Economy

Al-Monitor – The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the fate of the landmark nuclear deal.

PayvandNews – Iran says it is preparing to launch its own digital currency in a move that many believe can help reduce the country’s vulnerability to the impacts of US-led sanctions. Iran’s Minister of Information and Communications Technology Mohammad Azari Jahromi was quoted by the domestic media as saying that a plan was already on agenda to develop a platform …

PayvandNews – US authorities say they are turning their focus to Asia to strangle financial transactions with Iran after closing off money flows through European banks. The shift underscores the current US administration’s disdain for a landmark nuclear deal which should have paved the way for Iran’s reconnection to the international banking system. Bloomberg ✔ @business Iran has found a …

Al-Monitor – A major and unexpected devaluation of the rial on the free currency market has taken many in Iran by surprise. Analysis of the behavior patterns in the Iranian foreign exchange market suggests that six main parameters need to be assessed to understand what has contributed to recent events. First is the application of the inflation differential between Iran …

Iran-HRM – Social injustice, cause of pervasive unemployment in Iran introduction The United Nations General Assembly has decided to observe 20 February annually, as the World Day of Social Justice to promote efforts to tackle issues such as poverty, exclusion and unemployment. In Iran, however, employment opportunities have been eliminated due to regime’s destructive economic policies. Sitting on an ocean …

VOA – India and Iran sealed nine agreements during a visit by the Iranian President to New Delhi including a key accord that leases operational control of part of the Iranian port of Chabahar to New Delhi for 18 months.

PayvandNews – Iran’s central bank announced measures to combat the rial’s fall to record lows one day after police cracked down on foreign exchange dealers on the streets of Tehran. The central bank’s announcement on February 15 that it will allow an increase in the interest rates paid on bank deposits came after the Iranian currency plummeted to a record …

PayvandNews – Diplomats in New Delhi say Iran’s President Hassan Rouhani will try to encourage Indian businesses to invest “billions of dollars” in the Islamic Republic during his three-day visit which will start on Thursday. Top on the agenda of Rouhani’s visit would be the completion of Iran’s Chabahar port by India as well as discussions over a potential deal …

Al-Monitor -After two months of fluctuations in the foreign exchange market, with the US dollar rate breaking all records in Iran, the police have stepped in to prevent the further devaluation of the rial on the open market. Over the past six months or so, the dollar has jumped from 39,000 rials to around 49,000 rials. According to Tasnim News …

PayvandNews – French automaker Renault is going to expand activities in Iran, boosting its total investments in the country to 800 million Euros, IRNA reported quoting the company’s director for MENA region. Speaking at the 5th edition of Iran’s Automotive Industry International Conference in Tehran on Tuesday, Pascal Felten noted that with the new round of cooperation between Iran and …