Allocation of Riyal credit line to Ministry of Security for financing industries

According to Mehr News Agency, quoted by the Central Bank, Mohammad Aram, Deputy Foreign Minister of the Central Bank, said in a meeting to examine the issues and problems of Iran's home appliance manufacturers: the Central Bank is trying to cooperate with the Ministry silence In order to predictability and increase the financial and production planning power of companies, it will soon announce the allocation schedule of all order registrations. Also, the issue of 5% deposit (deposit of 5% of the order registration value of the foreign currency applicant) before allocation has been removed at the request of producers.

Aram added: In order to finance production companies with riyals, a credit line of riyals to the ministry silence It has been allocated that the share of the home appliances industry should be given by the Ministry silence to be determined; In addition, manufacturing companies can also use the bond mechanism to finance Riyal.

Central Bank's Vice President of Foreign Exchange said: Also, according to the request of producers, the duration of valid allocation will also be increased.

Referring to the possibility of using the credit allocation circular for producers who have the possibility of obtaining credit from foreign sellers, he said: this category of companies can use for you credit and temporary allocation, by declaring their goods at the customs, clear them immediately.

In this meeting, Fazelinia, the secretary of the Iran Household Appliances Manufacturers Association, mentioned the high costs of financing for companies, the long process of approval system, allocation and supply of currency as the most important concerns of manufacturers.