At current forex rates, Iran’s capital market is worth an estimated $140 billion. This market can and will be profitable for investors if they have a long-term vision, says the CEO of Khat Arzesh Investment Consultants.
“Given that nearly 65% of companies in the currency market are export-based, increase in forex prices in the regulated market and the Nima platform, directly impacts their profit,” Farshid Zarrin Kia was quoted by SENA as saying.
Those in charge need to encourage people to make indirect investment in the stock market, he said, adding that regulation for such investment should be eased and incentives offered to attract money that otherwise flows into unhealthy parallel markets.
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