National Development Fund of Iran to Set Aside Some Capital to Stabilize Stock Market
Posted on 09/08/2020
The National Development Fund of Iran was formed in 2011, replacing the oil stabilization fund. This development fund plans to set aside 1% of its assets to help stabilize Iran’s stock market. This is after the country’s main index lost over 20% of its value in a month. The news comes from the Mehr News Agency.