Role of Banks in Weekly Bond Sale Diminishes

Results of the recent bond auction held by the Central Bank of Iran indicate the declining share of banks and credit institutions in bond sale while stock market investors and security underwriters contributed more. 
In the weekly bond auction held on Tuesday, bonds worth 23.6 trillion rials ($94 million) were sold to investors with zero contribution from banks. 
The main buyers were security underwriters who bought bonds worth 20 trillion rials ($80 million), accounting for more than 85% of the total.