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Imperial Bank of Persia

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Imperial Bank of Persia

former British bank in Iran

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About Imperial Bank of Persia

The Imperial Bank of Persia, sometimes transcribed as Bank Shahi, was a British bank that played a central role in the financial history of late Qajar Iran, known in English at the time as Persia. The bank was legally established in London and subject to British law, with the bulk of its operations based in Tehran under a concession initially granted by the Qajar government to Paul Julius Reuter. It served as the country's main bank of issue until that role was transferred to Bank Melli Iran in 1932, and introduced European financial practices to a country in which they were previously unknown.

Facts from Wikidata (CC0). Image by مهدی اشراقی at Persian Wikipedia via Wikimedia Commons (CC BY-SA 3.0).

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Country: Qajar Iran
Headquarters: Imperial Bank Building
Inception: 1889

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