FEAS Yearbook FEAS Yearbook 2015 | Page 24

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT 2015 IRAN key CAPITAL MARKETS INFORMATION Country Facts Iran Regulation Self-regulated institution Capital Tehran Market regulator Securities and Exchange Organization (SEO) Area (million km 2 ) 1.65 Trading hours 8:30-9:00 (Pre-opening); 9:00-12:30 (Trading) Population (million) 78.2 Trading days Saturdays to Wednesdays GDP USD 401.2 billion Foreign investment Allowed Currency Iranian Rial (IRR) Foreign ownership Each foreign investor: 10% Yes ±5% Country Exchange rate (1 USD) 27,238 Time Zone GMT+3.5 Total foreign investors: 20% of any listed company Calling Code +98 Daily price fluctuation key economıc data INFLATION-CONSUMER PRICES (ANNUAL %) ANNUAL GDP GROWTH (%) 4 40 2 0 30 -2 30 25 20 -4 20 -6 -8 2012 MARKET CAPITALIZATION OF LISTED (% OF GDP) 10 2013 2014e 2015f 2016f Iran, Islamic Rep. MENA 2017f Forecast (2014, 2015, 2016, 2017) “ anti- inflationary policy of the new government in 2013-2014 led to the decline of the inflation and the real economic growth is positive after two years being in red. ” 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Iran, Islamic Rep. 15 10 2005 2006 2007 2008 2009 2010 Iran, Islamic Rep. 2011 2012 Data from World Bank Data from World Bank Economy The foreign debts decreased to about USD 5,527 million. The unemployment rate at the end of 2014 was around 10.5%. The exchange rates were stable during 2014, and each dollar was trading at almost IRR 27,000 by the Central Bank. However, the market rate was above IRR 32,000 level, and the government has planned to drive its policies towards a single exchange rate in 2015. Iran has the second and the fourth largest natural gas and oil resources respectively, and holds 1st, 12th and 13th largest mineral resources of zinc, manganese and steel, as well as 2nd, 11th and 12th reservoirs of copper, lead and iron in the world. This is a prominent country regarding agricultural products and remarkably supplies pistachio, saffron, date and caviar with renowned standards, and is also the 8th largest producer of fruits in the world. Moreover, the country is among 7 top outperformers of nanotechnology. Anti-inflationary policy of the new government in 2013-2014 led to the inflation’s decline to 17.2%, much less than its previous period (29.6%), and the real economic growth is positive (2.6%) after two years being in red. The administration has taken some steps based on the improved perspective of the Iranian economy, including providing more independence to the central bank, reforming the country’s taxing regime, stabilizing the exchange rate, reducing inflation, offering the “package of anti-inflation to get out of recession”, reestablishing the Management and Planning Organization, and opening the petroleum sector, as well as others to foreign investors. During 2014, the payments balance was positive and stood at 6.4% of GDP, which was less than its previous period (7.8%). The decrease in petroleum exports and increase in goods imports was the main reason behind this situation. 22 FULL MEMBERS