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Iranian Islamic Treasuries yield +30% now! – Daily Market News

by date: 12 August 2018in News & Reports No Comments

Iranian Islamic Treasuries yield +30% now!

Market News

– Continuing its upward trend, the yields on Iranian Islamic Treasuries reached +30% on average over the yesterdays’ session in Iran Debt Market. Despite the fact that bank deposits enjoy a risk-free interest rate of only 15%, the ITB securities yields have gone uphill mostly due to the better than expected profitability vision of Iran Capital Market and the need of big institutional traders for more liquidity in this bullish rally. The below table demonstrates the latest status of ITB market:

Iran Economy

IMF predictions bring hope for Iran Economy! -Daily Market News

by date: 11 August 2018in News & Reports No Comments

IMF predictions bring hope for Iran Economy!

Market News

– International Monetary Fund has predicted in its latest reports that Iran Economy will rise three steps by 2021 and will be placed as the world’s 15th largest economies. According to released stats, the GDP of the nation (based on purchasing power index) stood at USD 1,664 bn for 2017 and the country placed 18th in rankings. IMF report suggests that Iran Economy will pass Spain, Suadi Arabia and Canada in terms of growth by a GPD of USD 2,095 bn by 2021. 

Iran Privatization

Iran Privatization process is on Track! – Daily Market News

by date: 8 August 2018in News & Reports No Comments

Iran Privatization process is on Track!

Market News

– The CEO’s advisor of Iran Privatization Organization announced that 630 state-owned businesses will be considered to the private sector until this current year-end (March 2018). The total amount of divested businesses by the organization in the first 5 months of 1397 reached IRR 25,000 bn (USD 566 mn) which topped the record of its past 12 months. Apparently, 100% of current year’s divestitures were dedicated to the purely private sector and the share of semi-governmental entities was zero. 

Iran FX secondary market

USD/IRR priced around 80,000 on Iran FX secondary market! – Daily Market News

by date: 7 August 2018in News & Reports No Comments

USD/IRR priced around 80,000 on Iran FX secondary market!

Market News

– After the announcement of a free market FX rate by both President Rouhani himself and the new chair of CBI, today the USD/IRR was priced around 80,000 level on Iran FX secondary market. Chemical producers like Jam petrochemical Co. was among the currency suppliers with a volume of 16.5 mn AED at AED/IRR 22,000.

Iran Economy

Finally, a free market FX rate for Iran Economy! – Daily Market News

by date: 6 August 2018in News & Reports No Comments

Finally, a free market FX rate for Iran Economy!

Market News

– The new chair of CBI revealed a super interesting FX plan for Iran Economy just the other night. Attempting to give the chaotic FX and gold markets a relief, it seems that this time the administration and other heads of powers are thinking clearly and the news package will work. Details of this new plan are:

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Tehran Stock Exchange boomed as the new FX regime comes! – Daily Market News

by date: 5 August 2018in News & Reports No Comments

Tehran Stock Exchange boomed as the new FX regime comes!

Market News

– In wake of speculations on a different FX regime that suits the current situation of Iran economy (post-sanctions), Tehran Stock Exchange made history today and registered an all-time high. The trading value and volume reached record highs as the overall index stood at +128K level.

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Iran Capital Market stamped record highs in trading value! – Daily Market News

by date: 1 August 2018in News & Reports No Comments

Iran Capital Market stamped record highs in trading value!

Market News

– Agah Group analysis shows that during the first 9 trading days of Mordad month (Jul-Aug 2018) the total trading volume of Iran Capital Market (all markets together) reached an astonishing figure of USD 1,136 mn (IRR    50,074,546,066,200) which herald a new wave of optimism and prosperity for the market. The below chart is showing the detail of trading volume by each market separately.

Iran Economy

Iran Economy looks for a free market FX rate! – Daily Market News

by date: 31 July 2018in News & Reports No Comments

Iran Economy looks for a free market FX rate!

Market News

– In a Resilient Economy committee meeting held the other day, the first VP of president Rouhani has announced that a brand new FX policy is on its way for Iran Economy. Stressing that the current economic situation is not permanent, he stated that the essential goods shall be provided at a subsidized USD/IRR rate of 42,000 while other sectors may enjoy a free market rate determined by the FX secondary market.