Mostakhdemin Hosseini Left Credit Institution For Development (CID)

Mostakhdemin Hosseini the CEO of Credit Institution For Development (CID) resigned from his position.

Hosseini joined CID 4 years ago and his main goal was converting this Institution to an accredited bank in Iran. But after 4 years he resigned from his position.

Sources close to CID confirmed this story. Central Bank of Iran (CBI) rejected the formal application of CID for being an accredited bank. This was the main reason of Hosseini resignation.

Currently CID has all the needed specifications to get approved by Central Bank of Iran but authorities refuse to do this.

CID was established on September 4th 1997, as the first credit institute being authorized by CBI.


He is a student of Economics , pursuing the same from Delhi University . Apart from Writing , He is quite passionate about Photography as well . His other hobbies include playing cricket and listening to music . Currently He resides in Delhi . He was invited to join Kabir News agency in 2012 after opening the official website . Phone number: +9999936738 , Email address: Saurabh (at) KabirNews.com

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