Banks, credit institutions and equity market investors again stayed away from the weekly bond auction held by the government.
Bonds sold this week was hardly 99.9 billion rials ($341,000) -- almost nothing given the 23.7 trillion rials ($81 million) on offer, according to the Central Bank of Iran data.
On behalf of the Economy Ministry, the CBI is in charge of selling bonds to banks and credit institutions via the interbank market and to retail and institutional buyers in the equity exchange market.
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