Sunday , 28 November 2021

Economy

Iran Might Be Thinking To Sell ‘Oil Bonds’ To People To Raise Cash

Radiofarda – Iranian President Hassan Rouhani’s promise last week to announce an “economic breakthrough” soon gave way to speculations that Iran was ready to approve anti-money-laundering laws mandated by the international community. But now another idea has been floated: Selling oil bonds to people to pocket their savings in hard currencies with a promise to pay them back later with a profit. …

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Iran’s Rial Regaining Value As Central Bank Injects $2.5 Billion Into Market

Radiofarda – Iran’s national currency regained 10 percent of its value on Monday after the Central Bank of Iran (CBI) injected $2.5 billion into the market in recent days. On Friday the CBI Governor Abdolnaser Hemmati said that $2.5 billion in export revenues had been re-injected into the NIMA system [Persian acronym for Consolidated System of Forex Transactions] over the …

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Why Iran could be approaching hyperinflation in coming years

Al-Monitor – The asset markets in Iran have been witnessing sharp surging spikes in prices in the recent weeks and months on the back of astonishingly rising money supply. The Tehran Stock Exchange Index, with a return of more than 147%, was the best performing market, followed by the gold, foreign exchange and housing markets with a return of 30.5%, 24.8% and 19.1% respectively in …

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Rouhani’s ‘Good News’ May Refer To Finalization Of FATF Laws

Radiofarda – Two members of Iran’s Chamber of Commerce have said that the “good news” Rouhani on Wednesday said should be expected “if approved” by Supreme Leader Ali Khamenei is a hint at the possible approval of the bills that allow Iran to join the Financial Action Task Force (FATF). “There are rumors that the economic breakthrough that the President …

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Iran: China’s Newest Colony?

gatestoneinstitute.org – The deal is a clear win for China; the $400 billion will be invested over 25 years, which is a small amount of money for the second-largest economy in the world. China will also have full authority over Iran’s islands, gain access to Iran’s oil at a highly discounted rate and increase its influence and presence in almost …

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Iran’s Oil Exports In July Drop To Around 100,000 BPD

Radiofarda – The latest data provided to Radio Farda by Kepler, an international data intelligence firm to Radio Farda, show that Iran’s crude oil exports in July reached 101,000 barrels per day. Before the United States imposed sanctions in 2018, Iran used to export 2.5 million barrels per day. Reuters has also reported that Iran’s oil production dropped to 1.9 …

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Chinese, Russian Banks Refuse Transactions With Iran

Radiofarda – A member of Iran’s Chamber of Commerce has said that China’s Kunlun Bank is refusing to deal with Iran, as warnings from the international watchdog, the Financial Action Task Force (FATF) regarding banking ties with the Islamic Republic have become tougher this year. Ali Shariati told local news website ILNA August 5 that for Iran the toughest challenge …

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Iranians voice dismay after Iran opens supermarket in Venezuela

Al-Arabia – The opening of an Iranian supermarket in Venezuela has drawn criticism from Iranians online who say Tehran should prioritize providing for its people at home, according to reactions on social media. https://vid.alarabiya.net/2020/08/01/iranvenez4dea405e/iranvenez4dea405e___iranvenez4dea405e_video.mp4 An Iranian supermarket named Megasis opened its doors to Venezuelans in the capital Caracas on Wednesday. For all the latest headlines follow our Google News channel …

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