Kian Debt Market Observer

Investors await the policies of the new economic team of the government, as President Rouhani introduced proposed cabinet to Parliament for his second term, a few days after his inauguration.

Secondary trades of Islamic treasury bills (TB08) with total value of IRR 15 tr (USD 39 0mn)* halted in order to be settled by the government at maturity in the upcoming week.

According to the head of Economic Commission of the Parliament, despite the positive actions made by the government in the banking system and capital market, lack of supervision and high rates of new treasury bills traded in the banking system has become a challenge for the debt market.

Iran’s Minister of Economic Affairs and Finance stated that the first priority of the ministry was financing the private sector which was realized by entering the debt market and issuing Islamic t-bills.

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