BAKU, Azerbaijan, May 12. The Central Bank of Iran (CBI) will continue the issuance of Islamic bonds known as Sukuk worth $2 billion in the current Iranian year (from March 21, 2025, through March 20, 2026), said the Governor of the CBI, Mohammadreza Farzin, Trend reports.
Speaking today at the "Money and Currency Policies" conference in Tehran, Farzin stated that the Sukuk bonds will be offered through Iran’s Currency and Gold Exchange Center.
He added that Sukuk bonds worth $200 million will be issued next week to support the foreign currency needs of one of the country’s major economic enterprises.
“The Central Bank is cooperating with the National Development Fund of Iran to facilitate the issuance of Sukuk.
Enterprises engaged in exports remain a focus of foreign currency support. In this regard, a market for Standard Salaf Contracts in foreign currency will soon be established at the Currency and Gold Exchange Center. This will help enhance the stability of foreign exchange supply," Farzin noted.
To note, the CBI utilizes various bonds and contracts to strengthen Iran’s foreign currency reserves.
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