Iran's CB Injects $50m to Help Share Market

The Central Bank of Iran said Sunday it injected the rial equivalent of $50 million into the Capital Market Stabilization Fund.
It was deposited on behalf of the National Development Fund of Iran, the sovereign wealth fund, as per a plan to deposit $200 million with the CMSF to lift the stock market, the CBI said in a press release seen on its website.
Provisions of the fund is line with a broader support package approved earlier in the month to stimulate demand in the struggling stock market.