Iran faced lower foreign investment last year

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News code : ۲۶۸۹۸۱

ILNA: A report by the Iranian Central Bank reveals that the country has experienced lower foreign investment in the previous Iranian year, 1392(March 21,2012 to March 20,2013).

Foreign investment has been unstable in the past few years, the report adds. In the Iranian calendar ۱۳۹۰, Iran attracted ۵,۳۱۳ billion tomans.($۱ US equals ۳,۴۵۰ toman.) The number increased to ۱۱,۹۳۱ billion tomans the next year, but plunged to ۷,۶۹۰ billion tomans the following year.

In the capital market, Iran’s economy used some financing sources which included: Increasing the capital of the companies registered on the stock exchange and OTC, increasing the capital of other companies registered in stock exchange, releasing bonds for companies about to launch, and releasing corporate bonds, releasing rent bonds, etc.

The country’s financing through the capital market was registered at ۱۰,۵۳۶; ۱۳,۷۷۰; and ۲۴,۳۹۳ billion tomans in the years ۱۳۹۰ to ۱۳۹۲ respectively.

On Jan. ۲۴, Hamed Soltaninejad, managing director of Iran’s central securities and investment company, said that ۲۷ foreign investors had bought shares in the Iranian capital market over the previous two months.

The investors came from Germany, the UK, Syria, China, and Afghanistan.

Iranian Minister of Economic Affairs and Finance Ali Tayyebnia has said that potential trading partners can rest easy about the investment environment in Iran despite sanctions pressure.

Some of Iran’s trading partners have shied away from doing business with the Islamic republic because of sanctions.

“Iran is among the safest countries for(foreign) investment, ” he said.

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