Iran Issues Over IR400Bn In Partnership Papers During 1996-97
In its Annual Review for the Iranian year 1375 (year to 20 March 1997) theCentral Bank of Iran says that partnership papers to the value of IR400.6bn ($133.5mn)were issued in the course of the year:
IR325.6bn for the first phase of Paykan Auto-manufacturing;
IR50bn for the execution of the fourth phase of "Navab Project"; and
IR25bn "Samen" papers for urban development of Mashhad.