Extension of the opportunity to postpone the claims of production units until September next year
The Central Bank announced the decision of the Monetary and Credit Council to extend the deadline for using the resolution of this council to determine the non-current debt of production units until the end of September of the year to the banking network.
According to the International Iranian Stone Exhibition, the Central Bank announced the decision of the Monetary and Credit Council to extend the deadline for using the decision of this council to determine the non-current debt of production units until the end of September next year to the banking network.
The text of this circular states: Following the circular No. 98.431353 dated 12.12.1398 Subject of notification of the resolution of the meeting dated 29.11.1398 regarding the need to defer the receivables of production units that have non-current debts The Monetary and Credit Council, at its 139th meeting on 11/21/2013, with the aim of assisting manufacturing companies in a year decorated with the so-called "production leap", proposed that the Central Bank of the Islamic Republic of Iran Agreed to extend the deadline for using the benefits of the said decree, and thus the deadline mentioned in Note (2) below paragraph "a" of the above-mentioned circular, was extended until the end of September next year.
Accordingly, the credit institution is obliged, at the request of the production units involved, to receive claims from them, all or part of which have become non-current, for once and for a maximum of five (5) years, taking the amount (7.5%). Proceed from the debt balance and with a six-month breathing period in the framework of the "Instructions on how to defer the claims of credit institutions".
In view of the above, please expedite the order and in accordance with the provisions of Circular No. 149153.96 dated 5/16/2017, all relevant units of that bank, non-bank credit institution have been notified. And its proper implementation should be closely monitored.
