Subsidiaries to control food prices
The Government to pay 4000 IRR in subsidiaries per each dollar spent to import essential goods. Iran writes, prior to the unification of the currency rate, essential goods such as corn, barley, soy and press […]
The Government to pay 4000 IRR in subsidiaries per each dollar spent to import essential goods. Iran writes, prior to the unification of the currency rate, essential goods such as corn, barley, soy and press […]
Members of the Electricity Syndicate have warned the Ministry of Power that recent currency fluctuations will lead to 100 power plant projects shutting down which can lead to outages. Shargh writes, an industry which used […]
A week ago, the government set a unified market rate for the US dollar, after decades, which could be seen as a positive development. However, the rate at 42 thousand IRR per USD seems unrealistic […]
The government is struggling to control the exchange rate. At the start of the week, and before the unification of exchange rates, the Mercantile Exchange announced that the price of base metals, gold and copper […]
As soon as the new year holidays were over, devaluation of Rial was resumed. The exchange rate for one USD at market price reached 62000 IRR, making the gap between the unofficial and official exchange […]
Iran writes of plans to connect Iran’s Shetab banking network to Turkish and Russian banking systems. Mostafa Beheshtiruy, Member of the Board of Directors at Pasargad Bank has said that the project is already underway […]
Donya-e-Eghtesad reports the 50% decrease of foreign travels during the Nowrooz Holidays. The article writes that trips to Istanbul and Tbilisi have had 45% and 40% increases in price. A six-night-stay tour to Istanbul for […]
Iran quotes the Chief of the Taxation Organization, Seyed Kamel Taghavinejad and writes that currently documents for the purchase and sales of currency over 5000 dollars should be sent to this organization. The law states […]
Tehran to Yasuj flight operated by Aseman Airline was lost 50 minutes after takeoff on Saturday morning. Shortly after, Iran Airports Company confirmed that the aircraft, an ATR 72, a twin engine turboprop, had crashed on […]
Devaluation of Iranian Rial and the fluctuations in Forex market have become the daily, even hourly, topic. On Tuesday, the Police stopped some foreign currencies’ speculators. The Central Bank of Iran said that every evening […]
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