Arab League–Iran relations Guards. On 4 January 2016, Bahrain severed diplomatic relations with Iran, citing Iran's "blatant and dangerous interference" in Bahrain and other Arab countries. This directly followed Saudi Arabia's dissolution of diplomatic ties with Iran. In 2014 AFP reported Libyan and Iranian embassy in Moroni, Comoros, had problems about registering their claim to the property in the capital Moroni, because Comoros gave one property to both country for building their embassies . In January, 2016, Comoros recalled ambassador from Iran for expressing cooperation and solidarity with Saudi Arabia and censured Tehran for what it called interference in the internal affairs of
Central Bank of Iran of the Asian Clearing Union, controls gold and capital flows overseas, represents Iran in the International Monetary Fund and internationally concludes payment agreements between Iran and other countries. The first attempt at introducing paper currency in Iran occurred during the Mongol Ilkhanate of the 13th century CE. The innovation, developed in Song Dynasty China, did not take hold in Iran, and paper currency did not return to Iran in any significant manner for several centuries. In 1889, the British-owned Imperial Bank of Persia ("Bānk-e Šāhī") was founded and it was given the exclusive right to issue bank notes in Iran.