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Treasury Generates $106m in Bonds

Treasury Generates $106m in Bonds
Treasury Generates $106m in Bonds

The government generated 32 trillion rials ($106 million) in the first weekly bond auction in the present fiscal year that started in March. 
Auctions are held by the Central Bank of Iran on behalf of Economy Ministry to raise funds for the government’s budget deficits.
Buyers of bonds usually are banks, non-bank credit institutions, investment funds and institutional investors in the share market. 

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