The National Development Fund of Iran, the sovereign wealth fund, is to deposit an extra 10 trillion rials ($32 million) with the Capital Market Stabilization of Fund (CMSF).
“Based on talks with NDFI officials, the money will be paid on Saturday,” IRNA quoted Amir Mahdi Saba’ie, managing director of the stabilization fund, as saying.
Based on a previous agreement with the NDFI, Saba’ie said a total of 70 trillion rials ($225 million) is planned to be injected into the bourse via the CMSF.
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