Week in Brief

Week in Brief 15.06.2018

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 […]

Industries

Only 2% of smuggled goods are discovered

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 […]

Agriculture

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 […]

Industries

The import of tires must continue

The Director of the Association of Tire Importers, Mohammad Mirabedini has said that while there is an annual demand for 400 thousand tons of tires, only 250 thousand tons are domestically manufactured. Mr. Mirabedini told […]

National News Review

Iran improves its ranking at OECD

The Organization for Economic Co-operation and Development (OECD) has upgraded Iran from high-risk to moderate-risk for trade. Taadol newspaper writes that this upgrade can entail an increased ceiling in financing and reduced fees for insurance […]

Week in Brief

Iran Economy in Brief – No.95

Import of rice: banned until the next announcement Minister of Agriculture, Mahmoud Hojjati, explains the reason for the ban on rice imports: the increased import of rice in the first four months of this year […]

Week in Brief

Iran Economy in Brief – No. 84

A new credit line for Iran: $10b During the last week’s visit of the Governor of the Central Bank of Iran to China, an agreement was signed to extend a 10-billion-dollar credit line between five […]

Week in Brief

Iran Economy in Brief – No. 59

Norouz calls for sweets: Egg price rises Every March, approaching the Iranian New Year, Norouz, the increase in demand for eggs by confectionaries causes an increase in the price of eggs across the country. This […]