7 charts that challenge the distorted view of Iran’s economy
Bourse and Bazaar | Esfandyar Batmanghelidj: Recently, a number of people have insisted to me that Iran has squandered its chance to…
Currency Crisis
Iranian president appoints ex-CBI chief as banking adviser
Tasnim – Iranian President Hassan Rouhani appointed the former governor of the Central Bank of Iran (CBI) as his new adviser in…
Supervisory, intelligence agencies endeavor for economic management
IRNA – Secretary of the Guardian Council Ahmad Jannati urged dealing with the economic disturbances, management of economic situation as soon as…
Liquidity surpasses $150b
Financial Tribune – The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end…
Currency repatriation rules notified
Financial Tribune – The Central Bank of Iran notified a directive on Monday, elaborating on rules based on which exporters are required…
Iran’s Central Bank signals possible interest rate hike
Al-Monitor | Maziar Motamedi: As the rial fails to regain lost ground and Iran’s markets are imperiled by a high volume of liquidity,…
Iran’s Rouhani: Currency volatility due to foreign pressure, domestic issues
Financial Tribune – President Hassan Rouhani on Saturday weighed in on foreign exchange volatility that has seen the rial sink to consecutive…
Rial regaining value against foreign currencies: CBI governor
MNA – Iranian Central Bank Governor Abdolnasser Hemmati says that with the CBI’s intervention in foreign exchange market, the rising trajectory of…
Ex-CBI chief under investigation over corruption case: Judiciary
Tasnim – The Iranian Judiciary is investigating the former governor of the Central Bank of Iran (CBI) over recent economic corruption cases,…
Iran’s currency crisis is a supply-side story
Bourse and Bazaar | Esfandyar Batmanghelidj: On Monday, the Iranian rial sank to a historic low. But those Iranians who scrambled to convert their…
Iran lets money exchange houses import foreign bills as rial sinks
Reuters – Iran gave permission to money exchange offices on Saturday to start importing foreign currency banknotes, state media reported, in an…
Iranian airlines anxious about rising costs, dwindling business
Financial Tribune – Airlines have recently voiced concerns about their future operations, underscoring their most serious problems in a letter to President…
Iran’s rial at worst rate yet amid collapse of nuclear deal
AP — The Iranian rial has fallen to its lowest rate on record, with the currency now trading at over 150,000 to…
New appointments at CBI
Financial Tribune – Abdolnasser Hemmati, the governor of the Central Bank of Iran, on Monday officially appointed Farhad Hanifi the new deputy…
Iran rial resumes drop as oil sales sink ahead of sanctions
Bloomberg – Iran’s rial dropped sharply and foreign-exchange traders shut shop as concerns grew that authorities may be powerless to defend the…
Why Iran must legislate away rampant corruption
Al-Monitor | Esfandyar Batmanghelidj: Whether it is the lavish spending of well-connected elites or the nepotism evident in state institutions, there seems…
$1.5 billion traded in Iran’s secondary forex market
Financial Tribune – Figures show that Nima, the online foreign exchange system set up by the Central Bank of Iran at the…
Iran yanks favored exchange rate from students abroad
Al-Monitor | Saeid Jafari: Thousands of Iranian students studying abroad are feeling the pain of new foreign exchange policies announced by the…
Hearing session of trial for people accused of misusing Forex market begins
IRNA – The hearing session of trial for 13 people charged with importing mobile phones with official exchange rate but selling them…
As economic anxieties deepen, this clinic helps Iranians manage debilitating stress
Bourse and Bazaar | Maziar Motamedi: Whether facing a deadly eight-year war or seemingly unending economic crises, Iranians have been exposed to…
Will Iran’s hard currency market return to normalcy?
Al-Monitor | Bijan Khajehpour: After months of volatility and devaluation of the national currency, the Central Bank of Iran (CBI) introduced a…
Forex trade rises in Tehran on back of revised policies
Financial Tribune – Latest figures from transactions conducted in the Central Bank of Iran’s online system for foreign currency deals as well…
Trial of economic disruptors, corrupts to be held on Sun.
MNA – A major court session to address the recent disruptions in Iranian markets of gold and currency will be held on…
Iran puts economic corruption defendants on public trial
Tasnim – The first public court trial of individuals involved in major economic corruption cases in Iran was held on Saturday, with…
Central Bank of Iran outlines top priorities
Financial Tribune – The governor of the Central Bank of Iran, who took the reins of the policymaking body late last month,…
Rouhani to appear before Iranian parliament soon, says lawmaker
Middle East Monitor – An Iranian lawmaker said on Saturday that President Hassan Rouhani would appear before parliament on August 28 to…
Iranian Parliament to impeach minister of economy
MNA – In Sunday’s open session of the Parliament, the letter signed by 33 MPs requesting for impeachment of Minister of Economy…
Parliament supports government policies on currency
MNA – Parliament, and in specific the economy commission, back the new set of policies put forward by the Iranian government, said…
Iran prosecutor warns ministers: no one is immune in anti-corruption probe
Al-Monitor – With Iran facing more US sanctions and a battered currency, the judiciary is charging aggressively into an anti-corruption probe in…
Iran auto market sees price spikes again
Financial Tribune – US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again,…
CBI against market intervention
Financial Tribune – Central Bank of Iran’s Governor Abdolnasser Hemmati said the regulator’s policy under his watch continues to be non-intervention in…
Gold coin gains in Tehran market
Financial Tribune – The benchmark Bahar Azadi gold coin gained on Tuesday, as both gold and foreign currency markets await greater stability…
How Turkey’s lira crisis could impact Iran
Financial Tribune – Over the past week, the value of Turkish lira collapsed yet another time. At first glance, this seems like…
Fight against corruption seriously to continue: Iran prosecutor-general
MNA – Iran Prosecutor-General Mohammad Jaffar Montazeri has said that the judiciary will intensify tackling corruption, adding that if need be, top…
Former CBI governor must be held responsible for market rigging: MP
MNA – An Iranian MP said on Tuesday that the former CBI governor Valiollah Seif must be held liable for rigging in…
Mismanagement, not sanctions, main cause of Iranian currency devaluation: Leader
IFP – Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the…
The interest group economics wreaking havoc on Iran’s currency
Al-Monitor | Bijan Khajehpour: While the Iranian rial has appreciated in recent days, its drop in value of more than 50% since March…
Punishment of convicts of economic corruption must be carried out urgently and justly
Khamenei.ir – In response to a letter by Head of the Judiciary Branch, seeking permission to take especial measures in order to…
Forex drops to 8074t/1$ in secondary currency market
MNA – Iranian petrochemical plants, major suppliers of foreign currency in the country, sold their currency as low as 80740 rials/$1 in…
Ayatollah Khamenei urges govt to form taskforce to tackle banks, liquidity issues
Khamenei.ir – The Supreme Leader of the Islamic Revolution– Ayatollah Khamenei– urged the government of President Rouhani to form a taskforce to…