Financial Tribune - Independence of the Central Bank of Iran lies at the heart of a new set of regulations known as Central Bank Bill, says the head of the Majlis Economic Commission.

The bill is part of wider reforms known as the Comprehensive Banking Bill aimed at overhauling the ailing banking system.

�CBI independence from government is the �punch line� of the new central bank law� Mohammad Reza Pour-Ebrahimi was quoted as saying by Tasnim News Agency.

Pour-Ebrahimi pointed to the positive effects of the bill on the economy saying that it has been finalized in the economic commission and will be debated in the chamber this week.