NDFI to Inject $200m in the Stock Market

The National Development Fund of Iran, the sovereign wealth fund, is to inject $200 million to help prop up the stressed share market. 
The decision has been approved by the Central Bank of Iran,  the bank’s governor Abdolnasser Hemmati said and outlined other supportive measures to help boost demand for shares. 
In a note posted on his social media account, Hemmati pointed to measures approved by the government on Tuesday. “Supporting the bourse and restoring the trust of retail investors is the collective will of the government and the parliament.”