Forex Loans

EghtesadOnline: Applicant of forex-based loans, known as Manaei in Persian, are paid the rial equivalent of forex loans. Borrowers also pay the rial equivalent of the installment calculated based on the on the foreign exchange rates.

EghtesadOnline: The National Development Fund of Iran, the sovereign wealth fund, plans to lend $10 billion in foreign currency for private sector projects in the current fiscal (March 2019-20).