 third-party liability insurance accounted for 46% of premiums, followed by health insurance (13%), fire insurance (10%) and life insurance (9.9%).
Economy of Iran