Financial Sector

Hotels asking foreigners to pay in USD or Euro

Recently Iranian hotels apply a two-currency policy for their bookings; i.e. the Iranian travelers pay in rial, while the foreigners are asked to pay in dollar or euro. Hotel owners claim that following fluctuations in […]

Financial Sector

Pension Fund of Iran forecasts salary increase

Pension Fund of Iran forecasts an increase of 120 million rials increase in annual salary of pensioners for the next Iranian year, 1398. To reach this point, the Fund has asked the government to submit […]

Banking

The Minister of Economy was impeached

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

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 […]

Financial Sector

Devaluation of Lira may benefit Iran

The devaluation of the Turkish lira may benefit Iran. The Head of the Iran and Turkey Chamber of Commerce, Reza Kami believes that in order to give a definite answer, we need to wait for […]

Financial Sector

Incentives to make the stock market more attractive

The Minister of Economy presented solutions for making the stock market more attractive and attracting liquidity throughout the country. The latest reports from the Central Bank indicate that by March 2018, liquidity had grown by […]

Financial Sector

Indian Investments in Chabahar Port Will Continue

In order to persuade India to stop buying oil from Iran, the US has reached an agreement allowing India to invest in Iran’s Chabahar port project. At the same time, China has leased Pakistan’s Gwadar […]