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Iran's troubled bond market

Even if sanctions are lifted, Iran's debt market faces several obstacles to realizing its full potential.
EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran.

An Iranian woman stands in a currency exchange shop in northern Tehran January 3, 2012. The Iranian rial fell to a record low against the dollar on Tuesday following U.S. President Barack Obama signing a bill on  imposing fresh sanctions against the country's central bank.    REUTERS/Morteza Nikoubazl (IRAN - Tags: BUSINESS POLITICS) - RTR2VU75

TEHRAN, Iran — Plagued by the woes of Iran’s troubled banking system, many Iranian firms are considering raising capital by issuing dollar-denominated bonds once sanctions are lifted. However, the road to this end won’t be easy — and the lifting of sanctions alone won’t solve everything.

Iran’s exclusion from the Society for Worldwide Interbank Financial Telecommunication has meant that many Iranian companies have not been able to embark on capital raising through borrowing from overseas lenders, Ali Sanginian, CEO of Amin Investment Bank, told Al-Monitor.

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