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The latest news and views about the economy of Iran

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 Says Two US Departments Manipulating Its Currency Market

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.

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.

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.

“US Resolved to Topple Iran Ruling System through Economic War”

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.

Iran’s Economy Minister Sacked by Parliament

Iran’s Minister of Economic Affairs and Finance Masoud Karbasian could not survive an impeachment by the Iranian Parliament and will have to leave his office.

Rouhani Optimistic Iran Could Overcome Existing Challenges

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.
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Iran Chamber of Commerce Says Tehran Must Join FATF

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.

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