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Iran Economy News

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

Iran Not to Wait for Europeans: Zarif

Iran’s foreign minister says the country will not wait for the Europeans and will work with its traditional partners.
Iranian Official Hopeful Ditching Dollar Boosts Iran-India Trade

Iranian Official Hopeful Ditching Dollar Boosts Iran-India Trade

An Iranian official expressed hope plans to ditch dollar in bilateral trade between Iran and India would soon go into effect, allowing the two countries’ private sector companies to cooperate to realize a trade target of $30 billion.

Iran Reliable Supplier of Oil for India: FM Zarif

Iran’s foreign minister says the country has always been, and will remain a reliable supplier of petroleum for India.

Iran’s FM to Travel to India to Deepen Ties

Iran’s foreign ministry spokesman Bahram Qassemi says the Foreign Minister of the Islamic Republic Mohammad Javad Zarif will visit India on Monday January 7, at the head of a high-level political and economic delegation.

CBI Offers to Lop Four Zeroes Off National Currency

The governor of the Central Bank of Iran says the body has submitted a proposal to the government to remove four zeroes from the national currency, reviving a shelved plan to keep up with rampant inflation.
Parliament

Iran Bans Advertisement of Foreign Goods

Iranian lawmakers have approved a new law banning any advertisement of foreign products with the goal of supporting domestic production.
FATF

Iran’s Expediency Council Ratifies Second FATF-Related Bill

Iran’s state arbitration body has approved a bill to amend Iran’s anti-money laundering law in compliance with the Financial Action Task Force guidelines, pushing Iran closer to meeting the requirements for getting out of the global standard setter’s black list.

Is CBI Preparing to Lop Four Zeroes Off National Currency?

A new banknote unveiled by Iran’s CBI on Tuesday has fueled rumours the government is preparing to remove four zeros from the Iranian currency, rial.

‘Iran, Syria’s Top Priority in Reconstruction Projects’

The Syrian ambassador to Tehran says Damascus gives priority to Iran when it comes to the reconstruction of the war-torn country.
Iran's Oil Minister Bijan Zanganeh

Iran to Hold 3rd Round of Direct Oil Sales Next Week: Minister

Iran's Oil Minister Bijan Zanganeh says the third round of direct sale of oil to non-government traders through oil bourse may be held next week.

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