Banking
Real Robbers in Bank Melli
There was a time when we wrote “living in Iran is like being inside a video game”. Now it is rather like being in a Hollywood movie. As a kid, watching action robbery movies, my […]
Story of the Week
Story of the Week
Chaotic housing market in Iran: the result of a bad strategy
As a result of another wrong strategy, the housing market in Iran faces chaos once again. The tenants who have to look for a lower quality housing and the landlords who increases the rates too […]
Story of the Week
A quick overview to Iran’s Economy in the past 20 years
We are back with our bi-weekly Iran Economy Briefs and hope that you can enjoy reading it again. For the past year, we have faced a new level of exchange rate. Nearly 300,000 rials for […]
Story of the Week
40% increase in salaries and still not enough
We are back! I know, when we sent the last issue of Iran Economy in Brief in 2020, we promised to be back in January 2021. However, life got very tough (all of a sudden) […]
Banking
30% of Iranian Top Exporters Are Homeless, claims the Central Bank
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 […]
Food
Butterflies from Iranian tables like other products
We just watch as butterflies from Iranian tables toward the sky, like many other products: cheese, eggs, meat, rice, etc.* The method is now a classic: first there are rumors that the price of a […]
Industries
Why Tehran subway can be universally unique?
IEB: which city in the world has the cheapest subway system? A clever reader: Tehran! otherwise why should you have started an Iranian economic newsletter with this question?! IEB: Wrong! The correct answer is “Pyongyang”. […]
Story of the Week
How to continue fighting corruption!
One of the things we love to do in Iran, is fighting corruption. And we do it really good. Few years ago, to fight smuggling cell-phones and smartphones, the Government launched a plan according to […]
Story of the Week
How Persian Calendar makes Iranian babies potential philosophers?
Q: What is the most used chemical product these days we are using all around the world? A: Alcohol. Q: Who discovered the alcohol? A: Abū Bakr Muhammad ibn Zakariyyā al-Rāzī. Q: Where was he […]
Banking
Multiple exchange rates in Iran: an off-target strategy
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 […]