Iran's government voices support for local stock exchange

Business Materials 27 January 2021 14:43 (UTC +04:00)

BAKU, Azerbaijan, Jan.27


The Iranian government's approach to stock exchanges has always been positive, supportive, the government's spokesman Ali Rabiei said, Trend reports via IRNA.

"Preserving independence of capital market and people's interests are considered principles of the government and it would not fail to take any action in this regard," said Rabiei.

"The government welcomes and seeks any decision to improve the stock exchange, however stock market always has ups and downs," he said.

"The stock exchange is a transparent market under supervision and it is active based on its own mechanisms, the outlook toward investments in the stock market should be long term," he said.

"In terms of stock market we should depend on its mechanism. The management of the balance of the stock market has been given to to the Ministry of Economic Affairs," Rabiei said.

"The expansion of the capital market and its sensitivity in recent months should be taken into account," Rabiei said. "We should let the stock market experts deal with those."

"The government believes and insists on legal mechanisms in the stock market. The Ministry of Economic Affairs should follow the monetary and commercial policies, the claims about government's interference in the stock exchange are false," he said.