Investors at the Iran Mercantile Exchange traded almost 360 million commodity-based certificates of deposit worth 75 trillion rials ($241 million) in the first four months of current fiscal year (March 21-July 22).
Commodity CD is a security indicating ownership of the holder on a particular amount of a commodity supported by standard warehouse receipt issued by warehouses certified by the Securities and Exchange Organization (SEO), the capital market regulator.
Trade included 264.27 million CDs backed by cement worth 1.86 trillion rials ($6m), according to the SEO News Agency.
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