TEHRAN, Iran, May 2. Iran's National
Development Fund (NDF) has paid 1.3 trillion rials (about $309
million) to the Capital Market Development and Stabilization Fund
to support the Iranian stock market, Trend reports citing IRNA.
According to agreements between the two funds, 12 trillion rials
(about$2.8 billion) is to be paid in installments.
The National Development Fund has paid a total of 2.7 trillion
rials (about $642 million) from the following sum to the Capital
Market Development and Stabilization Fund in the last Iranian year
(started March 21, 2021) and the next payment will be in the
current Iranian year (started March 21, 2022).
The Capital Market Development and Stabilization Fund’s mission is
to support the Iranian stock market. The money loaned from the
National Development Fund should be repaid over a specified period.
The Capital Market Stabilization Fund is responsible for paying the
principal amount plus interest.
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