Iranian c bank head denies excessive bank debts

IRAN - Governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh has said that the CBI's liabilities do not exceed 21bn dollars.

Nurbakhsh in an interview with IRNA news agency in Iran ruled out the claim that his bank's debts exceeded 80bn dollars.

The CBI chief was referring to the claim of former Vice-President Mohammad Hashemi in an interview with Tuesday edition of a morning daily that during President Mohammad Khatami's tenure 80bn-dollar debt has been created for the government.

Hashemi

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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