{"id":5957,"date":"2018-10-08T09:36:25","date_gmt":"2018-10-08T09:36:25","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5957"},"modified":"2018-10-09T09:38:21","modified_gmt":"2018-10-09T09:38:21","slug":"iran-chamber-of-commerce-offers-a-recession-exit-plan","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5957","title":{"rendered":"Iran Chamber of Commerce offers a recession exit plan!"},"content":{"rendered":"<h2>In the Market<\/h2>\n<p>\u2013 After the recent chaotic situation dominating the\u00a0Iranian economy,\u00a0Iran Chamber of Commerce offered\u00a0an exit plan to the president Rouhani\u2019s administration containing 12 reformative approaches. According to the headlines which the head of ICC sent the first VP, Eshaq Jahangiri, the government, most importantly, shall:<\/p>\n<ul>\n<li>Stop payment of subsidized\u00a0USD\/IRR ar 42,000\u00a0rate to any\u00a0goods and services;<\/li>\n<li>Let the required import FX for all goods and services (including the essentials) supply by the\u00a0secondary FX market;<\/li>\n<li>Stop controlling\u00a0the FX market in its current unhealthy manner and let the\u00a0secondary market\u00a0dictates the prices;<\/li>\n<li>Oblige\u00a0SMEs\u00a0to bring 80% and giants 90% of their export FX revenues into the secondary market;<\/li>\n<li>Bring its disposable\u00a0FX revenues\u00a0to the secondary market and save the surplus (from 2018\/19 budget bill rates) into a deposit fund overseen by the CBI,<\/li>\n<li>End the unlimited subsidized supply of gasoline\/petroleum, limit the IRR 1,000 per litre supply and make the excess consumption fuel prices realistic.<\/li>\n<\/ul>\n<p>\u2013 In a report published by\u00a0RasamFunds, the best performing mutual funds of\u00a0Iran Capital Market\u00a0for the last\u00a0week has been announced. According to the stats,\u00a0Hasty Bakhsh Agah, an ETF managed by Agah Group placed the first in terms of weekly performance by 7.4%. The below table demonstrates the details:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15489\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_142112.jpg\" sizes=\"auto, (max-width: 593px) 100vw, 593px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_142112.jpg 593w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_142112-300x96.jpg 300w\" alt=\"\" width=\"593\" height=\"189\" \/><\/p>\n<p>\u2013 Rates on\u00a0Iran Debt Market, especially in\u00a0Islamic Treasury Bills\u00a0(ITB), has fallen down to a more logical range as investors feel more secure about the future FX fluctions. Stats show that amid 23 issues of ITBs, with DTM ranging from 57 to 826, YTM figure is now reached 26.77% on average (this was around 30% just weeks ago). Below chart demonstrates the latest status:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15493\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_145703.jpg\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_145703.jpg 801w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_145703-300x157.jpg 300w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_145703-768x401.jpg 768w\" alt=\"\" width=\"801\" height=\"418\" \/><\/p>\n<h2>In the Market<\/h2>\n<p>Stocks opened today on a widely lower note as the remaining irrational money\u00a0left the capital market for good. However, after the mid-session, heavily weighted tickers did a great comeback and faced with massive demand which got more stronger even throughout the end.\u00a0<strong>TEDPIX (-0.70%)<\/strong>\u00a0regained the\u00a0<strong>175K<\/strong>\u00a0level again while\u00a0<strong>IFEX (-1.99%)<\/strong>\u00a0experienced\u00a0another correction on most of its components.<\/p>\n<p>Agah analyses show that during the last 4 negative trading days, a figure of\u00a0<strong>IRR 8,400 bn (USD 200 mn)<\/strong>\u00a0had left the market by the retail inexperienced investors and returned to parallel markets of\u00a0<strong>FX and gold coins<\/strong>. Today\u2019s jumps in USD\/IRR rate along with hikes in gold coin prices are facts to this. Now it is only believed that the market shall get back to its right bullish course with fewer emotional fluctuations and more logic\u00a0behind.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15487\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_092858.jpg\" sizes=\"auto, (max-width: 807px) 100vw, 807px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_092858.jpg 807w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_092858-300x157.jpg 300w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_092858-768x401.jpg 768w\" alt=\"\" width=\"807\" height=\"421\" \/><\/p>\n<p>Major names of Metals (+1.49%), Iron Ores (+2.81%) and Oil Products (+2.06%) digested most of the demand and advanced from negative to positive territory during the trading hours. Experts believe that these sectors had the most fundamentally sound situation amid the market industries.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15483\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135802.jpg\" sizes=\"auto, (max-width: 709px) 100vw, 709px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135802.jpg 709w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135802-300x209.jpg 300w\" alt=\"\" width=\"709\" height=\"494\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15484\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135808.jpg\" sizes=\"auto, (max-width: 628px) 100vw, 628px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135808.jpg 628w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135808-300x186.jpg 300w\" alt=\"\" width=\"628\" height=\"389\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15485\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135814.jpg\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135814.jpg 550w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135814-300x205.jpg 300w\" alt=\"\" width=\"550\" height=\"376\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><em><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15486\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135820.jpg\" sizes=\"auto, (max-width: 681px) 100vw, 681px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135820.jpg 681w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/10\/2018-10-08_135820-300x178.jpg 300w\" alt=\"\" width=\"681\" height=\"404\" \/><\/em><\/p>\n<p><em>Source:<\/em><\/p>\n<p><em>2018, Iran finally joins\u00a0CFT convention!, Monday, Oct 08, p.1,<a href=\"http:\/\/agahgroup.com\/iran-chamber-of-commerce-exit-plan\/\" target=\"_blank\" rel=\"noopener\">&lt;https:\/\/agahgroup.com&gt;<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the Market \u2013 After the recent chaotic situation dominating the\u00a0Iranian economy,\u00a0Iran Chamber of Commerce offered\u00a0an exit plan to the president Rouhani\u2019s administration containing 12 reformative approaches. According to the headlines which the head of ICC sent the first VP, Eshaq Jahangiri, the government, most importantly, shall: Stop payment of subsidized\u00a0USD\/IRR ar 42,000\u00a0rate to any\u00a0goods [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[],"class_list":["post-5957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5957"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5957\/revisions"}],"predecessor-version":[{"id":5961,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5957\/revisions\/5961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5958"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}