Subscription Now Open for the 'Melli Kimia' Foreign Currency Fund Through Bank Melli Iran Branches

The 'Melli Kimia' Foreign Currency Fixed-Income Fund, managed by Kimia Investment Company with Bank Melli Iran participating in its executive bodies, allows individuals and legal entities to invest using US dollar banknotes or foreign currency transfers. Each unit of the fund is valued at $10, and investors may invest from a minimum of $100 up to a maximum of $500,000.

Ambassador Arjan: Investment fund in foreign currency assets with fixed foreign exchange income "Melli Kimia" with the management of Kimia Capital Funding Company and the participation of the National Bank of Iran in the executive structures, provides the possibility of investment by natural and legal persons using dollar bills or foreign currency remittance. The value of each unit of this fund is $10, and applicants can invest in it from a minimum of $100 to a maximum of $500,000.

According to Ambassador Arjan, citing the public relations of the National Bank of Iran, the "Melli Kimia" investment fund was established with the aim of collecting foreign currency resources and investing them in foreign currency assets and financial instruments. The subscription of this fund is done through foreign exchange branches of the National Bank of Iran, and qualified investors can buy investment units by presenting a dollar bill or a foreign currency transfer and following the rules of the fund.

"Melli Kimia" fund was established based on the guidelines for foreign exchange operations of investment funds in foreign currency assets with fixed foreign exchange income, approved by the Supreme Board of the Central Bank on 20 December 1404.

Conditions of investment in National Chemistry Fund

The US dollar has been selected as the chosen currency of the National Alchemy Fund, and the value of each investment unit is equal to 10 dollars. The minimum purchase amount for each person is 10 units, equivalent to $100, and the maximum purchase amount is 50,000 units, equivalent to $500,000.

Individuals and legal entities can invest their currency resources in this fund in the form of bank notes or money order. The purchase of investment units is done through foreign exchange branches of the National Bank of Iran and in compliance with the criteria set for underwriting.

Asset mix and investment framework

The statute and prospectus of the fund foresees the investment of foreign exchange resources attracted in a set of foreign currency assets and financial instruments. Foreign currency deposits and certificates of deposit with banks and credit institutions licensed by the Central Bank, foreign currency interest bonds, foreign currency forward bonds, foreign currency assets issued by issuers and discounting foreign currency letters of credit are among the assets and instruments foreseen for this fund.

The fund's investment structure is based on foreign currency assets and is based on the nature of its fixed currency income. Valuation of assets and calculation of yield is also done based on the selected currency of the fund.

The responsibility of the National Bank of Iran and the provision of Kimia's capital

National Bank of Iran in the executive structure of Kimia National Fund is responsible for three pillars: "Registration Manager", "Liquidity Guarantor" and "Foreign Exchange Operations Manager". Kimia Funding Company also acts as a fund manager.

The foreign exchange branches of the National Bank of Iran provide the platform for underwriting investment units, and this bank, within the framework of the assigned responsibilities, is responsible for the matters related to the registration of investment units, foreign exchange operations and playing the role of liquidity guarantor.

A platform for investing foreign exchange resources

By providing the possibility of investing foreign currency resources in the form of investment units, the National Kimia Fund has created a specialized platform for the participation of natural and legal persons in foreign currency assets and financial instruments.

Collecting foreign exchange resources and using them within the framework of rules and regulations related to foreign exchange investment is the main goal of establishing this fund.