Iran’s foreign investment experiences 1328% growth in four years

IRNA — Foreign investment in Iran’s capital market experienced 1328 percent growth and from 870 billion rial in March 2013 reached to 12,530 billion rial in March 2017, Iranian Economy Minister Ali Tayyebnia said on Saturday.

He made the remarks in he tenth edition of Iran’s Exhibition of Bank, Exchange and Insurance Exhibition (FINEX) started work here on Saturday.

The official pointed to the influence of Joint Comprehensive Plan of Action on Iran’s economy and noted that wise diplomacy of the nuclear negotiators in particular the Foreign Minister Mohammad Javad Zarif created the opportunity for removal of sanctions.

Removal of sanctions prepared the grounds for economic reform and reform of the financial markets, he added.

Tayyebnia said that the people voted to the current government to end economic turmoil of that time.

Due to crippling sanctions imposed on Iran, the Iranian economy witnessed a turmoil in 2012-2013 during Mahmoud Ahmadjinejad presidency.