Minister: Forex income funds to be opened in stock market ‘in coming days’
Iran’s Economy Minister Ali Madanizadeh announced the imminent launch of three foreign exchange income funds in the stock market that will offer investors returns in hard currency.
“These three forex funds, which function similarly to fixed-income funds, will become operational in the capital market in the coming days,” Madanizadeh said in an interview with IRNA.
“Their structure mirrors that of fixed-income funds, but they generate returns in foreign currency, and their implementation has been finalized.”
He added that regulatory approvals have already been granted to the three funds and that they are expected to begin operations within days, though detailed information will be provided by the Securities and Exchange Organization. According to the minister, the funds will collect foreign currency from the public — including banknotes and transferable foreign exchange — and distribute forex-denominated returns to unitholders. “All citizens will be able to invest in these funds,” he said.