Implementation of Five Years Plans resulted in robust growth, and accordingly complexity and dynamism of the economy increased. With these rapid developments, the Government, toward the end of the fourth plan, felt the need for an organization, capable of centralizing dispersed central banking functions. With the objective of setting up an institution capable of performing a minimum of central banking functions and one that could generate information adequate for monetary management, the Government requested the IMF for technical assistance on July,1981. Subsequently, Mr. Rechards H. Miller, Advisor, Central Banking Department IMF was appointed to study feasibility and recommend legal frame to set up a Monetary Authority.