Iran to launch forex support to boost production, industries
Iran will begin a new round of foreign exchange and rial-denominated support to boost production, officials said, following a meeting between the Central Bank of Iran (CBI) governor and the industry minister, according to Tasnim news agency.
At the meeting between Abdolnaser Hemmati and Mohammad Atabak, measures to support manufacturing and industrial units were reviewed, with a focus on easing access to financing and securing foreign currency for imports.
Hemmati stressed the importance of supporting the production sector, saying rial-denominated loans would be extended to manufacturing units introduced by the Industry Ministry.
He added that the CBI was fully prepared to expand cooperation in supplying and allocating foreign currency for production units, particularly for the import of raw materials, and would provide the necessary assistance.
Participants in the meeting emphasized the need for effective measures to address foreign exchange constraints faced by industrial units to ensure continued operations and production growth.
A report was also presented on the financial and currency needs of manufacturing units to sustain output, with officials underscoring the importance of resolving forex-related issues, securing financing and streamlining the lending process.