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Repayments of foreign currency loans should be based on previous rates

Repayments of foreign currency loans should be based on previous rates

 
Repayments of foreign currency loans should be based on previous rates
 
The head of Industrial and Mineral Association network said that in the past few years, foreign exchange facilities for raw materials and manufacturing equipment for the production units are expected to pay these refunds based on the exchange rate than pervious.  
 
Bijan Panahizadeh during an interview with Student News Agency ( ISNA) told a financial journalist in Khozestan that currently the production units are asked to buy the rate three times higher than the former price. 
He added: not only these units pay interest on loans in edition, but also they pay the difference in the exchange. 
The head of Industrial and Mineral said that the currency rate was 900 toman but now it's reached to 3000 toman. 
 
He expressed: The currency conversion is also the place to Rials, by the Fund for Development National, seven thousand dollars to pay for working capital to units. Although this plan was approved by the government but it has been rejected by parliament and it's not been implemented yet.

Publish date:1391/08/27

ISNA

Nov 19, 2012 09:53
Isna |
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