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Creation of International Stock Exchange, a Solution to Monetary Problems in Free Zones

Creation of International Stock Exchange, a Solution to Monetary Problems in Free Zones
Given the urgent need for international financial exchanges, it was decided to create an international exchange in the free zones.

Vice-President and secretary of the Supreme Council of Free Zones said: Regarding financial capacities, creation of an international exchange in the free zones was proposed, which would be the fifth bourse of the country. In the Supreme Council of the Stock Exchange, the initial regulations for investment have been created to make joint domestic and foreign investment possible. We hope this stock market will fix the financial and monetary problems, and in the next three to four months it will be launched.

At the national conference of Maku Free Zone Investment Opportunities, Morteza Bank, referring to the importance of investment in the current situation, said: The first point and step is the capital and investment. An investor is a strategic element for a nation. Legal capital and investors are valuable and respectful. If we have a development plan for the country, we must facilitate the development infrastructure in all circumstances, and no investment will be made unless it is exploited. Providing profits to the investor is an obvious element and must be guaranteed, and the country's orientations should focus on supporting this stratum so that insecurity is not passed on to the investor.

Referring to free-zone privileges, Morteza Bank said: "In the current situation, these areas have a privilege that is important to the investor, such as the 20-year tax exemption, ease of travel, the protection of free zones by all organs, the creation of monetary and financial infrastructure and etc.

"All the necessary measures for activating the private sector and economic liberalization should be taken, and one of these is free zones, which can this goal be achieved if the capacity is appropriately utilized." Referring to the importance of the private sector, he said.

The advisor to the president on the importance of creating an international exchange in the free zones said: Given the urgent need for international financial exchanges, it was decided to create an international exchange in the free zones, which would be the fifth bourse of the country, and in the Supreme Council the stock exchange and initial regulations for investment have been created to make joint and domestic investment possible.

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