The Central Bank of Iran is planning to launch the Integrated Forex Deals System (Persian acronym for Nima) by mid-August.
Exports Department Manager of Central Bank of Iran (CBI) Samad Karimi on Sunday put the country’s trade surplus at $12 billion, saying that Iranian economy can be administered without oil revenues appropriately.
The US-led sanctions, imposed to squeeze Iran’s oil-reliant economy by restricting oil revenues, has made the need for moving toward a non-oil economy for Iran ever-increasing.Iran's Oil Export
The CBI's planned Regulated Foreign Exchange Market will be formed by the end of the present Iranian month, Khordad, (June 21, 2019), Mohammadreza Pourebrahimi, the Chairman of Iran’s Parliament Economic Committee said on Monday.
- Iran-UAE Trade Is a Win-Win One
- Iran Trade With EAEU a Smart Action to Encounter Sanctions
- New Delhi Seeks Developing Cooperation With Tehran
- Oil steady as U.S. oil stockpiles drop
- US Not seeking peace in Afghanistan
- President Rouhani criticizes EU partners for lack of commitment
- Oman strategic partner of Iran: CBI Governor
- Behavior in lifting sanctions important
- Gold Price Prediction, Prices are Poised to Move as Volatility Contracts
- Backstage of World Economic Forum
- France Opposes U.S. Policy on Restricting Access to Medicine
- Global economy to grow 5.5 per cent in 2021 after 3.5 per cent contraction in 2020, IMF forecasts
- Tehran-Stockholm Cooperation Concentrated on Capital Goods
- Iran, Russia sign agreement on cybersecurity
- Fajr film festival to pay tribute to Parviz Purhosseini, Changiz Jalilvand
The crisis has created many obstacles to growth, but also some opportunities.