Ability to move currency from any source to any destination

Ability to move currency from any source to any destination
  • 2020-07-11
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Managing Director of Export Development Bank: We are ready to transfer the foreign exchange funds of exporters through the bank's exchange office from any origin to any destination.

According to the International Exhibition of Iranian Stone, Ali Salehabadi stated: On July 19, this bank entered its twenty-ninth year of operation; This bank has played an effective role in advancing the goal of developing non-oil exports in the country.

He added: the currency of non-oil exports can run the country in this situation; One of the sources of the country's currency is non-oil exports. Therefore, the mission of the Export Development Bank, which is to support non-oil exports, is doubled.

"We had more than $ 40 billion in non-oil exports last year," he said. "In the last three decades, we've had a lot of support for non-oil exports, even when oil exports were at their peak.

Salehabadi, emphasizing that we did not have any overdrafts from the Central Bank, continued: "The performance of the Export Development Bank in the interbank market is appropriate and it is mainly depositors rather than depositors." At the same time, compared to other banks, the surplus property is much lower.

He added: "While it is over eighty percent of the facilities of the foreign exchange bank, the volume of arrears due to the crisis and foreign exchange conditions is eleven percent and four percent in the rial sector." Of course, we tried to facilitate the repayment of the facilities for the customers who were affected by the sanctions and the corona, because the borders were closed for some time and it was not possible to operate.

The CEO of the Export Development Bank, while pointing out that the average interest rate of this bank is fourteen to fourteen and a half percent, said: "We have implemented a package to support knowledge-based companies, which according to one of the materials of this package is the interest rate of payment facilities Is twelve percent; We considered about four thousand billion rials of resources for knowledge-based companies.

He added: "We buy export currency notes of exporters at the Senate rate to support exporters; This process started in August of last year with the permission of the Central Bank and continues. We are ready to buy all the currency brought by the exporters at the current rate of the Senate at the current rate of the Senate and deposit the Rial in the account of the exporter on the same day.

He added: "If they want to sell themselves, they have to sell two thousand dollars for two thousand dollars, but we will do this purchase together at the current rate." We are also ready to transfer the foreign exchange funds of exporters through the bank's exchange office from any origin to any destination.

The CEO of Saderat Export Development Bank, stating that the bank's facilities have increased compared to the previous year, announced the initial public offering of shares of the bank's subsidiaries and specified: It is a civilization that has gone through the preliminary stages and we hope to have an initial public offering of stocks by the end of the summer; Seventeen percent of the shares of the Joint Bank of Iran and Venezuela will be offered by the end of this year if the Central Bank agrees.

Salehabadi, in response to a reporter's question about the process of buying exporters' currency at market prices due to the reluctance of exporters to return the currency to the country and the recent problems in the foreign exchange market, said: "We started last year and an acceptable amount of banknotes from We bought exporters; This is still being done, but it is less than last year.

He also added: "We do not have exact statistics on whether the exporters who did not import their currency are public or private. This statistic is at the disposal of the Central Bank. Of course, we asked the Central Bank to have this information at the disposal of the Export Development Bank. Exporters are working. We need to be aware of this information.

* Tasnim