Writing off the liabilities of Government and private sector by treasury bills.
- The CEO of Saderat Bank has announced that the liabilities of contractors, government, governmental companies, banks and the central bank will be written off against one another through issuing treasury bills. According to the 2018-19 budget bill, total value of liabilities is up to IRR 1,000,000 bn, which is equivalent to total debt market value.
- IPO of “TB371” was not successful due to not meeting the minimum 10,000 trades on the offering date. This was the second failed IPO attempts of treasury bills.
- After sanctions snapback, the US treasury department excluded 4 banks and credit institutes from the SDN list (Middle East Bank, Hekmat Iranian Bank, Mehr-e-Iran Bank and Tose’e credit institution. In total, there are 12 banks not subjected to secondary sanctions and can be connected to SWIFT as before.
Download the full report (PDF)