Iranian central bank pledges oil-based bond issue
Central bank makes large foreign exchange intervention as currency comes under pressure
Iran’s central bank will issue bonds based on future oil sales, and has greatly increased the size of its foreign exchange interventions, its governor has reportedly said.
Governor Abdolnaser Hemmati said on August 12 that the central bank planned a new bond issue, based on future oil sales. Radio Farda reported. The exchange-traded fund (ETF) bonds would be based on oil exports to be delivered in two years’ time, the report said.
Iran’s president, Hassan Rouhani, also pledged to start issuing
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