Friday, March 29, 2024

Iran Economy

“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.

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.

Mismanagement, Not Sanctions, Main Cause of Iranian Currency Devaluation: Leader

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the country, saying the internal factor has been much more effective than external ones like sanctions.

Iran Unveils New Policies to Restore Calm to Forex Market

Abdolnasser Hemmati, the newly-appointed governor of Iran’s Central Bank, unveiled a package of measures to rein in the recent turbulence in foreign currency market in Iran.

Arab Pilgrims Exchanging Currencies in Iranian Streets

The three-month closure of currency exchange offices in the holy city of Qom in central Iran has prompted many ordinary people and even foreign pilgrims to turn to the city’s streets to exchange their money and even earn a livelihood.

Rouhani to Appear before Parliament to Reveal “Truths” behind Economic Crisis

Iranian President Hassan Rouhani has decided to go to the Parliament to respond to the lawmakers’ questions about the Iranian economy, planning to use the opportunity to reveal “truths” behind the country’s conditions.

Iranian Lawmakers Summon President amid Economic Crisis

After several failed attempts, Iranian lawmakers for the first time mustered enough votes on Wednesday to summon President Hassan Rouhani to answer their questions in coming weeks over issues related to his handling of the country’s struggling economy.

“Iranian Government to Resolve Economic Crisis Soon”

Iran’s First Vice-President Es’haq Jahangiri says the new economic conditions in Iran will not continue and the government plans to introduce a new foreign currency package to deal with the situation.

Gov’t under Pressure to Do More to Stop Rial’s Historic Plunge

The Iranian government is under great pressure to take more steps to normalize what the Central Bank calls “unusual” economic conditions, as the country grapples with a flagging economy and the national currency slides to record lows.

14% Rise in Iran’s Non-Oil Exports despite US Pressures

The Islamic Republic of Iran Customs Administration (IRICA) has released details of the country’s foreign trade, which show during the first four months of current Iranian year the value of Iran’s non-oil exports has risen by over $30 billion.

Turkey Working to Avoid Negative Impacts of US’ Sanctions on Iran

Turkey's Foreign Ministry says the country's officials are working to prevent Ankara from being negatively affected by the US move to re-impose nuclear sanctions against Iran in the wake of Washington's withdrawal from a historic nuclear deal signed between the Islamic Republic and the P5+1 group of countries in 2015.

“EU Allocates $80 Billion Credit to Cooperation with Iranian Firms”

Vice-President of the Iranian Chamber of Commerce says the EU has allocated a huge amount of credit to facilitating trade between Iranian and European small and medium-sized enterprises.

US Confiscates Millions of Dollars of Iranian Bitcoins

An Iranian figure says the US federal government has so far seized 500 bitcoins owned by Iranian people worth over five million dollars.

Iran Leader Discusses Economic Woes with President, Cabinet

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has summoned President Hassan Rouhani and his cabinet members to discuss ongoing economic woes.

Erdogan: Turkey Set to Do Trade with Iran Using National Currencies

The Turkish president says his country is determined to conduct trade with Iran, Russia and China using national currencies.

Iran Says US Sanctions Great Opportunity for Domestic Producers

Iran’s President Hassan Rouhani says the US sanctions could be an opportunity for Iranian producers to increase their output to meet local demand.

“Saudis Collected 3.5 Million Gold Coins from Iran Market”

An Iranian lawmaker claims the Saudis have sent agents to Iran to collect some 3.5 million gold coins from Iran and transfer them to Iraq in a bid to disrupt the Islamic Republic’s economy.

“Iran Must Form Consortium with Russia, China, India to Resist US Sanctions”

Conservative newspaper Kayhan has called on the Iranian government to stop relying on the West and form a consortium with Russia, India and China as an alternative to cope with the West’s economic pressure.

Afghan Immigrants Leaving Iran after Devaluation of Iranian Currency

A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the value of the Iranian national currency, arguing that it’s no more cost-efficient to work in the country.

‘Sultan of Gold Coins’ Arrested in Tehran

Iranian police forces have arrested a man who had hoarded about two tonnes of gold coins over a period of 10 months.

Two Options Left for Rouhani: Resignation or Cabinet Reshuffle

With discontent among Iranians over economic hardships on the rise and protests breaking out against the government over a plunge in people’s purchasing power, the performance of the Cabinet has come to the spotlight.

Top Iranian Entrepreneurs Rewarded at “National Brand, National Might” Congress

The most successful business firms and entrepreneurs were rewarded in a ceremony held in Tehran on Monday.

Iran Leader Urges Judiciary to Prosecute Those Disrupting Economy

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the country’s Judiciary to take serious measures against those who disrupt the country’s economic security.

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