Iran gov’t debt to Central Bank down

Finance Materials 1 March 2019 14:43 (UTC +04:00)

Tehran, Iran, March 1


Iran’s Minister of Economic Affairs and Finance Farhad Dejpasand said the government’s debts to the Central Bank have fallen by 7.4 percent.

“Fortunately, the government’s debt to the Central Bank from the last Iranian year (March 20, 2017-March 21, 2018) has been reduced by 7.4 percent, and hopefully it can take effective steps to settle the debts to banks,” Dejpasand said, Trend reports citing Iranian news agencies.

“We should design methods to reduce private sector’s debts to banks,” he added.

“There are various reasons for the delay in debt payment – this is partly due to the current economic situation and also bank ownership of production units; but these units should be reactivated,” Dejpasand said.