Armenia begins selling shares to Iranians to attract investments
Azerbaijan, Baku, Dec. 26 / Trend T. Jafarov /
The Iranian free trade centre established in Armenia has put shares on sale in Iran, chairman of the Iranian-Armenian Joint Chamber of Commerce from the Armenia side Leon Aharunyan was quoted today by İSNA agency as saying.
He said that each share will cost 50,000 rials (about $5) and no more than 2000 shares will be sold to any one person. In general, five million shares will be put on sale.
"Besides banking benefits, Armenia will provide Iranian investors and traders with trade benefits," Aharunyan said. "Iranians who have purchased many shares will be able to stay in Armenia for a long time."
He added that the shares will be sold in Iran for rials and the proceeds will be converted to dollars and made in the form of investments which is beneficial for Iranians from the economic point of view.
"Iranians will be able to invest in Armenia's food production, building materials, cleaning products, clothing, shoes, bags and other areas," Aharunyan said.
A meeting of the joint Iranian-Armenian Chamber of Commerce was recently held.