Iran: New Scheme Unveiled to Boost Manufactures

The Central Bank of Iran’s new scheme to fund manufactures, known as Productive Credit Certificate, was launched Tuesday at the central branch of Bank Melli Iran.  
Known by its Persian acronym Gam, the new program has been created to help meet the funding needs of “credible and productive” manufacturing units and businesses, the CBI Governor Abdolnasser Hemmati said. 
Gam is one of the pivotal CBI moves to assist manufactures in need of recapitalization and to control inflation arising from injecting liquidity to manufacturing companies.