22094
Forex Debtors Given  3 Months
Economy, Business And Markets

Forex Debtors Given 3 Months

Borrowers that have foreign exchange debt to the banking system were given three months to repay their debt, the central bank announced on Monday. Borrowers will have to repay their debt at the exchange rate of the day they got the loans, and not at current exchange rates in rials, IRNA reported.  The central bank directive is based on Article 20 of the legislation on “removing barriers to competitive production and improving the financial system.”

 

Short URL : http://goo.gl/Uc9N05

You can also read ...

CBI Outlines Top Priorities
The governor of the Central Bank of Iran, who took the reins...
Non-Oil Trade Value With Egypt Tops 80%
Iran traded 298,616 tons of non-oil commodities worth $128.23...
IKCO to Deliver Presold Peugeot 2008 SUVs
Extending apologies for the prolonged delay in the delivery of...
Colza Production Breaks 30-Year Record
Colza production in Iran since the beginning of the current...
Interest Rate Growth Gathers Pace
Two major banks have been allowed by the Central Bank of Iran...
Domestic Shoe Industry Hit by Raw Material Shortage
Domestic shoe production has declined by over 70%, the head of...
Rail Exports From Qom to CIS Grow 29%
More than 3,403 tons of goods were exported via railroads from...
Tehran to Host Handmade Carpet Expo
The 27th Iran Handmade Carpet Exhibition is scheduled to open...

Trending

Googleplus