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FinancialNews
13-08-20
Majlis condemns of government's arrangement to trade oil bonds
(MENAFN) MP Hossein-Ali Haji Deligani stated to the Tehran Times that the Majlis (Iranian parliament) condemns of an arrangement projected by the government that is stated that to bring regarding an "economic breakthrough" for the country throughout selling oil bonds.
The Haji Deligani reminded that Economic get through must be achieved either during presenting the financial plan change bill to the parliament or the pre-selling of oil on the Energy Exchange market in small encloses.
Haji Deligani stated that supported on this plan, the government is to trade 220 million barrels of oil throughout issuing similar salaf bonds in a course of one year.
A standard parallel salaf is an Islamic contract close to futures, with the dissimilarity being that the contract's entire prices have to be paid beforehand.
MENAFN1308202000450000ID1100629233
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