Foreigners guaranteed Market Rate FX on Iran Stock Exchange!
– “Foreigners willing to invest in Iran Stock Exchange can now enjoy a free market rate, converting FX, entering and repatriating their capital” Said Bahador Bijani ,deputy director of SEO in international affairs. Before this, according to foreign investment promotion and protection act (FIPPA License), the government only guaranteed to provide investors with the required FX based on the official market rate, realizing a loss of near 20% only at the entrance. Now with the new directive, once foreign investors acquire a FIPPA license, it is promised that they can import and take back the funds on the free market rate. This is considered as a huge step towards reforming Iran Stock Exchange.