Economy, Business And Markets

$125m of Foreign Investments in IFB Post Sanctions

$125m of Foreign Investments in IFB Post Sanctions$125m of Foreign Investments in IFB Post Sanctions

Iran Fara Bourse has attracted 5 trillion rials (about $125 million) in foreign investments since the Implementation Day, that is the removal of sanctions on January 16, 2016, following Iran’s compliance with the nuclear deal it signed with world powers in 2015. In an interview with IRNA, IFB’s chief executive, Amir Hamouni, said half the figure pertains to the exchange’s debt market and the remaining half to its stock market. “Most of the investors have come from Germany, Persian Gulf littoral states and those in East Asia,” he said. IFB is an over-the-counter market for securities and other financial instruments in Tehran, which operates under the official supervision of the Securities and Exchange Organization.

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