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