News Categories

Forex at 20-Month High in Tehran Market

14 June 2020 - 00:31
Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in Tehran’s open market.

Nearly $420m of facilities allocated to production units in 2 months

13 June 2020 - 23:43
Iranian Industry, Mining, and Trade Ministry announced that a total of 17.6 trillion rials (about $419.04 million) of facilities have been allocated to support 465 production units in the first two months of the current Iranian calendar year (March 20-May 20).

Annual non-oil GDP growth at -0.6%: SCI

13 June 2020 - 23:36
Iran's gross domestic product (GDP) excluding the oil fell 0.6 percent in the previous Iranian calendar year 1398 (ended on March 19), according to Statistical Center of Iran (SCI).

Iranian economy to get back on track in 2021: WB

10 June 2020 - 01:40
The World Bank has predicted that Iran’s gross domestic product (GDP) will increase by 2.1 percent in 2021 after experiencing a 5.3 percent fall in the current year due to the negative impacts of the coronavirus outbreak.

US economic recovery expected to take 2 years

31 May 2020 - 04:23
US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said today.

Over $238b required to realize economic growth

31 May 2020 - 04:01
Iranian Finance and Economic Affairs Minister Farhad Dejpasand said 10 quadrillion rials (over $238 billion) is needed to reach a desirable economic growth, IRNA reported.

TPO launches integrated system for processing NDF loan requests

31 May 2020 - 03:53
Head of Trade Promotion Organization (TPO) of Iran announced the launching of an integrated system for processing the requests for loans (in local currency rial) submitted to the National Development Fund (NDF).

Over $3b allocated to supply basic goods in 2 months

29 May 2020 - 23:47
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said the bank has managed to supply over $3 billion foreign currency for importing basic goods in the first two months of the current Iranian calendar year (March 20-April 19).

CBI targets annual inflation rate of 22%

28 May 2020 - 03:16
Central Bank of Iran (CBI) in a statement on Tuesday announced that the annual inflation rate for the current Iranian calendar year (ends on March 20, 2021) is set to be 22 percent.

Non-oil exports booming as pandemic subsides

21 May 2020 - 02:28
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said the country’s non-oil exports are improving following a downtrend of the coronavirus cases in the country, IRNA reported.
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