Economy

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 …

PayvandNews – Iran’s top banker says the country’s economic growth was robust in the fiscal year which is coming to a close soon but further improvement will depend on the non-oil performance of the economy. ran’s growth last year came courtesy of the recovery in oil production following the lifting of US-led sanctions, which boosted the government’s earnings. Oil production …

RFL/RE – A senior adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei has said that figures the Rouhani administration has released about economic growth and employment do not reflect the truth.

RFL/RE – “Resistance economy” has re-emerged in Iranian official rhetoric following the wave of unrest that swept the country in late December 2017 and early January this year.

PayvandNews – Co-hosted by Central Bank of Iran (CBI), the second round of Euromoney Iran Conference will kick off in the France’s capital on Thursday, IRNA reported. Heading a delegation comprised of CBI and Finance Ministry’s scholars and experts, Iranian Deputy Finance Minister Mohammad Khazaie will attend this year’s event. Euromoney Iran Conference 2018 The conference aims to bring together Iranian bankers …

RFL/RE -Fourteen United States senators, led by Marco Rubio (R-FL) and Todd Young (R-IN), both members of the Senate Foreign Relations Committee, are asking President Donald Trump to impose tough new sanctions on the Islamic Republic of Iran for its ballistic missile program.

RFL/RE – Trade between the U.S. and Iran declined significantly during first year of Donald Trump’s presidency.

Al-Monitor – In a speech commemorating the opening of cultural centers honoring the Iran-Iraq War, which Iran refers to as the “Sacred Defense,” President Hassan Rouhani rejected calls from the United States and Western European countries to rein in Iran’s defensive capabilities. “National strength is for peace,” Rouhani said. “We seek strength for deterrence. We have to be ready to …

Al-Monitor — Real interest rates in Iranian money markets have risen to all-time highs under the administration of President Hassan Rouhani. This is due to the sharp reduction in inflation, which the administration boastfully declares as its cornerstone achievement. Nonetheless, the rise in real interest rates has mostly occurred on the back of lackluster growth given macroeconomic fluctuations both at home …