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  • 05-02-20

    CBI: credit line worth USD3.7 billion to be launched

    (MENAFN) A credit line worth USD3.7 billion was released to assist the expansion of small and medium-sized enterprises (SMEs), according to the Central Bank of Iran (CBI).


    As said by CBI governor Abdolnasser Hemmati, the credit would allow manufacturers to get documents from the banks that would ensure their payments owed to suppliers of raw materials and others on the supply chain.


    Hemmati said that, "these credits would gradually be given to active manufacturing units in the country", adding that, "SMEs are a main focus of the credit facility as the government seeks to help them survive the current economic situation in the country".


    Hemmati also added that, the release of the credit facility is similar to CBI programs to assist Iranian economy expansion without depending on oil income.

    MENAFN0502202000450000ID1099654936

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