Maximum of IRR 100tr islamic treasury bills issuance in the next year (approved by the Parliment)
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- Islamic Treasury Bills transactions with the TKR “TB221” and “TB191” began with the YTM’s of 16.58% and 17.35% respectively and total value of IRR 27tr.
- The Islamic Parliament of Iran has permitted municipalities to issue IRR 55tr of Sukuk.
- The government is authorized by the Parliament to issue Islamic treasury bills with a maturity of less than one year to a maximum of IRR 100tr, in the context of plans for the possession of provincial assets subject to the budget law. The government will also be able to issue up to IRR 50tr of Sukuk to repay principal and interest of those securities on maturity next year.