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Economic boom hinges on financial market efficacy: Minister
Minister of Economic Affairs and Finance of Iran Abdolnaser Hemmati said on Tuesday that economic development depends on the proper performance of the financial market.
Speaking at the induction ceremony of the head of the Securities and Exchange Organization, Hemmati added that if the financial market does not work well, production will not grow and consequently the economy will not grow, IRNA reported.
Reports by the Central Bank of Iran (CBI) shows that with keeping the current trend, it is unlikely that the economic growth of Iran will hit 4% by the end of the current Iranian year (March 20, 2025), the minister stated.
We need capital to develop the economy, but trust in the capital market has been lost, Hemmati criticized.