Economy

thehill – With its economy reeling and its currency in free fall, Iran hired a new central banker in August to restore public confidence. President Hasan Rouhani appointed Abdolnaser Hemmati to replace Valiollah Seif as the governor of the Central Bank of Iran (CBI). Hemmati has a long history of laundering money and violating U.S. sanctions, just as Seif did. Neither the United States nor …

Al-Monitor – The devaluation of Iran’s currency has led to a number of conspiracy theories, one of which focuses on the premise that the government has intentionally devalued the rial in order to improve its own finances.

Al-Monitor  – Since January, Iran’s housing sector has been in a long-awaited boom phase after a five-year recession — the longest dip in recent memory. But now the sector is in danger of sliding back into negative ground due to the sudden and massive price hikes across the country spurred by the ongoing currency crisis.

Radiofarda – A new plan to tackle the effect of sanctions on low-income Iranians, includes issuing electronic vouchers to ten million underprivileged citizens.

dailystar – The ongoing protests in the Middle Eastern country were sparked as the once prosperous country’s economy started to tank last year.

Radiofarda – U.S. Secretary of State Mike Pompeo said in a September 16 tweet, “many countries are taking actions to leave Iran” as “a different set of rules” would apply to “anyone who wants to engage in economic activity with the regime in Iran”.

Radiofarda – Days after Ayatollah Ali Khamenei asked Russian President Vladimir Putin to cooperate with Tehran to “rein in” the United Sates, Iran’s OPEC Governor has accused Moscow and Riyadh of “embracing” Washington’s sanctions imposed on the Islamic Republic.

Radiofarda – Years of mismanagement, populist policies, corruption and sanctions have led to a huge government debt to banks in Iran.

Radiofarda – Germany, France and Britain are mulling setting up a new financial institution to allow EU trade with Iran to continue despite American sanctions renewed by US President Donald Trump, German media reported Friday.

Al-Arabia – Are world circumstances apt to jettison American dollar dominance? Since Donald Trump took over the presidency of the United States, opponents of Washington’s policies have been increasing. After Russia, Iran and North Korea were the main enemies, China and Turkey had also become at the top of the list of Washington’s trade war.