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Iran's NDP injects new funds into Capital Market Stabilization Fund

Iran Materials 11 August 2022 14:44 (UTC +04:00)
Iran's NDP injects new funds into Capital Market Stabilization Fund

TEHRAN, Iran, August 11. The National Development Fund (NDF) has deposited a total of 60 trillion rials (about $1.4 billion) to the Capital Market Stabilization Fund, said the head of the Capital Market Development and Stabilization Fund, Amir-Mahdi Sabaei, Trend reports citing ISNA.

He noted that the NDF has recently injected 10 trillion rials (about $23 million) into the Capital Market Development and Stabilization Fund on Saturday.

The official has indicated that so far 5 trillion rials (about $119 million) have entered the market in the form of net stocks purchase while the resources used by the Securities and Exchange Organization for trading stocks have returned to the Capital Market Development and Stabilization Fund.

The Capital Market Development and Stabilization Fund’s mission is to support the Iranian stock market. The money loaned from the NDF should be repaid over a specified period and the maturity can be extended. The Capital Market Stabilization Fund is responsible for paying the principal amount plus interest.

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