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Iran's frozen capital must be added to Export Guarantee Fund’s capital

Finance Materials 2 December 2019 19:06 (UTC +04:00)
Iran's frozen capital must be added to Export Guarantee Fund’s capital

BAKU, Azerbaijan, Dec. 2

By Elnur Baghishov - Trend:

Iran's frozen capital must be added to the capital of Iran's Export Guarantee Fund, Chairman of Iran’s Technical, Engineering Services & Energy Industries Exporters Association and Member of the Presidium of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Mohammad Reza Ansari said.

Ansari made the remark at the event dedicated to the National Export Day in Tehran, Trend reports referring to IRNA.

“Iran’s Export Guarantee Fund has very little capital - $100 million,” the chairman of the association said. “For example, the capital of Turkey's Export Guarantee Fund is $2 billion, and the capital of Saudi Arabia’s Export Guarantee Fund is $4 billion.”

“The population has reached 80 million people in Iran,” Ansari said. “Iran may export the products worth $600 billion while presently the figure is $44 billion.”

"Some $800 billion have been mastered by Iranians outside Iran," the chairman of the association said.

He added that 8,000 exporters are engaged in export, and they expect support in the current difficult conditions.

Ansari proposed that the exporters should be provided with the funds to render assistance in export.

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