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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
“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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