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Iran cuts down interest rates on export loans

Business Materials 23 October 2016 17:46 (UTC +04:00)
In a bid to give a boost to non-oil exports, the National Development Fund of Iran (NDFI) has cut down interest rates on loans allocated to those who export non-oil products

Baku, Azerbaijan, Oct. 23

By Khalid Kazimov – Trend:

In a bid to give a boost to non-oil exports, the National Development Fund of Iran (NDFI) has cut down interest rates on loans allocated to those who export non-oil products.

The NDFI has decreased the export loan interest rates to 11 percent, Mehr news agency reported.

The export loan interest rates were earlier set at 14 percent, the report added.

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