TEHRAN, Iran, June 29. Iran National Development Fund (NDF) has not fully deposited the allocated resources to the Capital Market Stabilization Fund (CMSF), said the Managing Director of the CMSF, Trend reports citing IRNA.
"The National Development Fund has agreed to loan 80 trillion rials (about $2 billion) to the Capital Market Stabilization Fund in monthly installments, but only 10 trillion rials (about $309 million) from the following sum has been paid," he said.
He pointed out that the NDF has not paid any installments in the past three months that would roughly make 19 trillion rials (about $464 million).
The allocation of financial resources from the National Development Fund to the Capital Market Stabilization Fund is one of the government's measures to support the stock market.
