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FinancialNews


  • 14-06-20

    Iran- almost 420m USD of facilities due to production units

    (MENAFN)


    According to IRNA, regarding the production and employment program, 168 units were presented to the country's acting banks in two months, as 69 units received facilities worth 2.8 trillion rials (about 66.6 million U.S. dollars).

    Following a strategy to aid local production in the last Iranian calendar year (ended on March 19) which was called the year of "Pick-up in Production" by the Leader of the Islamic Revolution Seyed Ali Khamenei, more than 15 months from February 20, 2019, to May 20, 2020, a total of 2,500 production units were transferred to the country's acting banks, as 737 units have received facilities amounted at 40.4 trillion rials (about 961.9 million U.S. dollars).

    As stated by the data released by the Central Bank of Iran (CBI), the Iranian banking system paid 9.749 quadrillion rials (over 232 billion U.S. dollars) of facilities to local economic fields in the previous Iranian calendar year, 26 percent more than the preceding year.

    In 2019, the Industry Ministry fulfilled several programs for encouraging local production and surging exports which involved helping small and medium-sized enterprises (SMEs) and renewing the country's idle production units.

    MENAFN1406202000450000ID1100321467

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