Cabinet Okays SSO Bond Issue
Cabinet Okays SSO Bond Issue

Cabinet Okays SSO Bond Issue

Cabinet Okays SSO Bond Issue

President Hassan Rouhani’s Cabinet has approved a measure to repay its arrears to the Social Security Organization and the organization’s debts to a commercial bank. The ministers have approved a directive signed by First Vice President Es’haq Jahangiri, stating that “based on the recommendation of the Planning and Budget Organization of Iran, the Ministry of Cooperatives, Labor and Social Welfare is hereby allowed to issue a maximum of 10 trillion rials ($268 million) worth of Islamic bonds to clear a portion of government debts held by SSO”, reports Fars News Agency. The bonds will serve a double purpose, as they also help clear the SSO’s debts to Bank Refah Kargaran.  


Short URL : https://goo.gl/7RBxKQ
  1. https://goo.gl/GJSVTW
  • https://goo.gl/obQVLB
  • https://goo.gl/G7JMZF
  • https://goo.gl/sx0MrG
  • https://goo.gl/gJFuqS

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...

Add new comment

Read our comment policy before posting your viewpoints