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Monday 10 February 2014
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NDFI to deposit 20% of resources in foreign currency with the domestic Banks

Having ratified some other chapters of the 1393 Budget, the MPs authorized NDFI to deposit 20% of its resources in foreign currency with domestic private and state banks. The interest will be used to achieve NDFI objectives. The deposits, under no circumstances, can be converted to Rial through the Central Bank. Like last year, NDFI can keep its funds with the CBI approved accoun...

Having ratified some other chapters of the 1393 Budget, the MPs authorized NDFI to deposit 20% of its resources in foreign currency with domestic private and state banks. The interest will be used to achieve NDFI objectives. The deposits, under no circumstances, can be converted to Rial through the Central Bank.

Like last year, NDFI can keep its funds with the CBI approved accounts abroad.

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