Baku, Azerbaijan, Aug.23
By Fatih Karimov - Trend:
The Iranian administration may issue $32 billion worth of bonds to settle its debt to the national banking system.
Iranian deputy economy minister Shapour Mohammadi said $32 billion worth of shares of state-run companies can be divested in this regard, Iran's Mehr news agency reported on August 23.
However, the exact amount of the administration's debt to the banking system is not up to date, he added.
Iran's economy minister Ali Tayyebnia said on August 19 that the administration owes more than $21.5 billion to the national banking system, Iran's Fars news agency reported.
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."