Industry, Production Top Priorities of Central Bank

A01982461.jpgTEHRAN (FNA)- The newly-appointed governor of Central Bank of Iran (CBI) said Monday that the bank will provide the banking system with a credit of 60,000 billion rials to grant loans to incomplete projects and production units requiring capital in circulation.

Mahmoud Bahmani who was speaking at a meeting between CBI officials, managing directors of state-run banks and the minister of mines and industries, added that industry and production will be prioritized by CBI and it will perform its duty with power and maintain its independence.

Stressing the need to provide liquidity to the half-finished projects, Bahmani further said that they will be able to pay back in installments once they become operational.

According to the Islamic republic news agency, Bahmani further said that facilities should have been paid based on the regulations and CBI will continue its work as per short- mid- and long-term programs.

Referring to the unification of interest rates for deposits, Bahmani also said that the interests are currently paid on account and the difference will be settled at the end of the year.

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