EghtesadOnline: The Money and Credit Council, the top banking and monetary decision-making body, gave banks the go-ahead to issue bonds to meet their financial needs.

EghtesadOnline: Bond s sold by the government jumped in the weekly auction on Tuesday to reach 48.1 trillion rials ($165 million), the highest in three weeks.

EghtesadOnline: The government bond sale stumbled again on Tuesday as banks refused to partake and purchase of stock market investors was insignificant.

EghtesadOnline: Bond auctions by the government will resume next Tuesday, the Central Bank of Iran said Tuesday. It will mark the first round of the weekly auctions in the present fiscal year that started in March.

EghtesadOnline: The Majlis on Tuesday accepted sections of the March 2020-2021 budget bill related to ways and means the government and state-run companies can raise funds via the debt market.

EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-month deadline for this task.

EghtesadOnline: The Central Bank of Iran said the initiative to hold bond auctions has been positive so far in that it is helping the government fund its deficit spending without the need to expand the monetary base by overborrowing from the CBI.