Iran calls for modifying Iranian banks guarantee with India Export Development Fund

IRNA – Iranian Economy Ministry suggested modifying the guarantee of the LC agreement between Iran banking system and India Export Development Fund.

Based on the amendment, the deadline for using the guarantee of the line of credit between two sides to be extended by 2021.

Ministry of Economic Affairs and Finance is authorized to issue an amendment on behalf of the government for the relevant guarantee in order to extend the deadline of LC’s validity with the Export Development Fund of India.