Economy

Al-Monitor – Inflation is quickly rising in Iran on the back of a continuous and uncontrollable growth of liquidity. Two basic factors explain the ongoing slump in the economy. One is the ineffectiveness of the government’s fiscal policies. The other is the monetary objectives of the Central Bank of Iran (CBI); these are frequently dictated by governments, including that of President Hassan Rouhani. As a …

Radiofarda – The average house price in Tehran has had a 74 percent jump during just one year since September 2017, the Central Bank of Iran announced.

Radiofarda – China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Iranian oil from November, said people with knowledge of the matter.

Radiofarda – President Donald Trump told the UN Security Council on Wednesday that there would be consequences on those who fail to comply with U.S. sanctions on Iran in an apparent message to European efforts to save the 2015 nuclear accord.

Radiofarda – The Iranian currency, rial, took yet another plunge Tuesday morning September 25, and the rate of exchange for the US dollar in Tehran rose to over 160,000 rials , in an apparent reaction to the lack of a prospect for rapprochement between Iran and the United States, and as EU’s effort to save the nuclear deal with Tehran …

VOA – Iran’s currency has hit another record low against the dollar, six weeks before the United States is due to reimpose sanctions on Iranian oil exports that are Tehran’s main revenue source.

VOA – The five remaining parties to the Iran nuclear deal have agreed to establish a special payment system to allow companies to continue doing business with the regime, bypassing new sanctions imposed by the United States.

Radiofarda – Iranian national currency’s downfall has once again gained momentum, while prices of gold and gold coins has also dramatically soared.

RFL/RE – Oil prices jumped more than 2 percent, hitting a four-year high, after the Organization of Petroleum Exporting Countries (OPEC) and other global producers declined to announce an immediate increase in production.

Radiofarda – After 29% annual growth in 2017, net oil export revenues of OPEC members are expected to rise again by 30% to $736 billion in 2018, the US Energy Information Administration (EIA) estimated.