National Development Fund of Iran to Deposit More Funds into Capital Market Stabilization Fund
Posted on 11/08/2021
The National Development Fund of Iran (NDFI) is depositing US$ 150 million into the Iran Capital Market Stabilization Fund. The Capital Market Stabilization Fund was formed in 2017 an initial 3 trillion Iranian rials (US$ 11 million) capital borrowed from the NDFI. The Capital Market Stabilization Fund’s mission is to support the Iranian stock market. The money is being loaned from NDFI at 12% to be repaid in five years and the maturity can be extended. The Capital Market Stabilization Fund is responsible for paying the principal amount plus interest.
