With the introduction of these forex bonds, the Central Bank of Iran aims to provide a financing mechanism for lucrative projects, stimulate economic growth and attract investment in the private sector.
The Central Bank of Iran has unveiled foreign exchange Murabaha bonds to provide financing for profitable industrial projects, which will have a maturity period of one to four years.
With the aim of strengthening fixed capital formation and securing foreign currency resources to complete national projects with high profit potential, CBI has taken steps to permit the issuance of forex bonds via the Iran Currency Exchange (ICE), IBENA reported.