Iran gets $5bn credit line from Hermes Euler

On December 29, 2015, Posted by , In News, By , With No Comments

The German Euler Hermes credit institution has agreed to establish a $5 billion credit line for Iran, Mohammad Khazai deputy minister of economy said Saturday. The credit is to be granted over 2-3 years. Hermes had previously guaranteed some loans for Iran but the country was unable to meet its…