Economy

Radiofarda – France’s foreign ministry said on Thursday a so-called Special Purpose Vehicle (SPV) that the European Union is considering creating to enable trade with Iran could be used more broadly to help the bloc avoid the extraterritorial reach of U.S. law.

Al-Arabia – What is the FATF and why are we hearing such conflicting remarks from inside the Iranian regime in this regard?

Radiofarda – Iran’s Supreme Leader Ayatollah Ali Khamenei has elaborated on his disappointment with Europe during an October 17 meeting with a group his website has described as Iran’s “academic elites and prominent scholars.”

Radiofarda – Thousands of Iranian retirees assembled outside the Planning and Budget Organization (PBO) on Tuesday, October 16 in Tehran to protest minimal pensions.

Iran-HRM – With over 150,000 million barrels of proven oil reserves, Iran owns the third or fourth largest oil reserve (based on different types of estimation) among oil-producing countries. Only second to Russia, Iran has also one the largest gas reserves in the world.

Al-Monitor – In a closed three-hour meeting with 40 Iranian economists on Oct. 15, President Hassan Rouhani insisted that the country’s economy is not in crisis, but acknowledged that it’s not in “normal conditions” either. “Despite the hardships, this period shall pass,” Rouhani said, praising his government’s “precise planning,” which he asserted will counter “US policies in the long run.” 

Radiofarda – Iran has lost some customers for its oil because of looming U.S. sanctions, but high prices are making up for the lost sales, Iranian Vice President Eshaq Jahangiri has said.

Radiofarda – At an outreach center in southern Tehran, teenagers are learning to be journalists, while upstairs their mothers are fine-tuning their sewing skills and rushing to fill an order for hospital uniforms.

Radiofarda – One of the hypotheses about the reasons behind the unusual rise in the rate of exchange for the US dollar and other hard currencies in Iran is that the government itself has devalued its own currency rial, as a way of funding its day to day expenses such as paying public sector salaries.

Radiofarda – While the impact of U.S. sanctions on Iran is deepening week by week, the Islamic Republic’s official news agency, IRNA, says, the number of Iranians travelling abroad in the past six months has dropped by 13%, compared with the same period, last year.