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Economy

Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.

Rial’s Depreciation Threatening Iran’s Border Markets

Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.

Turkey Calls for Establishment of Joint Bank with Iran

A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.

New iPhones Available for Pre-Order in Iran at Astronomical Prices

Apple’s latest flagship iPhone series, XR and XS, have been put up for pre-order in Iran, but the prices are so astronomical that only the super rich can afford them!

Iran, Turkmenistan to Boost Mutual Trade to $60b

Mahmoud Vaezi, the chief of staff of Iranian President Hassan Rouhani, says Tehran and Ashgabat are seeking to upgrade the value of their mutual economic relations to $60 billion.

Iran Can Meet Turkmenistan’s Trade Needs: President

Turkmenistan’s President Gurbanguly Berdimuhamedow says his country is fully prepared to expand its mutual ties with its southern neighbour, the Islamic Republic of Iran, in all areas, especially in business.

Iran, India, Afghanistan Agree to Boost Cooperation on Chabahar

The first tripartite meeting of Iran, Afghanistan, and India was held on September 11, 2018 at the level of deputy foreign ministers in the Afghan capital of Kabul.

Lalejin; A World Craft City with Zero Unemployment Rate

The city of Lalejin in Iran’s Hamadan province is globally known for its pottery, and this has helped the World Craft City to decrease its unemployment rate to almost zero.

Forex Offices Allowed to Import Foreign Currencies to Iran

The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
FATF

Iranian MPs to Review Bill on Iran’s CFT Accession

The Iranian parliament is to review a bill on Iran’s accession to Combating the Financing of Terrorism (CFT), which was earlier proposed by the government as part of measures to adopt the standards set by the Financial Action Task Force (FTAF).

Tehran, Moscow, Ankara Agree to Ditch US Dollar in Trade

Governor of the Central Bank of Iran (CBI) says important agreements have been reached with Russia and Turkey on oil sales and ditching the US dollar in bilateral trade.

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