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The latest news and views about the economy of Iran

Tehran, Baghdad to Increase Bilateral Trade Value to $20bn

Iranian President Hassan Rouhani says Tehran and Baghdad are determined to raise the value of their bilateral trade to $20 billion per year, from the current $12 billion.

Gold, Forex Rates Decrease in Iran despite US Sanctions

Market figures in Iran show the prices of the US dollar and gold – two key drivers of consumer prices - have been declining over the past week in what is seen as a clear defiance against earlier predictions that sanctions could trigger a price shock in the country.

Iranian Crude Oil Sold Out in Energy Bourse

All the 700,000 barrels of crude oil released at Iran’s energy bourse were sold out at a rate of $64.97 in the second phase of supplying the Iranian crude oil through the market.

Iranian Schools Exempted from Paying Water, Power, Gas Bills

The Iranian government has officially exempted all schools from paying water, power, and gas bills in a bid to decrease the money parents are required to pay in order to enroll their children.

Iran Leader Urges “Decisive Decisions” to Settle Economic Difficulties

Ayatollah Seyyed Ali Khamenei , the Leader of Iran’s Islamic Revolution, has ordered top officials to take “decisive decisions” to handle key challenges facing the country’s economy, including a plunge in the value of national currency.

Iran, Russia to Ditch US Dollar in Bilateral Trade

Governor of the Central Bank of Iran Abdolnasser Hemmati says Tehran and Moscow are seeking to carry out transactions using their national currencies, gradually ditching dollar and other currencies in their trade relations.

Number of Tourists Visiting Iran Increases by 50%

A senior Iranian official says the number of tourists who visited Iran in the first six months of the current Iranian year (started March 21) rose by 51 percent compared to the same period in the past year, and that cheap prices is expected to lure more tourists.

Leader: Iran Will Definitely Overcome US Sanctions

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the country will definitely foil the enemy’s economic plot and overcome the sanctions through unity.

Striking Lorry Drivers in Iran Demand Tyres, Higher Wages

Lorry drivers in Iran have staged temporary strikes during the recent months, calling on the authorities to increase their wages and control the tyre market, which has put the drivers under great pressure.

Iran’s Economy Grows 1.9% in April-June Quarter

Iran’s Statistics Centre says the country’s economy posted a 1.9-percent gain in the three months to June 21, 2018, exclusive of oil sales.

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