Iranian Deputy Minister for Industry, Mining and Trade Reza Fatemi-Amin believes that Iranian industry needs about $57 billion of investments, Trend reports.
The National Development Fund (NDF) will provide part of the sum.
The deputy minister noted that national manufacturers were discouraged by the high price for foreign currency.
The NDF issued $3 billion for agricultural and industrial development. 10% of NDF assets will be spent on support of national manufacturers.
The Central Bank of Iran released bonds worth about $2 billion due to high currency prices. Iranian economy suffered from 4000 trillion rials of liquidity, 24% inflation rate and GDP growth rate of 0.4%. The dollar was worth 13000 rials in early 2012, 25000 rials in mid-September and reached 36000 rials in a week.
