Loans to Enhance Exports
Economy, Business And Markets

Loans to Enhance Exports

The government has allocated 3 trillion rials ($97 million) to the Export Development Bank of Iran to provide exporters with loans at 14%, said an official in Trade Promotion Organization. The credits have been made available through the National Development Fund of Iran, Mohammad Reza Modoudi, deputy head of TPO, said on Tuesday, IRNA reported. He added that the government is planning to allocate 30 trillion rials ($970 million) to promote the export industry. “A portion of the loans are in foreign exchange, which has not been paid yet,” he said. A third of the money will be available through the annual budget and earnings through the targeted subsidies program.


Short URL : http://goo.gl/RiNVIx
  1. http://goo.gl/TRgVuy
  • http://goo.gl/hWjxB5
  • http://goo.gl/sNUXq2
  • http://goo.gl/B8rbKK
  • http://goo.gl/7Q88VP

You can also read ...

Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...
SCI Puts Inflation  at 8.3%
The average goods and services Consumer Price Index in Iran...