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SSO Owes $2.5b to Banks

SSO Owes $2.5b to Banks SSO Owes $2.5b to Banks

Iran Social Security Organization owes 400 trillion rials ($2.58 billion) to banks, SSO’s deputy for economic and planning affairs said. 
Hossein Amiri said the massive organization borrowed 50 trillion rials ($323 million) from banks on monthly basis in the last fiscal (ended March 20).
Pensions have risen by 36% in the current fiscal   (March 2019-20) and the SSO will face new challenges in meeting its financial commitments. 

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