JCPOA attracts foreign investors to Iran’s capital market

TEHRAN, Feb. 08 (MNA) – SEO head said the Joint Comprehensive Plan of Action (JCPOA) has facilitated presence of foreigners in the Iranian capital market.

Head of Iran's Securities and Exchange Organization (SEO) Shapour Mohammadi told reporters that great majority of foreigners were from neighboring states or German speakers, whose share in the stock market amount to over 370,932,729 US dollars.

The official recalled that Iranian capital market witnessed presence of foreigners even when sanctions were in their climax since capital turnover governed the economy and Iran’s forex market enjoys good turnover in the long run.

He went on to state that Iranian capital market potential, especially in the energy and mineral sector was very high, a feature which remains attractive for foreigners; “foreign investors attach importance to existing opportunities and turnover and exercise ration in dealing with the issue.”

“The JCPOA helped certain foreign investors enter Iranian stock exchange market without difficulty and the SEO in turn has taken measures to speed up transfer of sums,” he continued.

The official said measures have also been taken to open accounts for foreigners. “The issue was initially raised in the Money and Credit Council and after receiving consent of the Council it was sent to the Money Laundering Center” noted Mohammadi adding that furthermore, long-term strategies are adopted to this end.”

He touched upon a deal between the SEO and Germans saying “the Organizations have had technical cooperation with South Korea, India and Sweden in capital market.”

Mohammadi said the SEO also held good relations with Malaysia as regards financial Islamic tools.

On the impact of US President Donald Trump’s moves on the country’s capital market, he said people in every part of the world would react to extremist approaches, including appropriate action of certain judges of the US courts in the past days.

He underscored that engagement with the world economies leads to stabilization in any country.

At the end of his remarks, Mohammad said SEO intended to provide and facilitate opportunities for presence of all industries in the capital market.

HA/IRN82420189

News Code 123384

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