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Seif Calls on Gov’t to Repay Debts
Economy, Business And Markets

Seif Calls on Gov’t to Repay Debts

In a letter to President Hassan Rouhani, the governor of the Central Bank of Iran has formally asked for the government to repay its debt to the CBI. Valiollah Seif reportedly made the request in response to pressures on the CBI to publish its financial statements after two years, reports Payesh news website. Seif has said if the central bank decides to publish its balance sheets, the government’s debt to the CBI “will not look good.” The administration now owes over 1 quadrillion rials ($29 billion) to the banks alone, a legacy it inherited from the former government.

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