BAKU, Azerbaijan, August 16
By Elnur Baghishov – Trend:
The loans worth 24.4 trillion rials (about $580 million) have been allocated for exporters in the package to support the export of non-oil products by calculating the bank reserves in Iran, Deputy Minister of Industry, Mining and Trade of Iran and Head of the Trade Promotion Organization of Iran (TPOI) Hamid Zadboum said, Trend reports citing the organization’s website.
According to Zadboum, bank reserves will provide for 60 percent in this package.
The chairman added that Iran's National Development Fund expected to allocate 20 trillion rials (about $476 million) for a package to support non-oil exports.
"Iranian banks should allocate this amount of loans from their reserves as working capital for exports," he said.
The deputy minister stressed that currently, Iranian banks have potential to issue loans worth 15.6 trillion rials (about $371 million).
Iran exported more than 30 million tons of non-oil products worth $8.71 billion during four months. The top five main countries importing from Iran were China, Iraq, the UAE, Afghanistan and Turkey.