TEHRAN, Iran, Dec. 20
Trend:
Recent fluctuations on Iran's foreign currency market have seriously impacted the livelihoods of the people, Deputy Chairman of the Economic Commission of Iran's Parliament Kazem Mousavi told Trend.
He was talking about the impact of the exchange rate shocks on the population.
Given that foreign exchange and the stock markets are under the Iranian government supervision, Mousavi urged the government to play a more proactive role in stabilizing the economy.
"More than 55 million Iranians – roughly two-thirds of the country’s population, who invested in the Tehran Stock Exchange in the last two years, have lost money," said the MP.
Emphasizing that the government should improve the economic infrastructure, he suggested the issuance of bonds with embedded option.
An embedded option is a function that allows holders or issuers of financial securities to take specified action against one another in the future. Embedded options materially affect the value of a security.