Banks collect $6.7b defaulted debts
The economy and finance minister stated that by April Iranian banks had collected $6.7 billion worth of defaulted loans.
IRNA news agency quoted Shamseddin Hosseini as saying Monday that the default in payment to Iran's banks was steadily decreasing.
He went on to say that according to statistics issued by the Central Bank, the administration owed the banking network of the country about $13 billion in February 2010.
The government's economy spokesmen rebuffed media reports stating that administration debts to the banks had increased, and pointed out that the government was in fact making efforts to trim down on its balance due.