Iranian Economy Ministry Issues Over USD 19.5 Billion of Sukuk in FY 2019/20

According to local media reports, a total amount of IRR 820 trillion (around USD 19.5 billion) worth of Sukuk has been issued by the Deputy for Financial Supervision and Treasury Affairs (Deputy) of the Iranian Ministry of Economic Affairs and Finance (MEAF) in the previous Iranian calendar year, FY 2019/20, which ended on the 19th of March 2020.

Citing the Deputy’s annual report, the MEAF balanced around IRR 131.835 trillion (USD 3.13 billion) of the Iranian government’s debts and receivables through the issuance of treasury bonds in FY 2019/20.

One of the main responsibilities of the Deputy, as stated in the report, was to increase the efficiency of financial operatio...