The Governor of the Central Bank of Iran Ali Salehabadi said the CBI will soon issue forex-backed bonds to fund development projects.
CBI officials have recently spoken about plans to issue forex bonds but have not provided details.
In a talk with IRNA, Salehabadi shed light on the rare move. “The bonds by nature are project-based, i.e. they will be used to finance a project that generate forex revenue,” he was quoted as saying.
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