VOL. XL

No. 39

29-September-1997

IRAN

New Secretary-General For Tehran Stock Exchange

The Tehran Stock Exchange announced on 24 September that an experienced economist andcentral bank adviser, Mr. Ahmad Mirmotahari, had replaced Mr. Rajai Salmassi as itssecretary-general and chief executive. Local press reports quoted Mr. Mirmotahari assaying that his first priority would be to protect smaller investors by ridding theexchange of insider dealing and improper practices. Many smaller investors...