Accordingly, the government is allowed to increase the current investment of Islamic Republic of Iran in Islamic Development Bank from 1,481,880,000 Islamic Dinar to 4,174,630,000 Islamic Dinar with demand bonds.
Moreover, the government, at request of the Islamic Development Bank and with cabinet approval, can provide and pay the installment loan of the investment increasing from the available funds and foreign currency of the Central Bank in exchange for the guarantees from the Ministry of Economic Affairs and Finance till the deadline set.
The membership of the Iran government with 25,000,000 Islamic Dinar in Islamic Development Bank was approved by Parliament on January 26, 1988 and afterwards it has been attempted to increase Iran investment with the authorization of the Parliament in three steps in 1992, 2002 and 2009.
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