postgraduate student, Department of Economics and Economic Geography of Asia and Africa, Institute of Asian and African Studies, Lomonosov Moscow State University
Nowadays shadow elements like sarrafi, hawala and qarz-ol-hasane funds still exist in financial system of Iran. The article briefly observes these institutions and depicts causes of their appearance as well as main fields and consequences of their work. Measures taken by Iranian government against shadow institutions are presented. An attempt was made to forecast future development of illegal institutions.
