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Iran's Tehran Stock Exchange Resumes Operations
(MENAFN) Iran's financial markets resumed operations Tuesday following an 80-day suspension triggered by joint U.S.-Israeli military strikes that struck the country earlier this year.
The Tehran Stock Exchange was forced to halt trading on February 28 after missile strikes hit the capital Tehran and several other regions across the country, sending shockwaves through the nation's financial system.
Hamid Yari, deputy head of the Securities and Exchange Organization of Iran, explained the rationale behind the prolonged shutdown to state media earlier this week, stating the decision was intended to safeguard investors' assets, curb emotional decision-making, and foster a trading environment with more accurate and transparent information.
The reopening marks a significant step toward restoring economic normalcy in Iran as the country grapples with the broader financial and infrastructural consequences of the attacks.
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