Gov’t Dues to CBI Related to ‘Debt Classification’ 

The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance. 
In a notice posted on its website, it said government debt to the central bank increased from 354 trillion rials ($1.5 billion) in July 2018 to 970 trillion rials ($4.2 billion) in June 2020. 
The upsurge is linked to the transfer of unpaid dues of state-owned companies to the CBI to government debt to the central bank. In other words, past arrears of government-controlled companies to the CBI are now categorized as government debt to the central bank.