Iranian gov. assigns more than USD500m to aid financial markets
(MENAFN) According to head of Iran’s Capital Market Development and Stabilization Fund Amir-Mehdi Sabaei statement, the National Development Fund of Iran (NDF) will put 120 trillion rials (about USD510 million) into the account to back the stock exchange.
Sabaei stated, “according to a recent decision of the government's Economic Coordination Headquarters, 120 trillion rials of new deposits will be made by the National Development Fund, which will be gradually transferred to the account of the Capital Market Development and Stabilization Fund.”
Sabaei expressed that the deposit can also be funded via the money as well as capital markets; whereas other suggestions like the moving of government assets that value 500 trillion rials (about USD1.68 billion) to the fund have also been recommended to enhance the fund's funding size.
Sabaei stated, “according to a recent decision of the government's Economic Coordination Headquarters, 120 trillion rials of new deposits will be made by the National Development Fund, which will be gradually transferred to the account of the Capital Market Development and Stabilization Fund.”
Sabaei expressed that the deposit can also be funded via the money as well as capital markets; whereas other suggestions like the moving of government assets that value 500 trillion rials (about USD1.68 billion) to the fund have also been recommended to enhance the fund's funding size.
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