Banks are required to return confiscated property

Banks are required to return confiscated property
  • 2020-06-27
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The head of the Ministry of Industry, Mines and Trade announced the approval of the Monetary and Credit Council to return the production units acquired with easy conditions to their original owners.

According to the International Iranian Stone Exhibition, Hossein Modarres Khiabani said: "Production units that have remained stagnant due to debt should refer to the headquarters for facilitating and removing production barriers so that their problems can be resolved."

The head of the Ministry of Industry, Mines and Trade added: "The Monetary and Credit Council has also approved that the banks return those units of production acquired due to debt to their original owners with easy conditions."

He pointed to the arrival of the "Production, Continuation of Hope" movement to the third station, taking advantage of large-scale industrial and mining projects yesterday. Development is underway, in a situation where production dynamics, the continuation of hope in order to take advantage of two hundred large industrial and mining projects with an investment of one hundred and seventy thousand billion tomans and the employment of forty one thousand people directly, confirms this.

Referring to visits to various production units, the street teacher said: "Production in industrial units is increasing and most production units have opened their development projects, which is an honor for the country."

The head of the Ministry of Industry, Mines and Trade continued: "This shows that despite the fact that the country has been subjected to the most hostile sanctions, but not a single bit has gone out of the way of production, development and progress, which is a great honor."

He added that the country's liquidity and stray capital should be directed to productive affairs outside of mediation.