Moscow Exchange to Implement Iranian Scenario, says Central Bank of the Russian Federation

First Deputy Chairman of the Central Bank of the Russian Federation Vladimir Chistyukhin suggested the implementation of the “Iranian scenario” in the Russian stock market, which revolves around rapid growth due to investments from the local population.

“I think that after some time we will have an Iranian scenario in the sense that with a great dependence on a local investor, maybe after some time, by attracting foreign investors, we will be able to grow very strongly in the capital market,” Chistukhin said.

The Russian official’s statement was made in response to a question from Alexander Fedakhin, First Deputy Chairman of the Board of Directors of Sberbank, about the possibility of repeating the “Iranian scenario” in Russia.

Vidakhin pointed out that the index of the Iranian Stock Exchange increased six times from 2019 to 2020 due to the transfer of free liquidity of the population to the local exchange.

The issue was raised at a session with the participation of experts from the banking and financial sector, which took place within the framework of the International Economic Forum “Russia – Islamic World”, which is currently taking place in the capital of Tatarstan, Kazan.

Yesterday in Kazan, the capital of the Russian Republic of Tatarstan, the events and activities of the Russia-Islamic World Forum, which will be held on May 18 and 19, started.

Source: News

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