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The latest news and views about the economy of Iran

Iran’s Reliance on Oil Revenues Down to 30 Percent: VP

Iran’s first vice president says the country’s reliance on oil revenues has reduced significantly due to the hard efforts made over the recent years.

Is Iran Planning to Recognize Bitcoin?

The unveiling of a new system during the recent International Exchange, Bank and Insurance Fair (IRAN FINEX) in Tehran has aroused speculations that Iran might be planning to legalize Bitcoin as a legal currency in a bid to survive the new round of US bans.

Brazil Says Ready to Help Iran in Face of US Sanctions

The Brazilian ambassador to Iran says the US’ anti-Iran sanctions are cowardly and, if necessary, Tehran can count on Brazil in this regard.

US Seeking to Devaluate Iranian Currency: Rouhani

Iran’s president says the United States wants to have the Iranian currency devalued in order to achieve its illegitimate objectives.

Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.

Iran’s Exports Hit $70bn despite Sanctions: Customs Chief

Head of Iran’s Customs Administration says despite the cruel sanctions imposed by the US, the Islamic Republic’s oil and non-oil exports have reached $70 billion.

Iran Says to Launch Mechanism Proportionate to INSTEX

Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran.

Women Entrepreneurs Shining in Iran despite Sanctions

The “Women of the Sanctions Era” campaign composed of successful women entrepreneurs has recently gone viral on social media networks in Iran as the country is grappling with the “toughest sanctions ever” imposed by the US.

Iran Ready to Boost Ties with China within ‘One Belt, One Road’

Iranian Minister of Economic Affairs and Finance has called for expansion of mutual ties between Iran and China in all areas within the One Belt, One Road Initiative.

Iran, Syria Sign 18 Deals to Expand Business Ties

Iran and Syria have signed at least 18 deals as part of a larger plan to expand their trade ties amid the US unilateral sanctions on the Islamic Republic.

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