Iran’s currency, rial, rose against major currencies on Wednesday after reports last week said Tehran had used some of its unblocked funds kept in Oman. The rial broke through the psychological barrier of 500,000
In recent weeks, numerous cases of organized corruption involving various agencies, ministries, and even the central bank have been reported. For example, the General Inspection Organization of the regime announced
Iran denies challenges in obtaining foreign currency, contradicting tangible signs of shortages of vital imports in the Iranian market and a plummeting rial. Amid the government's faltering attempts to assert control
During the meeting, CBI Governor Mohammad-Reza Farzin announced the development of monetary and banking relations between Iran and Syria and the removal of the dollar from the economic and commercial exchanges
Iran’s pension funds are confronting a critical juncture, presenting the regime with a daunting decision-making challenge. The options on the table—either raising the retirement age or merging pension funds—come
Iran’s former chief banker says the government has printed about $5.6 billion worth of national currency in the past year, aggravating the country’s inflation rate. Abdolnaser Hemmati, the former governor of
In the realm of mathematics and statistics, it becomes painfully evident how the Iranian regime’s economic policies have led to monopolization and oppression, inflicting severe blows upon the Iranian people
Iran’s Fars News Agency reported on Tuesday that South Korea’s Foreign Minister has said that efforts to “transfer Iranian funds that were blocked in South Korea are continuing.” Iran has in the past targeted
In a conversation with Mohammad Reza Khabaz, a former member of Iran regime’s parliament, the state media outlet Arman Melli wrote, “During the early days of the revolution, the connection between the people
In its latest report the World Bank has reported about “significant” internal and external risks threatening the Iranian economy in the medium term, as well as the high inflation rate and persistent unemployment
Iran’s economy is facing significant medium-term internal and external risks, the World Bank’s Iran Economic Monitor (IEM) said in its latest report this month. While domestically, “there is a risk of escalating
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