The interest rate on export facilities fell to 11 percent

The interest rate on export facilities fell to 11 percent

The interest rate on export facilities was reduced to 11%: The Board of Trustees of the National Development Fund reduced the interest rate on Rial facilities from the fund’s resources to exporters to 11% in order to jump in non-oil exports.

At the meeting of the Board of Trustees of the National Development Fund, which was convened before noon on Saturday, November 22, 2016, and chaired by Dr. Hassan Rouhani, President and Chairman of the Board of Trustees of the National Development Fund; It was approved to reduce the interest rate on bank facilities, which are used in Rials and from the fund’s resources, to 11 percent in order to jump in non-oil exports.

The Board of Trustees also approved that this interest rate for deprived areas be reduced by another 4% to 7%.