The Chairman of the Board of the Securities and Exchange Organization of Iran Majid Eshghi confirmed on Saturday he resigned from the post after a long period that the markets have been in the red, and days into a reported row over low-rate bank loans he received.
Eshghi said he tendered his resignation in his first meeting with the newly-appointed Minister of Economy Abdolnaser Hemmati, which was approved by the minister.
He, however, dismissed reports of friction and a heated debate during the meeting.
Iran’s stock market has been the least profitable among investment markets during Eshghi’s stint.
The decision also comes days after a letter was disclosed about details of grating ‘low-interest loans’ to five stock exchange officials, including Eshghi.
On Thursday, Hemmati announced he has launched an ‘urgent expert review’ of the report.
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