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.
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