Banking and insuranceEconomicalEconomicalBanking and insurance

85% growth in granting facilities to knowledge-based institutions in the last three months


According to Iran Economist From Central Bank, “Mohammedreza Farzin” today afternoon in the meeting and meeting of the vice president for science and technology and a group of leading organizations and companies in the field of knowledge-based activities, emphasizing the all-round support of the banking system to these effective companies, said: in order to solve the foreign exchange problems of companies Knowledge-based and in line with their practical support, a credit line of 500 million dollars is allocated for this sector this year.

Referring to the formation of a committee for supply and allocation of currency in the Central Bank with the presence of the Ministries of Mining Industry and Trade, Health and Medical Education, and Agricultural Jihad, the Governor General of the Central Bank said: In this committee, the annual foreign exchange needs of different sectors based on the sources, determination and quota of each Sections are specified for credit opening.

He clarified: Considering the necessity of paying serious attention to knowledge-based companies and in order to accelerate the solution of the foreign exchange needs of the sector’s activists, the Central Bank will allocate a new credit line of 500 million dollars this year, apart from the quota for this sector.

Farzin continued to emphasize: the conditions for the allocation of this line of credit will be determined with the cooperation of the Presidential Practical and Technology Vice-President and the Ministry of Security. Of course, in the same direction, the representatives of these companies can participate and actively participate in the currency supply and allocation committee.
The Governor General of the Central Bank said: Considering the upcoming openings in the field of foreign exchange, the special credit line for knowledge-based companies will be able to increase in the coming years.

According to Dr. Farzin, in order to meet the need of knowledge-based companies to participate in export exhibitions for the purpose of marketing, these companies can also provide the currency they need in this field from the service needs header of the relevant system.

In this meeting, considering the problems of the active companies in the field of knowledge-based companies to provide liquidity and working capital, as well as the need to accelerate the timely provision of liquidity for these companies, the Governor General of the Central Bank ordered a committee to develop regulations for Rial facilities required by knowledge-based companies with the participation of The credit department of the central bank and the science and technology vice president should be formed.

85% growth in granting facilities to knowledge-based institutions only in the last three months
Dr. Farzin pointed out: Last year, 187 thousand billion Tomans of facilities were allocated for knowledge-based companies, which had a growth of 165%. Also, in the two months of this year, 20 thousand billion Tomans of facilities were paid in this sector, which has a growth equivalent to 85%.

In the continuation of this meeting, while emphasizing the serious support of the banking network to knowledge-based companies active in the field of banking communication, the Governor General of the Central Bank also said that the development of banking relations with neighboring countries is one of the main priorities of the Central Bank, and in this regard, the use of the services of domestic knowledge-based companies will definitely be used. became.

Dr. Farzin added: Right now, Iran’s Shatab card network is being connected with Mir of Russia, and establishing this connection with China and Turkey is also on the agenda.
In another part of his speech, the Governor General of the Central Bank pointed to the complaints of some knowledge-based companies about the long process of providing and allocating currency and the presence of some violations in the exchange network of the country, and emphasized: Dealing with violations is the inherent duty of the governing institutions, and it is a request from all the activists of this sector. If you see any violations in the exchange network, please reflect the examples with the central bank. The central bank will definitely deal decisively with the violators, and the license of the violator exchange offices that ask foreign exchange applicants to pay under the table will be revoked.

Farzin named holding joint meetings with various production departments in order to solve their problems as one of his work priorities and said: In this regard, several meetings have been held with drug industry activists, which have had good results.

According to this report, Dr. Dehghan, the vice president for science and technology, while presenting a report on the capacity of knowledge-based companies, said: 8,600 knowledge-based companies are currently active in the country, and the annual sales value of these companies’ products is 400 thousand billion tomans. These companies have a maximum of 500 million dollars in foreign exchange, nearly 1 billion dollars, and they save more than 5 billion dollars for the country every year.

He stated: Knowledge-based companies have a very good capacity in the field of helping the banking network and improving the payment and communication systems of the bank, and if the banking network needs it, there is a possibility of developing cooperation with the central bank in this field.

It should be mentioned that in this meeting, the representatives of knowledge-based companies also expressed their issues and problems in the field of currency supply and liquidity, such as the time-consuming nature of currency supply, the priority of knowledge-based companies in receiving Rial facilities, the violation of some exchanges in the field of receiving under-table and the necessity of facilitating One of the topics raised in this meeting was the timely supply of foreign exchange needs.

At the end of this meeting, it was decided to prepare a separate package for knowledge-based companies jointly between the Vice President for Science and Technology and the Central Bank, and implement solutions to solve problems based on the understandings reached.

Leave a Reply

Back to top button