Increasing the capital of Iran's Export Guarantee Fund
Chairman of the Board and Managing Director of the Export Guarantee Fund of Iran: The Supreme Economic Coordination Council has approved the capital increase of the Export Guarantee Fund of Iran.
According to the International Iranian Stone Exhibition, Afrooz Bahrami announced the news, adding: "In today's meeting of the Supreme Economic Coordination Council, which was held in the presence of the heads of the three branches, the issue of increasing the capital of the Export Guarantee Fund was approved."
It is worth mentioning that Afrooz Bahrami, "Chairman of the Board and Managing Director of the Export Guarantee Fund of Iran" had previously mentioned the need to increase the fund's capital, saying that we are trying to increase this amount to five hundred million dollars.
According to him, according to world standards, at least one percent of exports should be the amount of capital of export guarantee funds. Therefore, taking into account non-oil exports alone, the capital of the Export Guarantee Fund of Iran should be five hundred million euros.
Bahrami added: "Although we do not currently have sufficient capital in the fund and we have to pay ten times the current level of risk coverage according to the standard, we have not stopped working and continue to provide services to exporters."
* ILNA
