KIAN DEBT MARKET OBSERVER

Devaluation of rial; an increase of 3.0 percent in Dollar exchange rate during past 10 days

The final settlement of Islamic treasury bills (BT041) with total value of IRR 33,722 bn (USD 780 mn) was successfully completed.

Offering of Islamic Treasury bills in the symbol “TB151” in Farabourse in this week. Each bill was priced at IRR 895,000. These papers have a one-year maturity and value of IRR 19,000 bn (USD 440 mn).

US Dollar rate hits a record high reaching IRR 44,000, which will decrease Dollar returns for fixed income investments.

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