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The latest news and views about the economy of Iran

“Drop in Lira’s Value Due to Turkish Economy’s Dependence on Foreign Assets”

A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.

“US Sanctions on Iran’s Bank Chief Break Int’l Rules”

Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.

“Iran Must Prepare Itself for All-Out Economic War”

Mohammad Javad Larijani, a senior and influential politician, says the Iranian government must prepare itself for a full-scale economic war waged by the US.

“US Targeting Iran’s Achilles’ Heel to Curtail Its Regional Influence”

A political commentator says Washington’s pullout from the Iran nuclear deal and re-imposing sanctions were basically aimed at cutting back Tehran’s influence in the Middle East.

Europe to Open Channel to Facilitate Iran Banking Transactions: Official

Europe is seeking to open up a banking channel to allow conduction of transactions with Iran, as part of measures to protect European companies doing business in Iran against Washington’s move to re-impose anti-Tehran sanctions, an Iranian official said.

Iran Limits Foreign Currency Allocated to Those Travelling Abroad

As part of its plans to control the ongoing crisis in the country’s forex market, the Iranian government has restricted the amount of foreign currency allocated to Iranian tourists travelling abroad.

US Exit from JCPOA Not to Cause Any Problem for Iran Economy: Central Bank

The central bank of Iran dismissed concerns about the negative consequences of the US withdrawal from the 2015 nuclear deal, saying it has already devised plans to prevent any harm to the country’s banking system and to satisfy demands for hard currency.

Unification of Forex Rates Pre-Emptive Response to US Plot: Iran

Iranian President Hassan Rouhani has defended his government’s plan to unify official and free market exchange rates for the Iranian currency rial against the US dollar, saying it foiled a plot hatched by Washington to foment economic instability in Iran.

Iran Officially Replaces US Dollar with Euro in Int’l Transactions

The Iranian government has decided to replace the US dollar with euro in its international transactions in a move to prevent the greenback’s fluctuations from negatively affecting the Iranian economy.

Iran Leader Hails Idea of Replacing Dollar with Euro in Int’l Transactions

The Governor of Iran’s Central Bank Valiollah Seif says the government eyes replacing the US dollar with the euro in its international transactions and the idea has been welcomed by the Leader Ayatollah Khamenei.

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