The Central Bank of Iran (CBI) said that net foreign assets held by the bank and Iranian non-banking financial institutions have surged by over a quarter over the year ending March 19.
Iran's Supreme Economic Coordination Council allowed unlimited foreign exchange inflows into the country and exempted gold imports from paying tolls and value-added tax.
Majlis yesterday passed a bill allowing the government to slash four zeros from the rial, after a sharp fall in the value of the currency.
TEHRAN (Iran News) – President Recep Tayyip Erdogan called on Turks to convert their foreign currency to Turkish lira, asking them to “leave the dollar”. “Leave the dollar and the rest. Let’s convert to our money, the Turkish lira. The Turkish lira doesn’t lose value anymore. Let’s show our patriotism like this,” Erdogan said, World […]
In its latest report titled ‘challenges of and solutions for economic prosperity in year 1398’, Iran's Islamic Parliament Research Center underscores the vitality of making new mutual or multilateral monetary contracts with international trade partners for Iran to skirt SWIFT, which operates under full supervision of the US.
Deputy Foreign Minister for Economic Affairs Gholamreza Ansari put country’s current exports value to eastern neighboring countries at over $5 to $6 billion.
The Ministry of Culture and Tourism of Turkey announced on Friday that the number of Iranian tourists visiting the country has dropped by 18.17 percent in January – November 2018, compared to same period last year. In January-November 2018, 1.894 million Iranian tourists visited Turkey, which is 18.17 percent less than in the same period […]