Three-Way Agreement to Help Domestic Producers

The Ministry of Economy, Central Bank of Iran and Ministry of Industry, Mine and Trade signed an agreement on Saturday to enhance financial support for domestic producers. 
According to IBENA, the agreement, signed by CBI governor Ali Salehabadi, Economy Minister Ehsan Khandouzi and Minister of Industries Reza Fatemi Amin, consists of 22 articles designed to improve funding for production companies.
As per the agreement, banks will be obliged to extend 9,330 trillion rials ($29.4 billion) in working capital and 2,340 trillion rials ($7.3b) in other support to the industry and mining sectors by the end of the current fiscal year in March 2023.