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Monthly Archives: November 2018

Asia’s Iran Oil Imports Plunge To 5-Year Low In Oct

Reuters – Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of U.S. sanctions on Tehran that took effect in early November, government and ship-tracking data showed. China, India, Japan and South Korea last month imported about 762,000 barrels per day (bpd) from …

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Why Iran’s currency repatriation rules threaten rising exports

Al-Monitor – When the administration of President Hassan Rouhani fixed the exchange rate of the Iranian rial against the US dollar back in April — an ultimately failed effort to curb the free fall of Iran’s national currency — it also revived a controversial mandatory currency repatriation policy. The initiative, which obligates exporters to bring home their hard currency revenues through …

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