Iranian banker: sanctions create serious problems for local banks
Baku, Azerbaijan, July 22
By Elnur Baghishov – Trend:
Iranian banks are facing serious problems due to US sanctions, Governor of the Central Bank of Iran Abdolnaser Hemmati said at the plenary session of the Iranian Parliament, Trend reports referring to ISNA.
According to Hemmati, the number of these problems cannot be allowed to grow, and if the problems are neglected, Iran may forfeit the services provided to the Iranian economy by the country’s banks.
He added that these problems can be solved if the Iranian parliament approves the project proposed by the Central Bank.
Touching on a number of details considering the project, Hemmati said that 20 billion rials (app. $476,000) are intended for legal persons in each field of the economy in this project.
"The Central Bank of Iran tries to solve the problems of citizens and businesses. Some 20 billion rials will be allocated to 210,000 legal entities and financial institutions," he said.
Hemmati also said that 5 billion rials (app. $119,000) are to be allocated for 29 million natural persons as per the project.
"That is, 29 million people will receive loans from the bank, and debt problems will be solved with this project," he said.
The US imposed sanctions on Iran in November 2018 and subsequently expanded its list of sanctions several times.