‘Currency Board’ to be Launched for Bonds

The Managing Director of Tehran Stock Exchange (TSE) has said he is working to develop what he described as a “currency board for bonds“, because it is an attractive option for foreign investors.

Hassan Ghalibaf Asl said the Tehran Stock Exchange is now valued at more than $100 billion, and its debt market has huge growth potential.

On average, Iran’s capital market has one initial public offering per month, which is a big attraction for investors, Ghalibaf stressed, adding that the price-earnings ratio is very low and the market is ready to raise funds.

(Source: MEFA)

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