Linking of Bank Mellat, Saman and Saderat to the gold platform supervisory system enters its final stages

According to a report by the IRNA news agency republished on Saturday 1 August 2026 (10 Mordad 1405), the operation to connect three banks, Mellat, Saman and Saderat, to the gold platform supervisory system has entered its final stages. The process is being run under the Article 18 working group on gold and silver platform rules and the central headquarters for combating goods and currency smuggling, and the banks will begin contracting with online gold and silver trading platforms once initial testing is complete.

Connecting these three banks starts the removal of the monopoly over gold platform vaulting, although the same report notes that the executive steps will take time given the sensitivity of the matter.

On 15 June 2026 (25 Khordad 1405) the Central Bank of Iran approved new rules on the vaulting of gold and silver bullion by legal entities it has approved, within the framework of the executive directive on online gold and silver trading. Under these rules, a credit institution holding final security clearance from the FARAJA police may operate as a vault after central bank approval, and the list of approved vaults is publicly announced.