Friday , 29 March 2024

Economy

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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Bear Market On The Tehran Stock Exchange

Radiofarda – Tehran’s stock exchange plunged on November 25 and 26 trading sessions in what could be the indirect result of U.S. sanctions, particularly on the country’s oil exports. It slightly recovered on Tuesday, but the outlook remains uncertain.

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