Iran Gov’t Is Urged to Repay Billions in Debt to Banks

The Governor of Central Bank of Iran Ali Salehabadi says the government should first reimburse its mounting debt to banks to help them improve their financial adequacy. 
In a tour to East Azerbaijan Province on Thursday, Salehabadi said most banks are struggling with low capital adequacy and reflected on workable solutions to address their crisis. 
“The government is in debt to both lenders and the CBI. In reimbursing debts, priority must be given to settling bank debts,” he was quoted as saying by the CBI website.