Iran Economy

The latest news and views about the economy of Iran

Economy

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

IFP Editorial Staff -
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.
Economy

Iranian president says BRICS, SCO, EAEU opening major economic opportunities for Tehran

IFP Media Wire -
Iranian President Masoud Pezeshkian has stated that Tehran’s active participation in BRICS, the Shanghai Cooperation Organization, and the Eurasian Economic Union is creating significant economic opportunities, including expanded regional markets for traders and investors.
Economy

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

IFP Editorial Staff -
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.
Economy

IMF revises up Iran’s economic growth projections for 2025

IFP Media Wire -
The International Monetary Fund (IMF) published a report, revising up its economic growth projections for Iran for 2025.
Economy

Iranian parliament approves plan to remove four zeros from national currency

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

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

IFP Editorial Staff -
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.
Economy

Central Bank says Iran’s economy grew by 3.1% in year to late March

IFP Media Wire -
The Iranian economy expanded by 3.1% in the calendar year to late March, figures from the Central Bank of Iran (CBI) show.
Economy

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

IFP Editorial Staff -
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.
Economy

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

IFP Editorial Staff -
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.
Economy

Iran govt. nominates Seyed Ali Madanizadeh as new economy minister

IFP Editorial Staff -
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.
Economy

Iranian daily slams domestic ‘self-imposed sanctions’ amid economic woes

IFP Editorial Staff -
Iran's Jomhouri Eslami newspaper has sharply criticized what it describes as "self-imposed sanctions," warning that domestic mismanagement and corruption are exacerbating the country’s economic crisis more than foreign sanctions.
Economy

Data: Iran faces longest sustained high inflation in modern history

IFP Editorial Staff -
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.
Economy

President Pezeshkian says Iran welcomes foreign investors, international traders

IFP Media Wire -
Iranian President Masoud Pezeshkian has stated that Tehran welcomes foreign investors and international traders to participate in economic activities and investment opportunities in the country.
Economy

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

IFP Editorial Staff -
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.
Economy

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

IFP Editorial Staff -
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.
Local

Iran’s President Promises economic reforms in Nowruz address

IFP Media Wire -
Iran’s President Masoud Pezeshkian has promised to find a way to tackle inflation. He stated that livelihood, housing, health, and education remain the top priorities of his administration for the new year.
Economy

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

IFP Editorial Staff -
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.
Economy

Iran’s non-oil exports surge 19% y/y in Apr-Feb: IRICA

IFP Media Wire -
Iranian Customs Office (IRICA) figures have shown that Tehran’s non-oil exports rose by nearly a fifth in the 11 months to late February.
Economy

Iran reports significant increase in trade with neighbors

IFP Media Wire -
Iran’s trade with its neighboring countries rose substantially in the 10 months to late January compared to the same period last year.
Economy

Iran’s non-oil exports surge by 18% compared to last year

Mahdi Arman -
The Governor of the Central Bank of Iran, Mohammadreza Farzin, announced on Wednesday a significant increase in the country’s non-oil exports over the past 10 months.
Economy

Minister of Economy: Iran’s non-oil exports hit $47.8 bn

IFP Editorial Staff -
Iran's non-oil exports have shown a significant increase, reaching $47.8 billion over the first ten months of the current fiscal year. That’s According to Iran’s Minister of Economy Abdolnasser Hemmati.
Economy

IMF says Iran’s economy will continue to grow in 2025

IFP Media Wire -
The International Monetary Fund (IMF) has assessed that Iran’s economy will continue to grow in 2025.
Economy

Iran expects major boom in trade ties with EAEU members

IFP Media Wire -
Iran expects a major boom in trade ties with member states of the Eurasian Economic Union (EAEU) after Tehran gained observer status in the bloc and just months before the two sides enter into a free trade agreement.
Economy

Economy minister says Iran’s rise in new world order promotes active role in global affairs

IFP Media Wire -
Iran’s minister of economic affairs and finance has stated that the increase in Tehran’s power in the new world order has enabled the country to play an active role in areas such as combating climate change, technology transfer and joint investments.
Economy

Iran’s Central Bank says to launch digital Rial in near future

IFP Media Wire -
Governor of the Central Bank of Iran Mohammad Reza Farzin has announced that the digital Rial will begin operations soon. He also stressed that the development of modern banking is one of the central bank’s key ongoing goals.
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