Gov’t Settles $2b in Bond Repayment

The Economy Ministry paid the principal amount and interest on bonds worth 582 trillion rials ($2.07 billion) up until Nov 20.

More than 405.7 trillion rials ($1.4b) was the principal and 176.22 trillion rials ($630 million) in interest, the IRIB website reported citing ministry data.

The ministry said the bond money outweighed total government income from selling new debt in the present fiscal year.