In Iran, the existence of economic tensions and shocks has caused the monitoring of monetary and banking policies in different time periods to have a special place in country and it constitutes one of main country economy issues. This issue is important where the government's full control over liquidity leads to control over unorganized money markets. On the other hand, monitoring the budget and how it is properly implemented will control liquidity in the country. The main problem in this regard is that the government has taken on the role of trustee instead of its supervisory role in monetary and banking policies. Many of these supervisions have been carried out in a cross-sectional method and with specific political goals, which have resulted in the collapse of economy. In this library article, it was concluded that the operational challenges to government oversight in monetary and banking policies have caused in (1) liquidity control policy, factors such as financial Iranian government instability with non-oil revenues, improper monitoring of oil revenues, debt repayment by seigniorage revenues and lack of proper supervision over it, (2) budget monitoring, factors such as lack of proper government administrative oversight, determination of dollar budget and lack of supervision over it and (3) unorganized monetary markets, factors such as regulatory approach, regulatory techniques and regulatory reporting.