Volume. 11897
Iran to issue $6b in bonds to fund economic development plans
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TEHRAN - The Iranian government has approved issuing 150 trillion rials (about $6 billion based on the U.S. dollar official exchange rate of 24,800 rials) to finance economic development plans, ISNA reported on Sunday.
Ministries of oil, energy, transport and urban development, were allowed to issue $2 billion, $1.6 billion, and $1 billion worth of bonds respectively.
The ministry of defense was authorized to issue $201 million worth of bonds, while ministries of telecommunications and information technology, industry, mines and trade, and agriculture each were allowed to issue $403 million worth of bonds.

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