Selling Iran’s Justice Shares to become legal in two months
Azerbaijan, Baku, June 1/ Trend R.Zamanov /
Iranians will be able to trade their Justice Shares in two months, Head of Iranian Privatization Organization, Rahim Ahmadvand, said.
Currently trading Justice Shares is illegal, the IRNA News Agency reported.
In the next two months selling the shares that are paid off will become legal, Ahmadvand explained.
Under the Justice Shares plan, Iranians are supposed to pay off the installments of the original value of the shares with the interest of the stocks.
As of November 12, 2006, the Iranian cabinet approved the bylaw for increasing Iranian households' wealth through expanding the cooperative sector's share on the basis of "Justice Shares Distribution Scheme".
Under the present interpretation of the Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatized with some of the shares being earmarked for distribution among 'deprived' classes, such as farmers and workers.
In the first tranche, Justice Shares were distributed among 23 million villagers, and many rural workers have benefited under this scheme.
Iranian parliament (Majlis) speaker Ali Larijani said that transferring economic activities to the public will remove the unemployment problem.
"Implementing the Article 44 of the Constitution regarding privatization is meant to transfer economy to the public," Larijani added.