Over $880m of banking facilities allocated to knowledge-based companies

April 29, 2018

TEHRAN – Some 37.5 trillion rials (about $889.5 million) worth of banking facilities were provided to Iranian knowledge-based companies during the past Iranian calendar year (March 2017-March 2018), Mehr news agency reported on Saturday.

According to Central Bank of Iran (CBI), only in the last month of the past calendar year (February 20-March 21, 2018) 4.8 trillion rials (about $114 million) worth of banking facilities were paid to knowledge-based companies.

EF/MA

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