Iran Settles Debt with IMF

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Nourlw-26 September 2018-Tehran-According to the notice published in the Official Gazette dated 05/07/1397 (27 September 2018), the Council of Ministers in their session dated 04/07/1397 (26 September 2018), in line with the proposal of the Ministry of Economic Affairs and Finance and according to Article 138 of the Constitution of the Islamic Republic of Iran, approved:
1.The Central Bank of Iran is permitted to secure and pay the amount of 48,344,453.514.806 Iranian Rials from its own internal resources for debt settlement resulting from the commitments of the Islamic Republic of Iran to the International Monetary Fund for the purpose of adjustment of the exchange rate of the Iranian Rial.
2.For settlement of the debt, the Ministry of Economic Affairs and Finance shall provide the required written guarantee to the Central Bank of Iran.