Financial Tribune - In next year's proposed budget the government is allowed to securitize up to 200 trillion rials ($2 billion) of its debts to banks.

This is as per the provisions of Note 5 of the budget bill and part of Central Bank of Iran�s open market policy and the initiative to offer Islamic bonds in order to be bought by the banking system and then be used as collateral by lenders in order to borrow from the central bank.

The bill stipulates that the initiative covers only the debts that are finalized by the end of the current fiscal that ends in March 2019.