Financial and Banking News
Iran Confirms Rescheduling L/C Repayments
The Iranian Central Bank Governor, Mr. Mohammad Hossein Adeli, said on 7 Junethat his country was close to agreement on rescheduling $2.5bn-$3bn of overdueshort-term debt. Bankers say that this figure includes the amounts owing toFrench, Japanese and German banks which have been rescheduled during the lastfew weeks. Iran is believed to be seeking further agreements to postpone...