Friday , 29 March 2024

Economy

Will Iran’s economy collapse?

Al-Monitor – Turbulent developments in the past few months on the foreign exchange and gold markets in Iran and the government’s failure to manage runaway prices has compelled some economists to start using the term “bubble economy.” The interrelationship among various markets within the country’s economy was explained in a June 14 Al-Monitor piece. In this article, however, we will …

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Rouhani under fire amid second day of protests in Iran

AL-Monitor – As the unofficial exchange rate in Iran hit a record 90,000 rials to the dollar June 24, a second day of protests erupted in Iran. On June 24, shopkeepers selling cellphones and computer equipment at two main malls in Iran went on strike over the sudden increase in the unofficial rate — until recently, the black-market, unofficial exchange …

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Iran to create 2nd currency market to ease dollar fever

Payvandnews – The Central Bank of Iran (CBI) says it plans to create what it has described as a secondary currency market to help ease tensions that plunged the rial against the US dollar to a record low level on Sunday. CBI chief Valiollah Seif told reporters on Monday that the secondary currency market would be dedicated to selling US …

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Iran’s calendar in dire need of reform

Al-Monitor – Last month, Iran’s education minister said he intends to create a two-week “winter holiday”before the new Iranian school year starts this fall. In exchange, students will start their academic year two weeks earlier. The goal is to create a new holiday period that could boost local tourism at a time of year when business is usually slow.

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