An Iranian shareholder monitors share prices on his laptop computer at the Tehran Stock Exchange. (AP Photo/Vahid Salemi)
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Iranian Treasury bills traded over the counter for the first time as the country took a step forward in boosting liquidity in its debt markets in anticipation of eased sanctions.Lifting the restrictions will help reconnect Iran to global financial markets and remove blocks on the transfer of funds to and from the oil-rich Islamic Republic, which prevent most investors from trading securities in the country.Today's listing will be an important test for Iran's debt markets as it will be the first time a price-discovery mechanism will be used to value notes that don't carry a coupon, according to Rabii.Iran's private sector is laying the groundwork to tap international debt markets should sanctions be lifted.
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