Central Bank of Iran Moves to Streamline Working Capital Loans

The Central Bank of Iran is working on plans to adjust policies regarding working capital granted to manufacturing units to ensure the loans are actually used for boosting production and staving off inflationary effects. 
CBI Governor Abdolnasser Hemmati outlined various plans under the review of advisory committees to procure the funds needed by manufacturing units in an optimal manner, referring to a plan dubbed “productive working capital” on the CBI agenda. 
In an Instagram post on Friday, Hemmati said rising production costs over the past year have given rise to the need for working capital and many manufacturing units have a hard time keeping their businesses running due to the fund shortages.