CMSF Chief Says Expects New Support From Wealth Fund

The National Development Fund of Iran, the sovereign wealth fund, will inject fresh funds into the Capital Market Stabilization Fund (CMSF) in the coming weeks, the CMSF chief said.
Amir Mahdi Saba’ie said the NDFI would deposit 100 trillion rials ($370 million) into the fund to help revive the struggling share market, IRNA reported.
The payment is in line with a support package announced by the government last year. In late 2020, the former government allowed the NDFI to inject $200 million in the CMSF. At the time, only 10 trillion rials (equivalent to $40 million at then exchange rates) was deposited and the balance was supposed to be paid in phases but never was.