Economy, Business And Markets

Iran Debt Market Worth $6b

Iran Debt Market Worth $6bIran Debt Market Worth $6b

The nominal value of Iran's debt market stood at 929.81 trillion rials ($6.57 billion) on Monday. The figure was 717.61 trillion rials ($5.07 billion) in the beginning of the current fiscal (March 21), indicating an increase of around 30%, said Mahsa Radfar, the head of Securities and Exchange Organization’s debt security issuance.
According to Radfar, 291.92 trillion rials ($2.06 billion) of debt securities has been issued in the current year to register a massive 120% rise year-on-year. About 78.92 trillion rials ($557.79 million) worth of those securities has matured, the Securities & Exchange News Agency reported on Monday.


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