The latest news and views about the economy of Iran
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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.
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.
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!
A report by the Iranian government says the US state and treasury departments, along with the country’s intelligence bodies, have started concerted efforts to manipulate Iran’s currency market.
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.
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.
Iranian ambassador to the United Kingdom says the US’ all-out economic war against Iran is aimed at overthrowing the Islamic Establishment through fomenting public dissatisfaction.
The Iranian president says his government is determined to handle challenges the nation is facing, and he is optimistic the country will succeed in foiling hostile plots, just like the way it managed to discredit nuclear allegations against Iran.
Iran’s Chamber of Commerce has urged the Rouhani administration to join the Financial Action Task Force (FATF), an international body which develops policies to combat money laundering.