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CMSF Awaits Fresh Funding

CMSF Awaits Fresh Funding
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.

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