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The latest news and views about the economy of Iran

Bitcoin, Other Cryptocurrencies Not Recognized in Iran: Central Bank

The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.

Iran’s Former Economy Minister Wins Prestigious Lee Kuan Yew Prize

Iran’s former minister of economy and finance, Ali Tayyeb-Nia, has been awarded the prestigious Lee Kuan Yew Prize, said Singapore’s Ministry of Foreign Affairs in a letter to Iranian embassy in Singapore.

Iran Parliament Passes Rouhani’s Budget Bill after Amendments

Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.

Iran Parliament Rejects Framework of Rouhani’s Proposed Budget

The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).

Iran Arrests Suspects behind Volatility of Exchange Market

Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.
Unemployment Rate Down, Economic Growth Rate Up in Iran

Unemployment Rate Down, Economic Growth Rate Up in Iran

Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.

Iran’s Foreign Exchange, Gold Reserves More than US: CIA

A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.

Iran’s Forex Revenues Outstrip Expenses: President Rouhani

Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.

Rouhani Vows to Tackle Livelihood Problems as Top Priority

president Hassan Rouhani said improving the economic situation of Iranians tops the agenda of his government, in an attempt to appeal to the public, which has grown increasingly critical of his economic performance.
Iran's Parliament

Iran Parliament Okays $50bn in Financing for Next Year’s Budget Bill

Iranian parliamentarians have given the go-ahead to “financing” sources of income proposed by the government in next fiscal year’s budget bill.

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