Launch of Foreign Exchange Leads to Foreign Investment Promotion

Kish Island, October 15, 2019- The role and importance of launching foreign Exchange in the growth of foreign investment and international transactions is the key to the country's economic prosperity. So not only there can be no disadvantages, but this is a positive phenomenon for a country's economy.

According to the Public Relations and International Affairs Department of Kish Free Zone Organization, Dr. Gholam Hossein Mozaffari said in an exclusive interview with the correspondent of Asremali News Agency, that some companies that have foreign exchange resources can import part of their foreign exchange resources through the foreign exchange, which will also alleviate their concerns.

He said: Foreign exchange will attract international investors in the free zones of the country while attracting foreign exchange resources, stocks and all kinds of bonds through the foreign exchange.

Kish Free Zone Organization Director noted: Since all the procedures of the foreign exchange are done under the right rules, foreign investors can attend Kish Free Zone and participate in foreign stock market trading.

Dr. Mozaffari pointed to developing a great economic status for Iran in the region and attracting new investment and said: "If we are looking for economic development, certainly internationalization of the exchange can be helpful in this regard, as it will facilitate the transactions."

He said that lower transaction costs, diversification of securities, derivative instruments and transparency in the foreign market will attract many investors and thus a lot of liquidity for the country.

KFZO head also stated: International exchange provides a good opportunity to promote technology, working standards and improve services.

He pointed to the improvement of corporate management, adding that with the entry of companies into international and global markets, technical knowledge, stock exchange standards, management, and corporate governance standards will certainly increase and this will increase transparency and improve corporate governance.

PR & Int'l Affairs Department- KFZO