Iranian Finance

Iranian businessman says pandemic could help Iran restore global economic position

Mar 25, 2020 13:11

The coronavirus pandemic may lead to a drastic change in Iran’s economic position in the world given that many countries are now pressing the United States to ease its illegal and unilateral sanctions on the country to help it fight the virus, says a major Iranian businessman.
Central Bank governor: Some of Iran’s frozen assets may be released

Mar 25, 2020 09:37

Central Bank Governor Abdolnassr Hemmati says some of Iran’s assets frozen in foreign accounts are likely to be freed up.
Iran 81% self-sufficient in food despite floods and locust: Minister

Mar 23, 2020 10:57

Iran’s caretaker agriculture minister says self-sufficiency in food production is no longer a cherished dream for Iran as the country currently relies on home-grown products for more than 80 percent of its agrifood needs.
Iran third quarter unemployment rate edged down to 10.6%: Report

Mar 22, 2020 09:46

Iran’s unemployment dropped by more than one percentage point year-on-year in December.
Iran’s foreign trade hits new high in volume terms despite US sanctions

Mar 21, 2020 15:33

Head of Iran’s customs office has made a statement about the general situation of foreign trade in the past Iranian calendar year, saying the volume of exports and imports stood at a record high despite the illegal sanctions imposed by the US regime.
Iran’s chief banker says economy emerged from harshest year on record

Mar 19, 2020 12:29

The governor of the Central Bank of Iran (CBI) says robust and sound monetary policies adopted by the bank helped the country come back from the harshest of shocks that an economy could face in one single fiscal year.
Iran copper cathode output stable y/y in February: Report

Mar 15, 2020 12:43

Refined copper cathode production by major Iranian smelters was stable in the 11-month period ending February 19 despite the series of illegal US sanctions targeting Iran’s trade of metals.
Iran’s exports of steel up by nearly a third in March-February: Report

Mar 12, 2020 12:32

Iran’s exports of steel have surged by nearly a third in the 11-months period between late March and late February 2019, shows a report.
Calls for President Rouhani to take helm of Iran committee fighting coronavirus

Mar 11, 2020 08:49

Calls have been growing for President Hassan Rouhani to personally take charge of a crisis committee formed to manage the nationwide fight against a coronavirus epidemic that has gripped several provinces.
Iran petrol price hikes caused consumption to fall by 26%: Oil Ministry

Mar 04, 2020 11:34

Iran’s implementation of fuel price hikes last year helped curb rampant use of petrol in the country by more than a fourth, says an Oil Ministry official.