CMSF Awaits Fresh Funding

The government plans to inject fresh capital into the Capital Market Stabilization Fund (CMSF) to stimulate the battered share market.
Citing a recent decision taken by the Government Economic Coordination Headquarters, Amir Mahdi Saba’ie, managing director of the CMSF, said the government has agreed to withdraw $510 million from the National Development Fund of Iran (the sovereign wealth fund) and deposit the rial equivalent with the CMSF, IRNA reported.