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Banks Will Lend $8.3b to Help Raise Production

Banks Will Lend $8.3b to Help Raise Production
Banks Will Lend $8.3b to Help Raise Production

The Central Bank of Iran, as part of a plan called "Productive Working Capital" has assigned a number of banks to lend  1,000 trillion rials ($8.3 billion) to productive businesses in the agriculture, housing and construction, industries and mining, petroleum and tourism sectors. 
As per a press release published on the CBI website on Tuesday, nearly half of the amount is set to be paid to companies in the industrial and mining sectors. Businesses in agriculture are set to receive 200 trillion rials ($1.6 billion). The same amount will be paid to housing and construction projects.

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