Granted $6,000,000 from the Bank of Industry and Mine

"The National Development Fund has an intergenerational role for the Iranian currency reserve, which, in accordance with Article 84 of the 5th Development Law, aims to convert part of the proceeds from the sale of oil and gas and gas condensate and petroleum products to permanent, productive and economic growth assets, and to maintain The share of future generations from oil and gas and oil products has been established.

The facilities of the National Development Fund are divided into 2 parts of the currency and rial facilities; according to the Fund`s charter, the users of the Facility`s facility are private sector, cooperative and economic entities belonging to public non-governmental organizations.

By the end of the year 2017, the total amount of currency facilities accepted by the fund was 37 billion and 488 million dollars, of which 34 billion and 857 million dollars have been allocated to the allocation of foreign currency.

Of the total currency facilities blocked, $ 20 billion and $ 242 million were allocated to the private sector, equivalent to $ 94 million to cooperative sector projects, and $ 141.5 billion to the plans of the enterprises affiliated with the public non-governmental organizations.

Accordingly, from the total amount blocked to pay the facility through foreign currency contracts, $ 15.173 billion has been paid in partnership with the operating and central banks


In 2017, the National Development Fund initiated an economic plan for depositing in state and private banks for granting rial facilities; total funds deposited by the Fund amounted to $2, 240, 000, 000 .

The total deposits made between the beginning of 2015 and the end of 2017 are also $ 4,440,000.00.


Based on the information recorded in the system of the facility`s facility management system by banks in 2017, all contracts concluded this year and previous contracts that were active during the past year totaled more than $ 1,386,000 to applicants whose total This amount will be $ 2,278,000 from the beginning of 2015 until the end of 2017.


In 2017, a total of 18 items were awarded by the agency for the grant of currency facilities for $ 250,000 for eligible applicants from foreign exchange funds, with the largest amount of contracts for the Bank of Industry and Mines with $ 3,000 million and the Pasargad Bank And the nation with $ 1,500 and $ 1,200 million, respectively, in the subsequent allocation of currency facilities.


Last year, 47 items were announced, totaling $ 2 billion and $ 941 million, and closed to the Central Bank of the Islamic Republic of Iran for 24 projects in the amount of $ 1.759 million.

Also, this year, a total of $ 607 million was proposed for a number of reasons, such as non-fulfillment of obligations by the applicant within the deadline, or the request of the agent was canceled.

According to the Central Bank`s report of the total blocked currency facilities since the establishment of the fund, in 2017, total issuance of securities issued by the banks for the opening of the credit facility was $ 6.945 million for 81 projects. A final payment of $ 5 billion was also made for 158 items.

The assessment of the operation of the foreign exchange facility of the National Development Fund in 2017 indicates that the industry and mining sector with 68 items worth $ 333 million, the largest number of foreign exchange facilities, and upstream oil and gas with 9 items in the plan of $ 2.49 billion. Foreign exchange facilities are worthwhile.

According to the report, the most open currency facilities with up to $ 3 billion and $ 88 million are upstream, with $ 545 million blocked.