Economy, Domestic Economy

Need for Mining Bank

Need for Mining BankNeed for Mining Bank

The deputy head of Iran’s Mines House said his organization has submitted a request to the Central Bank of Iran for the establishment of a mining bank with initial capital of 6 trillion rials ($223 million), IRNA reported. In a meeting with mining professionals on Sunday, Mohammad Reza Bahraman said that the establishment of the bank will contribute a great deal to the development of the mining sector in Iran. The deputy added that once the parliament addresses the manufacturing sector’s woes, the private sector can play a more active role.