70858
Interest Subsidy for Export Loans
Interest Subsidy for Export Loans

Interest Subsidy for Export Loans

Interest Subsidy for Export Loans

Iranian exporters received interest subsidy on loans worth 300 billion rials ($7.9 million) during the year to March 20, 2017, the head of Trade Promotion Organization of Iran announced.
"The organization is considering such a subsidy for the current year as well," TPOI's official website quoted Mojtaba Khosrotaj as saying during the fourth meeting of the High Council of Exports on Saturday.
The meeting was convened to discuss banking-related problems facing exporters.
Khosrotaj also referred to subsidies for the issuance of export insurance policies which, he stressed, has been "well-received" by exporters.
The participants expressed their views on the necessity of establishing correspondent relations with international banks through the Central Bank of Iran, the implementation of currency swap treaties with other countries, the shift in CBI's focus from imports to exports and transparency and tolerance in CBI's directives.
Samad Karimi, CBI's head of exports department, also unveiled measures taken by CBI to reach currency agreements with other countries, including Turkey, Pakistan and Iraq.  
It was decided that the Central Bank of Iran should investigate the reasons behind the difference in the number of export and import letters of credit in certain countries. CBI is to find a way to facilitate the opening of import L/Cs in the form of an agreement with those countries.

Short URL : https://goo.gl/ow3NUa
  1. https://goo.gl/4Mhnvo
  • https://goo.gl/jrJ2Fz
  • https://goo.gl/xf3UZh
  • https://goo.gl/LrrygF
  • https://goo.gl/5iscrE

You can also read ...

Oberbank Deal to Trigger European Finance Flow
The chief executive of Oberbank–whose bank this week became...
Apparel tops the list of goods smuggled into Iran.
The Ministry of Industries, Mining and Trade has introduced...
SCI Puts Inflation at 8%
The goods and services Consumer Price Index in the 12-month...
Unwanted Mehr Housing Units to Be Repurposed
With the aim of bringing to a close the protracted and...
Proton Dissolves Dormant Subsidiary in Iran
Malaysian industrial group DRB-Hicom Berhad, the owner of...
VW Seeking Long-Term Cobalt Supplies in Shift to Electric Cars
Germany’s Volkswagen is moving to secure long-term supplies of...
CBI Tweaks  FTZ Rules
In its latest directive to the banking system, the Central...
Volvo XC40 Goes Small and Upscale
The 2019 Volvo XC40 combines an eye-catching exterior, a fresh...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus