Over 670 Trillion Rials in Government Bonds Issued; Details of Cash and Non-Cash Instruments

Since the start of the year through Mehr, the government has issued about 671 trillion rials in cash and non-cash debt instruments. According to reports, more than 350 trillion rials remain within the issuance capacity up to the ceiling set in the budget law.

From the beginning of the year to October, the government has issued about 671 bonds of cash and non-cash debt and according to reports, more than 350 bonds are left up to the limit set in the budget law.

Ambassador Arjan-Economic Group: Reports indicate that since the beginning of this year, the Ministry of Economic Affairs and Finance has issued 115 thousand billion tomans of non-cash debt securities and 555 thousand 950 billion tomans of cash bonds. Therefore, the total issuance of government securities this year reaches 670,950 billion tomans (about 680 hemats).

This year, the government also settled 349 thousand 982 billion 500 million tomans (about 350 hemat) of past debts, of which 197 thousand 418 billion 400 million was the settlement of the principal debt and 152 thousand 564 billion 100 million tomans was interest on past debts.

This year, the government did not release any bonds in the months of April and May due to the special conditions prevailing in the country, and non-cash bonds were released only in the months of June and August. But the total value of cash bonds issued from June to October this year reaches 135 thousand billion tomans.

It should be noted that the limit for the issuance of government securities in the budget law for this year is 1,030,000 billion tomans (one thousand and 30 hemats), of which the government has so far issued 670,950 billion tomans, equivalent to more than 65% of it.

The new version of the Ministry of Economy to attract liquidity and reduce the demand for physical dollars will enter the implementation stage with the start of the subscription of the first "currency fund". A fund that, according to the Minister of Economy, preserves the value of assets and reduces the risk caused by currency fluctuations. But the basic question here is whether this tool can replace the purchase of currency and the traditional shelter of people to maintain the value of money?

Seyed Ali Madanizadeh, economist and head of the Faculty of Economics and Management of Sharif University, was introduced as the government's proposed candidate for the Ministry of Economy. After the announcement of the official receipt, the parliament has one week to review and the vote of confidence meeting will be held after that.

It is true that parliamentarians, in a critical and premature decision, removed the key supporter of the cabinet from the government train, but considering the serious conditions of the country, doctors were expected to conclude and introduce the new option of the Ministry of Economy more quickly.