$500M Credit Given to Knowledge-Based Firms

EghtesadOnline: Mohammad Reza Farzin, the governor of the Central Bank of Iran said $500 million credit line was given to meet the currency needs of knowledge-based firms in the current fiscal year that started in late March.

News ID: ۷۵۲۶۳۷

30 June 2023

Mohammad Reza Farzin, the governor of the Central Bank of Iran said $500 million credit line was given to meet the currency needs of knowledge-based firms in the current fiscal year that started in late March.

In a meeting with the vice president for scientific and tech affairs and representatives of leading knowledge-based companies, Farzin noted the support of the banking sector for the big companies.

"To address the currency issues faced by knowledge-based companies and effectively support them, $500 million in credit was allocated to them," the CBI website reported.