Government of the Islamic Republic of Iran world. The Islamic Republic of Iran created shortly after the Islamic Revolution. The first major demonstrations with the intent to overthrow the Shah Mohammad Reza Pahlavi began in January 1978, with a new, Islam-based, theocratic Constitution being approved in December 1979, ending the monarchy. The Shah fled Iran in January 1979 after large strikes and demonstrations against him and his regime paralyzed the country. Ayatollah Khomeini would return in February of the same year after a long period of exile, greeted in the capital of Tehran by several million Iranians. The final collapse of the Pahlavi dynasty occurred shortly after
Central Bank of Iran In 1890 it introduced the first bank notes in Iran, ranging from 1 to 1,000 tomans. The bank did not do much to strengthen the Iranian capital formation or support then-currency of Iran, qiran. The first state-owned Iranian bank, Bank Melli Iran was established in 1927 by the government of Iran. On 30 May 1930, it took the responsibility to function as Iran's central bank, and took the rights of the Imperial Bank for £200,000, while it acted as a commercial bank at the same time. The bank's primary objective was to facilitate government's financial transactions and to print and