BAKU, Azerbaijan, August 19
By Elnur Baghishov – Trend:
The value of shares sold by state-owned companies on the Iranian stock exchange has amounted to 180 trillion rials (about $4.28 billion) since beginning of current Iranian year (March 20, 2020), Iranian Vice President and Head of the Planning and Budget Organization of Iran Mohammad Bagher Nobakht said, Trend reports citing the organization’s website.
The vice president noted that the volume planned in the state budget was 119 trillion rials (about $2.83 billion) in the Iran’s current budget.
Nobakht added that the sale of shares of state-owned companies helped to strengthen of the stock exchange.
The official noted that the government's expectations for oil revenues in the current year have not been met.
“In any case, the US sanctions against Iran are not forever,” he said.
The value of Iran's current year's budget is 5.7 quadrillion rials (about $135 billion).
The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies and individuals.