$158m Bonds Sold in Last Weekly Auction

The Economy Ministry sold 50.3 trillion rials ($158 million) bonds in the last auction held Tuesday by the Central Bank of Iran -- the highest sale in the current fiscal year that started in March.
Auctions are held weekly to raise funds for the government’s budget deficits. Banks, non-bank credit institutions, investment funds and institutional investors in the share market are the main buyers. 
Two banks (not named) were the only bidders this time in the interbank market putting up bids worth 23.2 trillion rials ($70m), the CBI website reported.