Week in Brief 26.01.2018
One of the hottest topics of the week was the exchange rate for the US dollar which reached 47000 IRR on Monday. While exchange offices refused to buy and sell dollars, the Governor of the […]
One of the hottest topics of the week was the exchange rate for the US dollar which reached 47000 IRR on Monday. While exchange offices refused to buy and sell dollars, the Governor of the […]
Which foreign currency will replace US Dollar in Iranian reports? “Central Bank of Iran will change the currency used in the economic reports from US-Dollar to another foreign currency within the next two months”, announced […]
Valiollah Seif, Governor of the Central Bank of Iran, in an interview announced that within the next two months the base currency for the economic reports will change from the US-Dollar to another currency. The […]
If Iran is determined to get foreign investors in the country, it is essential to offer them a single currency exchange rate. It is more than five years that the economy is experiencing […]
There are two exchange rates used in Iran: official rate, 1 USD equal to 30,449 IRR, and market price, 1 USD to 34710 IRR, making the current gap to be 13.9%, almost 3 percentage-points less […]
Banks Must Do Banking Financing remains one of the biggest obstacles for Iranian businesses, particularly for SMEs. Low efficiency in financing system causes the cost of credit provided from banks to be much higher […]
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