NDF makes new deposits to financially aid Iran’s stock exchanges

2022-01-23 02:10:06

(MENAFN) According to the Head of Iran’s Capital market Development and Stabilization Fund Amir-Mahdi Sabaei statement on Friday, a segment of the funds allocated by the National Development Fund (NDF) has been put as deposits into the stabilization fund to aid the stock exchange.

Based on IRNA, Sabaei had formerly declared the distribution of 120 trillion rials (around USD430 million) of NDF resources for the Capital Market Development and Stabilization Fund.

The official stated that the remainder of the funding is also going to be paid according to a jointly decided timetable, mentioning: "We hope that the rest of the deposits, like the deposits made yesterday, will be made regularly according to the agreed schedule."

Sabaei expressed that along with the resources gotten from the NDF, the fund can also be sponsored via the money and capital markets.

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