The Iranian Customs Organization’s spokesman has said non-oil trade between the country and neighbors in the first quarter of this Persian year was $12.36bn. Seyyed Ruhollah Latifi added that neighbors accounted for 51 percent of Iran’s total exports.
China and Russia have voiced support for an application filed by Iran — which is home to one of the world’s largest oil and natural gas reserves — to become a member of the BRICS alliance of emerging economic powers.
Iran says it is preparing to roll out a pilot version of its first Central Bank Digital Currency (CBDC), named Crypto-Rial, in around two months, in a development that could transform the country’s financial canvas.
President Ebrahim Raisi expresses Iran’s readiness to share all of its capabilities and capacities with the BRICS states to help the five emerging economic powers achieve their objectives, saying Iran, as a reliable partner, can connect them to the world’s main energy routes.
A spokesperson for the British Prime Minister Boris Johnson’s office has revealed that the UK is weighing mechanisms to facilitate restoration of trade ties with Iran.
Iran’s monthly inflation has hit a four-decade record high of 12.2 percent over the Persian calendar month of Khordad – May 22 to June 21.
Iran’s Customs Administration says the country recorded a foreign trade of 25.5 billion dollars in the first three months of the current Persian calendar year that began on March 21.
Latest figures from Turkey’s Statistics Office show Iranians remain among the top purchasers of residential buildings in the country.
Official data show the value of trade between Iran and Turkey increased by 38 percent to $2.1 billion in the first four months of 2022, up from $1.5 billion during the same period a year earlier.
Iran and Turkmenistan have agreed to establish a joint Trade center aimed at facilitating economic ties between the two neighboring countries.
The Iranian foreign ministry’s deputy for economic diplomacy has described relations with Russia as strategic calling for a focus on energy, trade and transit sectors to build on a surge in ties which he says saw a jump over the past months.
A group of home appliance shop owners hold a protest in downtown Tehran against a plan by the Iranian Ministry of Finance to levy tax on their banking transactions.
Dozens of Iranian economists, in an open letter addressed to the government, have expressed concern about the current social and economic situation in the country saying public worries about their livelihoods and businesses have reached a point of explosion.
Iran’s police say they have arrested 31 principals pulling the string of futures foreign currency and gold trade, as the Iranian rial’s exchange rate against the US dollar hits historical lows, driving a gold price surge.
Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.
An Iranian daily has taken a swipe at the administration of President Ebrahim Raisi for failing to tackle the spiraling food prices.
Tehran and Moscow have discussed ways of tackling money laundering amid joint efforts between the two countries to minimize the impacts of foreign sanctions on their banking and financial sectors.
Figures released by Iran’s customs organization show that non-oil exports by the country leaped by 30 percent in the first two months of the Persian year of 1401.