Economy

Iranian president accepts responsibility for public discontent, urges focus on domestic solutions

Iranian President Massoud Pezeshkian acknowledged public dissatisfaction and said the government bears responsibility for current challenges, urging officials not to blame external actors such as the US.

Abdolnaser Hemmati officially appointed as Governor of Iran’s Central Bank

Abdolnaser Hemmati has been officially appointed as the new Governor of the Central Bank of Iran following a vote by members of the cabinet during the government’s meeting on Wednesday.

President Pezeshkian meets market leaders, announces one-year relief measures for businesses

Iranian President, Massoud Pezeshkian, met with representatives of trade unions, guilds, chambers of commerce, and market trustees to review the concerns and demands of market activists.

Iran’s President Pezeshkian signals readiness to revise new year budget after parliamentary pushback

Iranian President Massoud Pezeshkian has formally informed parliament of the government’s readiness to introduce key revisions to the draft budget for the Iranian year 1405 (March 2025-March 2026), following the rejection of its general outline by the parliament’s Joint Committee.

Tehran protests fizzle out as dollar drops 10,000 tomans after central bank shake-up

Reports from central Tehran indicate that protests triggered by a sharp rise in foreign exchange rates have fizzled out, with normal conditions returning to key commercial districts following changes in the country’s economic leadership.

Tehran Bazaar businessmen hold protests over economic conditions, soaring currency rates

On Monday some businessmen in Tehran’s Bazaar closed or partially closed their shops in protest at what they see as the dire economic conditions in Iran and the soaring currency rates.

Iranian president outlines budget priorities amid economic challenges

Iranian President Massoud Pezeshkian emphasized the exceptional challenges faced by the country during this year’s budget planning in a parliamentary address.

Pres. Pezeshkian submits draft annual budget bill to Parliament

President Masoud Pezeshkian submitted Iran’s draft budget bill for the next fiscal year to Parliament.

Iran’s foreign trade surpasses $76.5 billion in first eight months of year

Iran’s foreign trade reached $76.54 billion in the first eight months of the current Iranian year, according to new data released by the Islamic Republic of Iran Customs Administration (IRICA). Total trade volume during the period amounted to 131.05 million tons of goods.

Iran’s Central Bank transfers Ayandeh Bank deposits to Bank Melli

The Central Bank of Iran (CBI) announced that all deposits and customers of Ayandeh Bank will be transferred to Bank Melli Iran starting Saturday, marking the end of Ayandeh Bank’s operations after years of financial imbalance and regulatory noncompliance.

Iranian parliament approves plan to remove four zeros from national currency

The Iranian Parliament has approved amendments to the Monetary and Banking Reform Bill, which includes removing four zeros from the national currency.

Iran says multi-national projects in Chabahar undeterred by US sanctions

Tehran has announced its joint development projects with New Delhi and other countries in the deep-water port of Chabahar will continue regardless of a recent decision by Washington to withdraw a sanctions waiver granted to the port seven years ago.

Iran’s non-oil trade hits $34.2bn in 1st 4 months of 2025

According to the Islamic Republic of Iran Customs Administration (IRICA), the country's non-oil trade in the first four months of 2025 reached 61.02 million tons valued at $34.175 billion.

Iranian official: No government-owned essential goods left at ports

CEO of the Government Trading Corporation of Iran Seyed Saeed Rad has confirmed that no government-owned essential goods remain stranded at the country’s ports, assuring the public that Iran’s strategic reserves of basic commodities are in a strong and stable condition.

Former head of Iran’s Chamber of Commerce warns against controversial migration bill

Hossein Selahvarzi, former head of Iran’s Chamber of Commerce, has issued a strong warning against a proposed bill to establish a “National Migration Organization,” claiming it would worsen Iran’s economic, social, and security challenges.

Iran govt. nominates Seyed Ali Madanizadeh as new economy minister

The Iranian government has officially nominated Seyed Ali Madanizadeh as the new minister of economic affairs and finance, parliament's presidium spokesperson Abbas Goudarzi announced on Sunday.

Data: Iran faces longest sustained high inflation in modern history

Iran's economy has entered uncharted territory as official data confirms the country is experiencing its longest continuous period of high inflation, with prices rising over 30% annually for seven consecutive years, Donya-ye Eghtesad economic paper reported on Saturday.

Iran launches 2 new digital platforms to strengthen fight against money laundering, terror financing

The Iranian Financial Intelligence Unit (FIU) has officially launched two major digital platforms — SAMAM and SABA — aimed at increasing transparency, strengthening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, and accelerating the analysis of suspicious financial transactions.

Iranian currency strengthens amid positive signals from indirect Iran-US nuclear talks

The Iranian currency market has experienced significant declines in exchange rates following indirect nuclear talks between Iran and the United States, described as "positive and constructive" by both parties.

Iran’s Parviz Khan Customs records $996 million in exports to Iraq

Parviz Khan Customs in Iran’s western Kermanshah Province reported a remarkable performance in 2023, achieving exports valued at $996 million and totaling 2.878 million tons of goods to Iraq.

Iranian vice president: Economist Tayebnia top candidate for vacant economy minister position

Iran's Executive Deputy President Jafar Ghaem-Panah has announced that former economy minister and senior economist, Ali Tayebnia, has been proposed as the main candidate for minister of economic affairs and finance.

New figures: Iran-Saudi trade sees astonishing 6,483% growth

Iran's non-oil trade with Saudi Arabia skyrocketed by an unprecedented 6,483% in the past 12 months, marking the most dramatic growth among all neighboring countries as the former rivals continue to mend relations, according to official customs data released Friday.

Iran-Afghanistan trade via Dogharoun border exceeds $3 billion annually

Iran’s Consul General in Herat, Alireza Marhamati, announced that annual economic exchanges between Iran and Afghanistan through the Dogharoun border have surpassed $3 billion.

Iran’s exports to Americas surge 4.5-fold; free trade with Venezuela nears finalization

A senior official from the Trade Promotion Organization of Iran announced a significant increase in Iran’s exports to the Americas, alongside progress in establishing free trade agreements with Venezuela and other countries.

Iran’s 20-Year Vision Plan: A review of unmet goals as 1404 horizon arrives

As Iran reaches the end of its 20-Year Vision Plan (2005-2025), a critical assessment reveals that many of the ambitious goals set in 2004 remain unfulfilled.

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