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The latest news and views about the economy of Iran

Iran Ready to Launch Joint Iranian-Syrian Bank

Governor of the Central Bank of Iran Valiollah Seif says Tehran is keen and prepared to launch a joint bank with Syria as part of its policy of expanding business ties with Damascus.

Enemy Plotting to Exert Economic Pressure to Disappoint Iranians: Leader

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the enemies’ major conspiracy is to put Iranian people under economic pressure to frustrate them.

Iran President Issues Orders to Push Down Soaring Prices

Iran’s President Hassan Rouhani has ordered relevant organizations to adopt appropriate measures to push down the soaring prices of goods in the country.

Iran, China to Use National Currencies in Trade Transactions

The Iranian minister of finance and economic affairs says Iran and China have agreed to use the national currencies of both countries in their trade transactions.

Foreign Investment in Iran Soared by 49 Percent in 2017

The latest annual report of the United Nations Conference on Trade and Development said Iran has managed to attract over $5 billion in direct foreign investment, showing a 49 percent increase compared with 2016.

“Drop in Lira’s Value Due to Turkish Economy’s Dependence on Foreign Assets”

A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.

“US Sanctions on Iran’s Bank Chief Break Int’l Rules”

Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.

“Iran Must Prepare Itself for All-Out Economic War”

Mohammad Javad Larijani, a senior and influential politician, says the Iranian government must prepare itself for a full-scale economic war waged by the US.

“US Targeting Iran’s Achilles’ Heel to Curtail Its Regional Influence”

A political commentator says Washington’s pullout from the Iran nuclear deal and re-imposing sanctions were basically aimed at cutting back Tehran’s influence in the Middle East.

Europe to Open Channel to Facilitate Iran Banking Transactions: Official

Europe is seeking to open up a banking channel to allow conduction of transactions with Iran, as part of measures to protect European companies doing business in Iran against Washington’s move to re-impose anti-Tehran sanctions, an Iranian official said.

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