Tehran, Iran, May 4
By Mehdi Sepahvand -- Trend:
A foreign investor today bought shares from the Iranian OTC market using the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
The investor purchased 30 percent of the shares of a company offered in the market at €51 million, said Afsaneh Owji, a top official at the Iranian OTC market, IRNA news agency reported May 4.
The news is noteworthy in that Iran was only recently connected to SWIFT after international sanctions on the country were lifted.
The issue whether Iran is really connected to the network or not has already turned into a hot topic of dispute between government officials and rival parties which express doubt over the authenticity of the nuclear deal that paved the way for the removal of the sanctions.
One month before the nuclear deal was put into action, foreign investors' total transactions value in the Iranian capital market amounted to 420 billion rials (each 30,000 rials making one USD). But the number rose 12 times after the implementation of the deal to hit 5.11 trillion rials.
Currently investors from 35 countries are active in the Iranian capital market.