- The Securities and Exchange Organization of Iran (SEO) has obliged all listed companies, whether on TSE or IFB, to monthly release information on their performance (production and sales data) to the public within 3 business days (at most) after the end of each month through Codal system. Any delay or refusal to publish this information will count as violation. Referring to the similar statistics issued under the titles of “production and sales stats” by manufacturing companies and “portfolio report” by investment companies in the past, the authorities have said that all sectors should now release the pertinent information with respect to their industry.
- In his recent statements, the governor of the Central Bank of Iran (CBI) said that Iran experienced 5.4% economic growth over the Q1 of the current year after 8 seasons of recession and in case this trend continues, the foreign exchange rate is expected to decline. Calling the impacts of monetary and financial policies tangible, Mr. Seif mentioned the stability in economic atmosphere a prerequisite for promoting investment, especially with a long term perspective. Furthermore, he referred to controlling the shock caused by oil price fall as a huge accomplishment for the government and expressed hopes over more facilitation of economic relations between Iranian and foreign banks.