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Thursday July 27, 2017

Stock exchange status, reflecting the country's economic reality

On June 15, in an interview with ILNA news agency, Behrouz Khodarahmi, the Secretary General of the Iranian regime’s Institutional Investors Association, stated that “the status of Iran's stock exchange reflects the economic reality of the country." Furthermore, Khodarahmi admitted "the expectations the Joint Comprehensive Plan of Action (JCPOA) put in place with regards to economic prosperity were high and far from the country’s reality.”

Moreover, Khodarahmi stated with concern “as the recession in Iran continues it is unrealistic to  expect economic prosperity in the 5 to 6 month after JCPOA, due to the ongoing turmoil in the international atmosphere, which has put many institutions in disarray".

Accordingly, the Secretary General noted that the economic crisis will continue to get worse, and even" with a positive market for 2 years, in a economic recession is not logical to make large investments".

In an interview with state-run Tasnim news agency, the former deputy of the Minister of Economy, Heydar Mostakhdemin Hosseini said “The government acts slowly in its investments, which is poisonous, since it did not solve the problem of recession, but deepened it ... since the government wasted $60 billion worth of people’s capital.  Proving why Iran needs to have a coherent program for the Stock exchange.”

Hosseini went on to elaborate on the problems caused by the Iranian regime, including high unemployment, the lack of investment into new Iranian ventures, and the misguided economic leadership of the Rouhani administration. Subsequently, it should be noted that the Tehran Stock Exchange Index fell 684 points, which according to the experts, has experienced its rapid decline in the New Year.

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