The government program to sell bonds to plug its budget deficits faltered in the last weekly auction for the second straight week
Total bonds offered at both the interbank and equities market hardly generated 4.6 trillion rials ($14.8 million) -- the lowest since the auctions started in May.
Bond auctions are held regularly to raise funds for the government’s deficit spending. The government has made 232 trillion rials ($748m) in bonds in ten auctions, according to central bank data.
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