Official In Iran Says Sanctions ‘Have Broken Economy’s Back’
Radiofarda - A provincial official in Iran has said that ignoring the impact of sanctions on the country’s economy is…
Economy
Iranian Currency Takes Big Hit, Falling To New Record Low
Radiofarda - Iran’s currency took another big hit on Monday, falling to 230,000 rials against the U.S. dollar despite official…
Iran’s National Oil Company Inks Deal With Outfit Controlled By Khamenei
Radiofarda - An agreement between the National Iranian Oil Company (NIOC) and an organization controlled by Iran’s Supreme Leader was…
Rouhani: Despite Rise in Iran’s COVID-19 Cases, Economy Must Stay Open
VOA - Iran’s economy must stay open despite a rise in the number of coronavirus infections, President Hassan Rouhani said…
Radiofarda: Iran’s IRGC Trying Illegally To Take Ownership Of Major Steel Producer
Radiofarda 0 Radio Farda has obtained a confidential letter that shows Iran’s IRGC, which holds 49 percent of Khuzestan Steel…
Iran will develop oil industry despite US sanctions: Minister
Al-Arabia - Iran is determined to develop its oil industry in spite of US sanctions imposed on the country, Iranian Oil…
Iran cuts oil production and storage is nearly full amid pandemic, US sanctions
Al-Monitor - Iran has a glut of unused oil as it cuts production amid the COVID-19 pandemic and US sanctions.…
Currency crisis impoverishes Iranians, strains economic defenses
Reuters - Desperate to afford her daughter’s overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings…
Iran’s Judiciary Says Many Licensed Exporters Were ‘Fake Entities’
Radiofarda - Judicial Deputy of Tehran Prosecutor on Monday said many of the exporters flagged by the Central Bank of…
Iran To Force Exporters To Repatriate Their Hard Currency Earnings Amid Devaluation
Radiofarda - Iran's Central Bank Governor Abdolnaser Hemmati on Sunday said exporters who have not transferred their foreign currency earnings…