Important instructions of the Central Bank to strengthen capital formation and provide foreign exchange resources for foreign exchange projects

According to Iran Economist From the Central Bank, with the aim of strengthening the formation of fixed capital and providing foreign exchange resources to complete the national currency exchange projects, this bank joined the issuance of the license for the sale of foreign exchange bonds through the Iran Currency and Gold Exchange Center in accordance with the executive instructions (the subject of Circular No. 86290/02 dated 14.4.1402), in order to implement or complete the profitable economic and industrial projects of the private sector inside the country.

According to this instruction, foreign exchange murabaha bonds are foreign currency securities that show the joint ownership of its holder in a financial or religious asset obtained based on a murabaha contract, and the holder of the bonds is the owner and creditor of that religion, and the supply of these bonds is only by the issuer. It is allowed with the permission of the Central Bank Currency Commission.

Also, the limit of the amount of offering foreign exchange bonds for each project is 200 million euros, which can be increased to higher amounts at the discretion of the Foreign Exchange Commission.

It should be noted that the purchase of bonds from foreign exchange sources is subject to the cancellation of export foreign exchange obligations, and the maturity of the bonds is at least one and at most 4 years, and the annual interest for one-year euro bonds is at most 5%; two-year bonds maximum 5.25%; Three-year and four-year bonds are set at a maximum of 5.5% and interest payments will be made in one-year periods.

It should be noted that the request for the publication of the mentioned documents for the financing of several projects has been made and the relevant steps are underway.

To see the details of the circular, to Here See.