The latest news and views about the economy of Iran
Iran’s no-oil exports rise by 22% in first 4 months of this year
The Iranian government spokesman Ali Bahadori says Iran's no-oil exports in the first 4 months of the Persian year 1401 hit 17 billion dollars.
Iranian Intelligence Ministry dismantles forgery ring
Iran’s Intelligence Ministry says its agents have dismantled a forgery and corruption ring after identifying all its members.
Iran 10th bigest steel producrer in the world, despite decrease in production
World Steel Association declared in its latest report that steel production in Iran in June 2022 decreased by 10.5% compared to the same period in 2021.
Iranian president urges efforts to streamline border trade
Iranian President Ebrahim Raisi has called for authorities to make efforts to improve the livelihoods of people living in border areas.
Iran’s non-oil trade with SCO surges by 29%
Iran’s non-oil trade volume with permanent and observer member states of the Shanghai Cooperation Organization (SCO) has increased by 29 percent in the second quarter of 2022 compared to the same period last year, the spokesperson for Iran’s Customs Administration says.
Iran eyes improved marine transportation capacity in road to becoming regional transit hub
Deputy Iranian Minister of Roads and Urban Development says an increase in the number of marine transportation fleet in the northern and southern waters is expected to lead to considerable rise in trade with neighboring countries.
Iranian daily belittles Raisi administration for boasting of ‘small-time trade with region’
An Iranian daily has criticized the President Ebrahim Raisi administration for boasting of a policy of economic engagement with regional countries, which “accounts for merely six percent of the world economy.”
Thanks to trade diplomacy, Iran’s exports rise across board
Official figures show Iran’s exports to neighbors and beyond grew last year despite harsh US sanctions on the country.
Iranian official: Neighbors accounted for 51 percent of Iran’s total exports
The Iranian Customs Organization’s spokesman has said non-oil trade between the country and neighbors in the first quarter of this Persian year was $12.36bn. Seyyed Ruhollah Latifi added that neighbors accounted for 51 percent of Iran’s total exports.
Iran to roll out pilot version of Crypto-Rial digital currency soon
Iran says it is preparing to roll out a pilot version of its first Central Bank Digital Currency (CBDC), named Crypto-Rial, in around two months, in a development that could transform the country’s financial canvas.
Daily critical of soaring prices of goods in Iran
An Iranian daily says the administration of President Ebrahim Raisi has failed to make good on his promises to keep prices of basic commodities and products in check after removing the subsidies.
Report: Iran registers highest monthly inflation figure since 1979
Iran’s monthly inflation has hit a four-decade record high of 12.2 percent over the Persian calendar month of Khordad – May 22 to June 21.
Iran’s foreign trade hits $25.5bn in the first quarter
Iran’s Customs Administration says the country recorded a foreign trade of 25.5 billion dollars in the first three months of the current Persian calendar year that began on March 21.
Iranian economists warn about consequences of government policies
Dozens of Iranian economists, in an open letter addressed to the government, have expressed concern about the current social and economic situation in the country saying public worries about their livelihoods and businesses have reached a point of explosion.
Govt. rejects reports on fuel prices rise
Iran’s government spokesman has dismissed reports that the president is considering a rise in gasoline prices, after Ebrahim Raisi’s comments on “difficult economic decisions” triggered panic about further economic woes, amid raging inflation.
Iran’s president unveils 82 projects
Iranian President Ebrahim Raisi has unveiled 82 industrial, construction and agricultural projects in Iran’s free and special trade zones via video conference.
Shamkhani: Iran firmly resolved to push ahead with development plan
The secretary of Iran’s Supreme National Security Council has said Iran’s Islamic establishment is firmly resolved to push the country toward development.
President Raisi: Govt. seeking to materialize 8% economic growth
Iranian President Ebrahim Raisi says the government is seeking an eight percent economic growth and management of the so-called preferential foreign currency rate, allocated to some basic goods to prevent a rise in their prices.
President Raisi says his administration ‘doesn’t seek to remove subsidies’ for essential goods
Iranian President Ebrahim Raisi says his administration seeks to reform the allocation of subsidies for essential goods but does not aim to eliminate them.
Iran’s VP: Govt. seeking fair distribution of subsidies
Iran’s first vice president says the administration is determined to enable a fair distribution of subsidies among the people, urging the public “not to worry” over purchases of essential items, amid a rise in prices of certain flour-based goods in the country.
Prices of some essential items soaring in Iran as govt. eliminates flour subsidy
Iranians have, in recent days, witnessed a steep hike in prices of essential items, mainly wheat-based food, in the aftermath of a government decision to eliminate the subsidy for industrial use of flour.
Iran’s economic growth rate was 5.8% last fall: Central Bank
Iran’s Central Bank has released the economic indices for the third quarter of the last Persian-calendar year (ended March 20).
Iran registered positive balance of trade last month: Customs official
An Iranian customs official says the Islamic Republic registered a positive balance of trade in the first month of the Persian calendar year (ended April 20).
Iran’s trade rises 3-fold in Q1 of 2022: Customs
Iran’s Customs Administration says the country’s foreign trade registered a more than three-fold increase in the first quarter of 2022 year on year.
Iran trade with neighbors grows to $52bn
The value of Iran’s trade with neighboring countries grew 43% percent last Iranian calendar year, compared to the previous one, which ended on March 20.