Iran’s government orders central bank to bolster stock market
Central bank ordered to sell off $200 million in assets and lift restrictions on investing
The Iranian government ordered the central bank to sell $200 million from the sovereign wealth fund to fund the equities market, reports state-controlled media.
An Iranian economist told Central Banking that the move was a government effort to reduce public disquiet over falling equities, which many Iranians invest in.
The vice-president for economic affairs, Mohammed Nahavandian, signed a decree mandating the sale from the National Development Fund on May 11, Press TV said. The order compels
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