Sale of government surplus properties and shares; major economic policy

Tehran (IP) - President Rouhani at the 147th session of the government's economic board on Saturday morning, has stressed transparent timing for the issuance of securities to boost production and capital market and said that the sale of surplus properties and shares of state-owned companies is the major economic policy of his government.

Iran PressIran News: After receiving the report of the Governor of the Central Bank on the declining trend of liquidity growth this year compared to last year in the Iranian calendar, the President stressed the need to accelerate the sale of surplus property and shares of state-owned companies, as major economic policies of the government.

He added: "The issue of treasury bonds, empowering the capital market, directing liquidity and controlling prices, boosting the stock market and the government's exit from corporate governance should be implemented as soon as possible so that people can see its positive effects on the country's economy."

The board was also presented with a report on the performance and program of issuance of Islamic financial securities in the current Iranian year, and discussed how they should be published and supplied.

Rouhani added: "The country's liquidity should be directed towards production and investment in the money and capital markets, and participation bonds should help to invest and strengthen the country's infrastructure and development projects."

The President continued: "With the coordination and full cooperation of the relevant agencies, the schedule of participation bonds should be announced and implemented in a transparent manner so that the possibility of participation of economic activists in the money and capital markets is fully provided."

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