$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
Monday, March 19, 2018

$92m Worth of Gov’t Debts to Be Cleared in Swap Deal

Monday, March 19, 2018

$92m Worth of Gov’t Debts to Be Cleared in Swap Deal

The government has decided to clear over 4.45 trillion rials ($92.7 million) worth of its debts to contractors and companies through a debt swap deal with Iranian Privatization Organization and Iranian National Tax Administration.
The decision was made during a Cabinet meeting on Wednesday attended by First Vice President Es’haq Jahangiri.
Based on the measure, the government will clear its debts to seven companies, including Touss Power Generation Management Company, Mapna Parehsar Power Plant Company, Gohar Energy Sirjan Company, Pasargad Energy Development Company, Shiraz Mechanic Company, Etemad Mehr Kish Energy Development Company and Oil Industry Pension Funds.
The debt swap mechanism was first introduced in articles 2 and 3 of “removing obstacles to competitive production and improving the country’s financial system” law ratified in May 2015.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/LvvhLS
  1. https://goo.gl/2xvPpz
  • https://goo.gl/mxAJ6B
  • https://goo.gl/qMVQEu
  • https://goo.gl/9mrzFQ
  • https://goo.gl/hfKNtc

You can also read ...

Iran has specified the amount of prescription medicines...
Finnish IT Company Renews Iran Contracts
A Finnish provider of telecom information technology solutions...
Iran, Iraq Private Sector Officials Meet in Tehran
The chambers of commerce of Iran and Iraq surveyed ways of...
Tehran Market: Euro and USD Keep Climbing
Foreign exchange rates were again defiant and continued to...
TEDPIX Crosses 170,000 Threshold
Major Iranian stock indexes vaulted to fresh records on...
South Africa Eases Visa Conditions for Iranian Traders
Iran's Ministry of Foreign Affairs and South Africa's...
Iran, UK Renew Trade Commitments
High-level trade representatives of Iran and the UK met on...
Iran Bans Tomato Exports Until Further Notice
The Ministry of Industries, Mining and Trade has banned the...

Add new comment