Baku, Azerbaijan, Aug.19
By Fatih Karimov - Trend: Five hundred major Iranian bank loan defaulters have been introduced to the country's judiciary system.
Iran's economy minister Ali Tayyebnia said the administration owes more than $21.5 billion to the national banking system, Iran's Fars news agency reported on Aug. 19.
Iran will set up a special legal complex to deal with bank loan defaulters.
Tayyebnia said on June 18 that the real value of the Iranian banking system's bad loans is $47 billion.
USD exchange rate in Iran is currently about 31,000 rials.
On May 11, a source on the condition of anonymity told Iran's Fars news agency that some 900 persons owe around about $4 million each to the banking system.
"Eighteen persons owe about $195 million each to the banking system."
"Two hundred eighty three persons owe about $20 million each to the banking system."
"One hundred forty five persons owe around $40 million each to the banking system."
"And three persons owe around $400 million each to the banking system. Two of them are in jail for further investigations."