Iran’s government orders central bank to bolster stock market

Iran flag

The Iranian government ordered the central bank to sell $200 million from the sovereign wealth fund to fund the equities market, reports state-controlled media.

An Iranian economist told Central Banking that the move was a government effort to reduce public disquiet over falling equities, which many Iranians invest in. 

The vice-president for economic affairs, Mohammed Nahavandian, signed a decree mandating the sale from the National Development Fund on May 11, Press TV said. The order compels

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