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Debt

  • EghtesadOnline: Economic sectors benefited from the capital market to the tune of 3,030 trillion rials ($12 billion) in the first ten months of the current fiscal year that ends in March.

  • EghtesadOnline: The Central Bank of Iran on Saturday announced financial relief to businesses battered by months of lockdowns to curb the Covid-19 pandemic.

  • EghtesadOnline: Talks are being held to help address the financial problems of private power producers who built plants with forex loans from the National Development Fund of Iran (sovereign wealth fund) and are unable to repay.

  • EghtesadOnline: The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance.

  • EghtesadOnline: The government raised 49.9 trillion rials ($232 million) by selling Islamic bonds in the debt market on Tuesday.

  • EghtesadOnliine: Iran’s foreign debt was $9.031 billion at the end of last fiscal year that ended in March, dropping slightly from $9.339 billion at the end of fiscal 2018-19 to register 3.4% decline.

  • EghtesadOnline: The plan to transfer water from the Caspian Sea to the drought-hit Semnan Province will not see the light of day in the near future, not due to ecological concerns but because it is economically unviable, head of the Department of Environment said.

  • EghtesadOnline: The 12th United Nations Conference on Trade and Development (UNCTAD) with focus on Debt Management opened in Geneva, Switzerland, on Monday in presence of the Iranian delegation.

  • EghtesadOnline: The Central Bank of Iran in its latest report said debts of banks and credit institutions to the CBI totaled 1.5 quadrillion rials ($11.32 billion) in the calendar month September 22, up 37.3% year on year and 14.1% compared to the last yearend (March 21).

  • EghtesadOnline: Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials ($1.37 billion), said the secretary of the Specialized Manufactures of Auto Part Association.