The Leader of Iran’s Islamic Revolution says he is well aware of the country’s economic conundrums and believes they can be overcome in the near future.
A senior Iranian security official says Washington has formally announced that it is using the greenback as an economic tool to impose its will on other countries.
Iran’s minister of economy and finance is heading a huge business delegation in an official visit to the Russian capital of Moscow for talks on mutual economic cooperation.
Governor of the Central Bank of Iran Valiollah Seif has written a letter to the Iranian minister of trade and industry to reiterate his earlier calls for removing the US dollar from all business transaction.
Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings.
An Iranian parliamentarian says using alternative foreign currencies in international financial transactions will ease psychological pressure on the dollar market.
The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.
Iran’s former minister of economy and finance, Ali Tayyeb-Nia, has been awarded the prestigious Lee Kuan Yew Prize, said Singapore’s Ministry of Foreign Affairs in a letter to Iranian embassy in Singapore.
Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.
The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).
Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.
Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.
A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.
Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.
president Hassan Rouhani said improving the economic situation of Iranians tops the agenda of his government, in an attempt to appeal to the public, which has grown increasingly critical of his economic performance.
Unlike earlier estimations, Tehran Stock Exchange market has not only remained unaffected by the anti-Iran rhetoric of US President, but also has ridiculed his rhetoric by showing a significant growth in some terms.
The International Monetary Fund has in its latest World Economic Outlook announced that Iran's economic growth rate in 2016 was 12.518% year-on-year and its unemployment rate rose to 12.450%, while the inflation rate fell to 9.03%.
Extracting vegetable oil in front of customers has turned into a booming business in recent years in Iran as it is profitable and does not need much investment.
Which are the most profitable markets for investment in Iran? This is perhaps the main question lingering in the minds of all investors and even those who are seeking to launch a business in Iran with their savings.
Iran’s Parliament speaker says the Islamic Republic and South Korea have great potentials for investment and job creation, and both are interested in expanding their trade cooperation.
