Economy

RFL/RE – The United States is pushing countries to halt Iranian oil imports from early November, a senior State Department official said on June 26, warning that Washington will not grant any sanction waivers. President Donald Trump on May 8 announced that the United States was leaving a landmark 2015 deal that Tehran signed with world powers to curb its …

Radiofarda – Protests against rising prices and chaos at foreign exchange rates continued in Tehran on June 26 for the third consecutive day. Protests have also spread to markets in several other Iranian cities, local media reported.

Radiofarada – Yesterday’s protest or the high value of the dollar are continuing today. There are protests in the surrounding areas to the Grand Bazaar. According to the the DPA news agency Tehran’s chief prosecutor Abbas Jafari Dolatabadi said that “A large number” of people who took part in a mass protest in Tehran’s Grand Bazaar this week have been …

RFL/RE – President Hassan Rohani has reassured Iranians that his government will offset the economic pressure of upcoming U.S. sanctions, a day after protests fueled by concern over a sharp fall in the value of the country’s currency. In a speech broadcast live on state television on June 26, Rohani said that government revenues had not decreased in recent months, …

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 …

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 …

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 …

Radiofarda – Police in Tehran have fired tear-gas at a crowd of protesters who marched to the Iranian parliament on June 25 after swarming the city’s historic Grand Bazaar in anger over the country’s troubled economy. 

Radiofarda – Store owners at Tehran’s Grand Bazaar closed their shops Monday morning, June 25, in protest to the dramatic rise in the rate of exchange of foreign currencies that have adversely affected the market and made prices unaffordable for buyers.

Al-Arabia – Videos have surfaced across social media showing hundreds of protesters in Iran’s Tehran Bazaar on Monday, chanting slogans condemning the government’s failed economic policies.