Iran Suspends Oil Securities Offering IRR 20 Trillion Salaf Issuance: Finance and Economic Affairs Minister

Iranian Economic Affairs and Finance Minister, Farhad Dejpasand has stated that the plan to offer crude oil via Salaf bonds in the Iran Energy Exchange (IRENEX) has been temporarily suspended, following an earlier announcement of postponement, according to local media reports.

Speaking on live television, Dejpasand noted that although the first session for investigating the issue of selling crude oil via Salaf bonds was held and the Ministry of Economic Affairs and Finance had approved the plan, the offering will not be implemented for the time being. IRENEX was supposed to offer crude oil via standard Salaf bonds on the 16th of August 2020, but the offering was postponed on the same date.

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