TASNIM NEWS reports the Central Bank of Iran (CBI) said it has no current plan
to issue foreign-exchange (FX) pre-sale bonds. Responding to reports that the
Iran Mercantile Exchange has begun steps to design and issue such bonds, the CBI
said under Article 44(h) of the Central Bank Law only the CBI Supreme Council is
authorized to approve regulatory rules for FX-based financial instruments and FX
derivatives; any design or issuance must occur within the Supreme Council’s
approved framework and comply with law. The CBI reiterated it currently has no
plans to develop the capital market or to issue foreign-currency debt
instruments, including FX pre-sale bonds.