ICCIMA Refuses to Repay Past NDFI Forex Loans at New Rates

The extended and failed debate over repaying foreign currency loans taken earlier from the National Development Fund of Iran (NDFI) has entered a new phase as the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) continues to reject NDFI demands. 
In a press release ICCIMA on Saturday responded to criticism levelled by managers of the sovereign wealth fund over the private sector’s demand for reimbursing forex loans at the same rates when they were given. 
The NDFI earlier threw out that demand, saying it would undermine its financial clout and deplete NDFI currency resources – already in short supply due to the US economic sacntions.