First Round of Bond Auctions Under New Administrative Government in November: Central Bank of Iran

The Central Bank of Iran (CBI) says that the first round of Sukuk Bond auctions under the new administrative government of Iran will be on offer on the 9th of November 2021.

Why it Matters?

A statement issued by the CBI said that Sukuk bonds worth IRR 50 trillion (USD 182 million) will be on offer for sale to banks and credit institutions and that the Iranian finance ministry, as the issuer of the bonds will declare the winners of the auction. Such activity comes as President Ebrahim Raeisi, leader of the new administration promising to minimize borrowing to curb any further expansion of the country’s money supply.

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