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The latest news and views about the economy of Iran

Iran Announces Protocol on Granting 5-Year Residence Permits to Foreign Nationals

Iran Announces Protocol on Granting 5-Year Residence Permits to Foreign Nationals

Directives on issuing residence permits to foreign nationals making investment in Iran have been announced.
Vice President Urges Development of Digital Economy in Iran

Vice President Urges Development of Digital Economy in Iran

Iranian First Vice President Es’haq Jahangiri has called for plans to develop the infrastructures for digital economy in the country, highlighting the role that the Ministry of Information and Communications Technology plays in working towards that goal.
Iran President Issues New Orders on Backing Businesses Hit by COVID-19

Iran President Gives Orders to Support Businesses, Regulate Auto Market

The Iranian president has instructed the caretaker of the Ministry of Industry, Mine and Trade to adopt the necessary measures to manage the market and support businesses amid COVID-19 pandemic.
Efforts Should Be Made to Better People’s Living Standards: Rouhani

Efforts Should Be Made to Better People’s Living Standards: Rouhani

The Iranian president says all efforts should be channeled into improving people’s economic situation and living standards as well as boosting hopes of a better future.
Iran Bans Import of Medical Items Obtainable at Home

Iran Bans Import of Medical Items Obtainable at Home

The caretaker of Iran's Ministry of Industry, Mine and Trade has imposed a ban on the import of the medical supplies that are produced domestically.
Parliament Imposes Fines on Taking Currency Out of Iran

Parliament Imposes Fines on Taking Currency Out of Iran

The Iranian Parliament passed a law on Sunday according to which the plans to take foreign currency out of the country may be subject to forfeiture and will result in financial penalties.
Tehran Stock Exchange Index Passes 1mn Points

Tehran Stock Exchange Index Passes 1mn Points

The Tehran Stock Exchange (TSE) index has surpassed 1 million points for the first time in history.
Iranian Newspapers

Decision to Cut Four Zeros from Currency Grabs Headlines in Iran

IFP has taken a look at the front pages of Iranian newspapers on Tuesday, May 5, 2020, and picked headlines from 12 of them. IFP has simply translated the headlines and does not vouch for their accuracy.
National Currency

Iran Not 1st Country to Lop Zeros Off National Currency

The idea of knocking off zeros from countries’ national currencies goes back decades, with some governments removing noughts from banknotes several times to harness inflation.
Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.