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NDFI Loans to Help Lift Sagging Bourse

NDFI Loans to Help Lift Sagging Bourse  NDFI Loans to Help Lift Sagging Bourse

The National Development Fund of Iran, the country's sovereign wealth fund, has deposited 10 trillion rials ($40 million) with the Capital Market Stabilization Fund to be invested in the stock market. 
The deposit was made on Thursday, Mohammad Aqa Babaee, managing director of the CMSF told the state news agency IRNA. 
In September the High Council of Securities and Exchange, the share market regulator, approved a decision based on which 1% of NDFI revenue would be transferred to the CMSF to help mitigate the credit crunch in the bourse.

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