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Iran's CB Again Comes to the Aid of Manufactures: $5 Billion to Help Boost Production

Iran's CB Again Comes to the Aid of Manufactures: $5 Billion to Help Boost Production Iran's CB Again Comes to the Aid of Manufactures: $5 Billion to Help Boost Production

Central Bank of Iran has allocated up to 700 trillion rials ($5.3 billion) to companies via the CBI’s new funding scheme dubbed the ‘Productive Credit Certificate’, the bank’s governor said. 
The CBI will launch the new scheme, better known by its Persian acronym Gam, in the coming week that starts on Saturday, according to Abdolnasser Hemmati.  
Gam is one of the pivotal measures of the regulator to assist distressed manufactures and optimize management of the liquidity given to the manufacturing sector. 

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