Iran’s private sector gets a new lease of life
These are referred to as ‘Justice’ shares, where society is divided into 10 tiers that are eligible to participate in the share transfer for a maximum of IR20 million ($2,200) per capita or IR100 million per family, depending on the size of each family, with a repayment plan spread over 10 years.
This programme, introduced by president Mahmoud Ahmadinejad, envisions a wide distribution and participation of the masses in the capital markets, as currently only 5% of the populace own shares on the Tehran Stock Exchange.
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