TEHRAN, Iran, Nov.1
Trend:
Iran ministries of economy, industries, and oil are joining the Central Bank of Iran to review supportive solutions for transparent trades in the stock exchange and capital market, Trend reports citing IRNA.
The capital market is expecting to have high revenue in long term and compete against other rival markets, said the Minister of Economic Affairs and Finances.
The Securities and Exchange Organization and the Minister of Economic Affairs and Finances will develop instruments to create a transparent and predictable market.
The Securities and Exchange High Council plans to eliminate official rate pricing of industrial shares while the Ministry of Industries, Mine and Trade are expected to change the pricing system for auto sale at the mercantile exchange.
The ministries of oil and industries are in talks with the Central Bank of Iran to create a trust for investment in the market.
The government seeks to increase revenue from the sale of its properties at the stock market to compensate for its budget deficit.