News ID: 209736
Published: 0333 GMT February 09, 2018

CBI preparing to issue its first forex bonds

CBI preparing to issue its first forex bonds

Iran will for the first time issue foreign currency bonds in an effort meant to dissuade investors from the fluctuating forex market and help boost the rial.

Valiollah Seif, the governor of the Central Bank of Iran (CBI), was quoted by Press TV as saying that a plan would be unveiled within the next two weeks, underlining that the CBI wanted to lure investors keen on dabbling in the foreign exchange market.

"Currently, there are a variety of options for investors, including the monetary market, the stock market, the bond market and the housing sector," Seif said.

He added that the National Iranian Oil Company (NIOC) was also planning to issue foreign currency bonds of its own and the company's plan to this effect would proceed once related authorizations are granted.

The official added that CBI's mix of currency investments includes steps that would provide safe investment options combined with reasonable yields for the public.

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