Iran's central bank 'to guarantee foreign investment'

The Security Council approved a fourth round of sanctions against Iran.

Iran's central bank 'to guarantee foreign investment'

Iran's central bank will guarantee foreign investors a return of 10 percent on their capital, a newspaper reported on Saturday.

The Security Council approved a fourth round of sanctions against Iran on Wednesday.

UN vote came despite Turkey-Brazil efforts that yielded a nuclear swap
deal with Iran.

Iran daily quoted Central Bank Governor Mahmoud Bahmani as saying the new policy was aimed at attracting investment during a time of economic crisis in many parts of the world.

"Iran will pay a guaranteed 10 percent interest on foreign investment ... the central bank and ministry of economy will guarantee the return of the principal and capital profit," Bahmani was quoted as saying.

He did not specify if the guarantees would apply to investments in particular sectors.

Israel, most experts estimate that it has at least between 100 and 200
nuclear warheads, often threatens the Islamic republic with an attack.

Turkish PM repeatedly calls for "fair" stance from global powers over nuclear issue in the region.

Israel recently refused US and international calls to sign Nuclear Nonproliferation Treaty and open its facilities for IAEA perusal.


Agencies

Last Mod: 13 Haziran 2010, 17:26
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