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The latest news and views about the economy of Iran

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.

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