The goods and services Consumer Price Index for urban areas for the Iranian month Mehr, ending Oct. 22, increased by 36.9% compared with the similar month of last year.
According to the Central Bank of Iran's latest report, the overall CPI (using the Iranian year to March 2017 as the base year) stood at 148.4 in Mehr, indicating a 4.6% increase compared with the previous month.
The average CPI in the 12 months ending Oct. 22 increased by 15.9% compared with last year’s corresponding period.
Deputy secretary of the US Treasury, Sigal Mandelker, announced that SWIFT had cut-off Iranian financial institutions targeted by the US sanctions, Sputnik reported.
Iran and South Korea reached an agreement to use South Korean national currency (won) in bilateral trade to bypass the US sanctions.
Governor of the Central Bank of Iran Abdonnaser Hemmati explained about the CBI’s measures to counter the new round of US sanctions imposed on the Islamic Republic.
The governor of the Central Bank of Iran (CBI) described a European Union plan to set up a way to preserve business with Iran and avoid renewed American sanctions as a kind of monetary pact and said it will be finalized in the near future
According to economic indicators of the Central Bank of Iran (CBI), the country’s liquidity growth rate in the first three months of the current Iranian year (March 21-June 21) stood at 3.4 percent.
The International Monetary Fund, in its latest World Economic Outlook, predicts Iran's economy will contract this year and in the following year as a result of the reimposition of US sanctions against the Islamic Republic.