From Qujar era financial crises to formation of Iranian banking system

Subject Areas : Epistemological and methodological researcher of historical research

sadegh bafandeh ¹ (استادیار دانشگاه پیام نور مشهد)

Received: 2015-12-27 Accepted : 2015-12-27 Published : 2010-06-22

Keywords: Iran, Russia, Banking, Constitution, Qujar,

Abstract :

One of the intellectual Constitutionalists aspirations in the late Qujar era was establishment of national bank of Iran that was sign of modernisation, maybe this aspiration comes from negative role of British and Russian banking in Iran.  The plan of national bank establishment was presented in the first Constitutional parliament era. But uncooperative royalty members, ministers and merchants for buying stocks, disappointed delegates. Moreover British and Russian governments disagreement was affected this plan and Mohammad Ali Shah coup d'état stopped it. Suggestion of national bank establishment in Iran has been started about 120 years ago, the Nasereddin shah era. In the beginning, Qujar kings did not know the importance of bank, so they gave up this point to British and Russian citizen. Even the right of note publishing allocated to one British Bank. Present paper reviewing Qujar era financial crises and role of foreign banks in Iran, then process of Iranian banking formation and national bank  establishment in 1928