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Debts

  • EghtesadOnline: The government’s debts to the Social Security Organization, Iran's biggest social insurance company that provides coverage to wage-earners and salaried workers as well as self-employed persons, amounted to 2,944 trillion rials ($11.2 billion) by the end of last fiscal year (March 19, 2020), the Ministry of Cooperatives, Labor and Social Welfare reported.

  • EghtesadOnline: Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that ends in March.

  • EghtesadOnline: The government is planning to repay its debts to private companies by selling its stakes in state-controlled petrochemical and refinery companies, according to a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture.

  • EghtesadOnline: By October 2018, the accumulated debts of Iranian carmakers, Iran Khodro (IKCO) and SAIPA, had reached 1 quadrillion rials ($8.8 billion), the industries minister said in a recent interview.

  • EghtesadOnline: The Energy Ministry has settled $1 billion of its debt to private power plants over the past 11 months.

  • EghtesadOnline: Excerpts of Iranian economic statistics relating to the first two months of this Iranian year (started on March 20) show that Iran’s foreign debts decreased by 75 million dollars in value in Iranian month of Ordibehesht (April 20-May 20) compared to that in the previous month.