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  • 04-10-20

    More than 238 million USD of facilities to be owed for underneath saffron manufacturing

    (MENAFN) Iran's planning and Budget Organization (PBO) has marked a bilateral memorandum of understanding (MOU) with three of the country's banks on the allowance of 10 trillion rials (concerning 238.09 million USD) for carrying the saffron business.

    On Saturday October 3 IRNA accounted that Deputy Head Hamid Pour-Mohammadi and the managing directors of Agriculture Bank, Mellat Bank, and Export Development Bank of Iran marked the MOU PBO's.

    Pour-Mohammadi reminded speaking in the marking ceremony that the talked about funding will be provided to saffron manufacturers and computers in the form of bank facilities to sustain the manufacture of saffron and the packing and processing of this merchandise which has been crashed by the pandemic of coronavirus.

    The official stated the interest rate of the talked about facilities would be 18 percent, of which PBO has approved to pay three percent.

    MENAFN0410202000450000ID1100899532

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