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Iran's national bank, is as far as I know, not independent from Iran's government. Just like Bolivia's, Venezuela's, Cuba's, and North Korea's. Saddam's Iraq a
by naringas 7y ago
Iran's national bank, is as far as I know, not independent from Iran's government. Just like Bolivia's, Venezuela's, Cuba's, and North Korea's.
Saddam's Iraq also used to be like that before w. bush waged war on them.
- nextstep 7y agoKind of like how the Federal Reserve is not independent from the US government?
- naringas 7y agono, as fas as I understand, these banks are directly part of their governments. Whereas a typical central bank is independent and autonomous.
- marcosdumay 7y agoIf by typical you mean just looking on developed economies, then "autonomous" holds. "Independent" is a rarity.
- dragonwriter 7y ago> Iran's national bank, is as far as I know, not independent from Iran's government. Just like Bolivia's, Venezuela's, Cuba's, and North Korea's. Neither is that of the US, where the Board of Governors is appointed and accountable in the same manner as, say, commissioners of the FCC.