Jan 3, 2016, 11:44 AM
News Code: 81904668
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70% of required import currency supplied by non-oil exports

Tehran, Jan 3, IRNA - Managing Director of Iran Export Guarantee Fund, Kamal Sayyid Ali said that 70% of the required import currency is supplied by non-oil exports.

In the signing agreement ceremony with Managing Director of Parsian Bank, Sayyid Ali said that supplying the required currency by non-oil exports reduces the pressure on Central Bank to supply import currency.

To overcome the problem of liquidity, $200m was allocated to technical services exported to Iraq, he said.

Managing Director of Parsian Bank, Kourosh Parvizian also referred to the positive impact of the economy of resistance on export-based production.

He said that granting export credits to the buyers of Iranian goods and services would be a solution to non-oil exports development.

He added that granting credits will also increase the competitive advantage of Iran's products.