Central Bank determines the annual index numbers for calculating the amount of marriage portion and delayed payment penalty.
Nouraei & M. Mostafavi Law Offices –April 29,2023-Tehran –The governor of the Central Bank of the Islamic Republic of Iran, Mohammad Reza Farzin, in a circular letter addressed to the Head of the Judiciary, has declared the annual index numbers for calculation of the amount of Mahrieh (marriage portion) and monthly index numbers for the delayed payment penalty.
Under Iranian law, the inflation indexes should be utilized for setting the up-to-date value of the Mahrieh. Furthermore, for determining the delayed payment penalties in contracts and transactions, the courts also use the official indexes under Article 522 of the Civil Procedure Code of 1379 (2,000).
Mr. Farzin, in his letter to the Head of Judiciary, Mr. Gholamhossein Ezhaei, has stated:.’’
Whereas based on Article 4 of the Executive Regulations of the Law of Addition of a Note to Article 1082 of the Civil Code approved on 13/2/1377 (May 3,1998), the Central Bank of the Islamic Republic of Iran is obliged to use the price index of consumer goods and services annually for calculation of the amount of Mahrieh in current currency (Rial) no later than the end of the month of Khordad (June) every year, as well as based on the decree of the Expediency Council regarding the delayed payment of checks, and also in light of Article 522 of the Civil Procedure Code, the Central Bank of the Islamic Republic of Iran is obliged to announce the said index numbers to the judicial authorities and courts. Therefore, the attached 2 table sheets (including the annual index numbers to calculate the amount of Mahrieh in the common currency and the monthly index numbers to calculate the delay in payment) related to the year 1401 (March 21,2022-March 20,2023) and previous years are presented for your consideration and forwarding to the subordinate bodies.
(For getting access to the index numbers, which are in Farsi Language figures, you may click here).
(Re-publication and usage wholly or partially allowed upon naming the source J. Nouraei & M. Mostafavi Law Offices).