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30% of Iranian Top Exporters Are Homeless, claims the Central Bank

October 30, 2020 Dr. Mahya Karbalaii 0

Since the formation of the Silk Road, Persians established themselves as very talented merchants. If ancient Chinese and Indians struggled to sell their products, they were advised to give it to a Persian trader. “They […]

multi exchange rate in Iran
Banking

Multiple exchange rates in Iran: an off-target strategy

July 16, 2020 Dr. Mahya Karbalaii 0

In Iran we have plenty of certain things: Plenty of oil and gas: 9.5% of the world’s oil (which we currently cannot sell outside) and 17% of the global natural gas reserves. Producing over 350 […]

Banking

Digital Wallet for Foreign Tourists Visiting I

December 9, 2019 Dr. Mahya Karbalaii 0

Ministry of Cultural Heritage, Tourism and Handicrafts of Iran is launching a new program for foreign tourists visiting Iran to ease the exchanging money for them. According to this plan, foreign tourists can receive an […]

Banking

Smaller banks in Iran show better performance

November 15, 2018 Dr. Mahya Karbalaii 0

The recent financial reports of 18 banks in Iran, show that the performance of some small, private banks has been superior to the state-owned larger banks. Out of the 36 banks and financial institutions in […]

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Central Bank of Iran sets new regulations for foreign currency depositors

August 29, 2018 Dr. Mahya Karbalaii 0

New regulations are set for foreign currency investment at Iranian banks. Foreign currency depositors will receive their deposit and interest as foreign currency, Ebtekar quotes the Central Bank of Iran. Depositors can also invest sums […]

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The Minister of Economy was impeached

August 29, 2018 Dr. Mahya Karbalaii 0

Iran Minister of Economy was removed from office. On Sunday, Masoud Karbasian, the Minister of Economy was impeached in the parliament. After answering the questions, he failed to receive a vote of confidence and was […]

Banking

Germany urges an independent payment channel to Iran

August 23, 2018 Dr. Mahya Karbalaii 0

It is almost clear: without a proper international payment channel to Iran, the nuclear deal cannot be saved. The German Foreign Minister, Heiko Maas, urges creating such channel between Europe and Iran, independent of the […]

Banking

Week in Brief 06.07.2018

July 5, 2018 Dr. Mahya Karbalaii 0

The Central Bank of Iran has released a list of businesses which have received US dollars at the 42000 IRR per USD currency exchange rate. The list was published after numerous companies received foreign currency […]

Banking

Travelers can carry only 5000 euros

May 15, 2018 Dr. Mahya Karbalaii 0

This week, the Central Bank announced that travelers abroad can carry up to 5000 euros in cash out of the country and sums greater than 5000 euros must be declared at the airport or border. […]

Banking

Iran’s banking crisis has nothing to do with Trump

April 19, 2018 Dr. Mahya Karbalaii 0

“Solving the banking crisis is the priority for us now, our No. 1 problem, and we have to resolve it,” quotes Bloomberg Teymur Rahmani, professor of economics at the University of Tehran, in an article […]

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  • We are 5 years old!
  • 09.09.99 a very luxury birthdate
  • Tomatoes: the most political vegetables
  • 30% of Iranian Top Exporters Are Homeless, claims the Central Bank
  • IMF economic forecasts for 2021 sound surreal!

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