• time : 11:8:28
  • Date : Sat Feb 15, 2020
  • news code : 190311
Capital market is ready to attract micro deposits
The Minister of Economic Affairs and Finance emphasized the important role of the capital market as the main corridor for financing manufacturing enterprises in the country and called for a wider role of this market in the realization of the people-based economy.

(SHADA: TEHRAN) -- At the unveiling ceremony of the latest technological advances in the capital market focused on economic roadmap, Farhad Dejpasand stated: Fortunately today, the capital market is very rich in capacity, ready to attract micro deposits, and consolidate the people-based economy, and everyone must mobilize to achieve this goal.

The Minister of Economic Affairs and Finance stated that the importance of the capital market is increasing day by day, adding: Safe and stable conditions of the capital market lead to the preservation of the value of money, and the protection of shareholder rights is also a feature of this market.

In the last two years, we have focused on exchange-tradable funds (ETFs) to expand the scale to the people level and to implement the people-based economy, Dejpasand stressed.

He further pointing out that the people-based economy is more than just privatization, and said: In the people-based economy, it is up to individuals to make decisions about managing their assets and resources.

The criterion here is that the people themselves will always play a central role as far as possible, and one of the main channels for achieving this goal is the capital market, Dejpasand continued.

The Minister of Economy also stated that as we move away from the oil-based economy, the capital market is able to offer opportunities quickly and to provide a safe and sustainable environment for the presence of individuals in the national economy and production in a variety of ways, including deepening the market, modernizing technologies, and diversifying tools.

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