The Central Bank of Iran has blocked at least 96 trillion rials ($2 billion) in public's money in a government scheme for car pre-sales, feared as another scam. The Islamic Republic’s Ministry of Industry, Mine
Thousands of Iranian workers have signed a protest letter sent to President Ebrahim Raisi against an increase that would see the minimum wage rise by only about half of the current inflation rate. In the letter
The Islamic Republic's chief banker says strict measures recently introduced on the banking system are aimed at curbing capital flight, claiming they follow international norms. Mohammad-Reza Farzin, the governor
Russia has started exporting gasoline and diesel to Iran by rail this year for the first time since it lost its traditional customers over its invasion of Ukraine. Citing industry sources and exports data, Reuters
A conservative newspaper in Tehran has harshly criticized President Ebrahim Raisi for his failure to solve Iran’s economic problems and to control rising prices. Jomhouri Eslami [Islamic Republic] newspaper reported
Chaos has ensued in Iran’s financial and currency markets as the government tries to restrict the sale of cash US dollars. The Central Bank of Iran (CBI) issued a new directive in March to stop cash dollar ...
US State Department says reports about the administration planning a partial, interim nuclear deal with Iran are “rumors” that “tend to seldom be accurate.” In response to a question on the issue by Iran
Private refiners in China, the largest crude importer, are snapping up more Iranian oil as competition for supplies from Russia rises. So-called teapots are prioritizing the flows, with Russian supplies getting
Iran hit a new record in annual inflation in the calendar year which ended on March 20, but pundits say the country will go into hyperinflation this year. Hyperinflation is a very high and typically accelerating
The Iranian rial has witnessed a 94% decline in the last decade as the economy plunges further into darkness, according to recent reports. In research by The Economist, it shows the rial reached its lowest value
Prime Minister Shehbaz Sharif has been informed that Iran has the right to take Pakistan to the Court of Arbitration under French law if the IP (Iran-Pakistan) petrol line project is not finished by February or
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