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One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes. […]
In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of money laundering and financing risks. However, the CBI decided to take a more moderate stance toward the digital money and blockchain technology following the imposition of a new round of US sanctions, hoping that the […]
Parliament Speaker Ali Larijani said that the budget bill for the new Iranian year (to start on March 21, 2019) will focus on resolving economic issues to lower unemployment rate, increase the volume of non-oil exports, and boost national production. Larijani said that Iran will focus on non-oil exports in the new Iranian year, […]
Home prices in Tehran increased and property deals declined in the ninth month of the current Iranian year, Azar (ended Dec. 21), the Central Bank of Iran said. Latest data published by CBI on its website indicate that only 6,814 homes were sold in the capital during the period, signaling a year-on-year decrease of 61.7% […]
With the inauguration of the Indian Ports Global Ltd. (IPGL) office in Iran, the country has officially leased the operational control of Shahid Beheshti port to India under Chabahar agreement. An official at Ports and Maritime Organization of Iran told reporters on the sideline of a trilateral meeting between Iran, Afghanistan and India on Chabahar […]
Reduction Decision Iranian Oil Minister Bijan Namdar Zanganeh underlined his country’s decision to continue membership in the Organization of the Petroleum Exporting Countries, saying that Tehran has been exempted from OPEC’s decision to decrease crude production due to the US sanctions. Iran intends to stay in the OPEC and have coexistence with its neighbors, Zanganeh […]
After a long fracas, the CPPO and major carmakers Iran Khodro and SAIPA, have reached an agreement that says car prices at the factory that currently cost under 450 million rials ($4,360) will jump between 50-130%, informed sources told the Persian-language economic newspaper Donya-e-Eqtesad, a sister publication of the Financial Tribune. According to prices introduced […]
President Hassan Rouhani said Tue. that Iran’s oil sales have been faring much better than how they did before the Nov. 5 US sanctions targeting the country’s oil sector.
Water resources management in Iran faces challenges and must be directed towards integrated management in this sector, a water field expert from the German ministry of Science and Research said.
After withdrawal from OPEC, Qatar can start to market Iranian oil to Asia and Europe, Sam Barden, director of the international trading and consulting company SBI Markets said on Tuesday.