Following the continues drop in the USD exchange rate over the past days, prices at automotive market have also started to drop. Fluctuations at the foreign currency market have been very high over the pas […]
New foreign exchange rules have quite confused both exporters and importers in Iran. In order to keep the supply of foreign currencies in the country, the Central Bank of Iran has requested all exporters to […]
While several businesses are scared to penetrate the Iranian market due to return of the US sanctions, Mongolian pastures take courageous steps forward. Mongolia has nearly 30 million sheep, more than New Zealand, writes Reuters, […]
China keeps buying oil from Iran and will use the National Iranian Tanker Co (NITC) for nearly all their imports to be shipped, reports Reuters. China has recently cut its crude oil purchases from the […]
With the start of the first round of US sanctions against Iran, different countries announced their position regarding the sanctions. The Iraqi Prime Minister, Haider al-Abadi, had initially said that while he opposes sanctions on […]
Statistics show that automobile production and sales have fallen by 48 and 63% in the month of Tir (22nd June to 22nd July) compared to the same period, last year. This fall is expected to affect […]
The Central Bank and the Ministry of Industry have update the list of banned imports to Iran. The new list finds 1139 times. The new decision is based on the government policy of only issuing […]
After the fall in the value of the Iranian rial, IRR, in April 2018, the Government unified the currency exchange rate of the dollar, hoping to control the currency market. Importers were asked to place […]
In an interview with Ahmad Anaraki, Member of Parliament and Chairman of the Committee on the Investigation of the Process of Combating Smuggling, Ghanoon writes that less than 2% of goods smuggled into the country […]
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 […]
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