85175
The banking system will support small to medium enterprises by providing them with cheap loans.
The banking system will support small to medium enterprises by providing them with cheap loans.
Tuesday, April 24, 2018

Capital, Money Markets Financing Key to Support Domestic Production

In the budget law of the current Iranian year (started March 21), more than 1,000 billion rials ($23 million) worth of incentives like subsidy on loans’ interest have been considered for exporting industries
The capital market has the potential to lighten the overwhelming burden of banks to provide financing by employing huge resources from Iranian mutual funds and attracting investors to fund startups and entrepreneurs
Tuesday, April 24, 2018

Capital, Money Markets Financing Key to Support Domestic Production

Analyst at Securities & Exchange Organization

As per the Iranian New Year’s state tradition, the motto for the current fiscal (started March 20) was announced by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei in his inaugural address to be “Support for Iranian Products”. 
Subsequently, many officials stepped forward to clarify the role of money and capital markets in facilitating the realization of this goal. “Financing the local companies is how money and capital markets can support Iranian production,” said the CEO of Export Development Bank of Iran and the former chairman of Securities and Exchange Organization, Ali Salehabadi, in an interview with SENA.
Salehabadi noted that with a population of over 80 million, Iran's potential is enticing for every producer but instead of offering this opportunity to foreign producers, local manufacturers must move in to make the best of it. 
To have a competitive edge in the global markets, Iranian products need to be both of high quality and affordable. Consequently, they can be exported and only then local consumers can put their trust in the quality of Iranian products.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/XeZvEi
04/24/2018
  1. https://goo.gl/dEh5AG
  • https://goo.gl/WejCa3
  • https://goo.gl/bn967f
  • https://goo.gl/asdZ3B
  • https://goo.gl/tGsJCP

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Add new comment

Trending

Googleplus