Friday , 20 May 2022

Economy

Two-Thirds Of Appliances And Home Electronics Sold In Iran ‘Smuggled Goods’, Official Says

Radiofarda – The spokesman of Iran’s Anti-Smuggling Task Force, Hamid-Reza Dehghaninia, on Thursday said according to the estimates of several state bodies and the Parliament two-thirds of the home appliances and electronics sold in Iran last year were smuggled goods. Dehghaninia said the value of home appliances and home electronics sold in the country during the said period (March 21 …

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U.S. Slaps Sanctions On Four Energy Firms For Aiding Iran’s Quds Force

RFL/RE – The United States has imposed economic sanctions on four energy firms that it accuses of helping to move oil exports for the Quds Force of Iran’s elite Islamic Revolutionary Guards Corps (IRGC). The sanctions announced on January 23 come three weeks after U.S. forces killed the commander of the Quds Force, Major General Qasem Soleimani, in a targeted …

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Iran FATF-Related Legislation Rejected By Expediency Council

Radiofarda – A member of Iran’s Expediency Council on Wednesday said the Council’s deadline for endorsing the CFT (Combating the Financing of Terrorism) bill has ended and the bill should be considered as rejected. The endorsement and finalization of the bill would allow Iran to join the UN conventions against money laundering and funding terrorism. The Financial Action Task Force …

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Iran’s Annual Inflation Remains Alarmingly High At 39 Percent

Radiofarda – Iran’s annual inflation rate has reached 38.6 percent in the last 12 months compared with the previous 12-month period, the Statistical Center of Iran (SCI) announced on Tuesday, January 21. The figure shows a 1.4 percent decline compared with a month earlier when annual inflation stood at 40 percent. However, the drop does not mean prices for goods …

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Businesses Controlled By Khamenei To Be Listed On Iran’s Stock Exchange

Radiofarda – A high-ranking official of the Supreme Leader’s Office announced January 21 that conglomerates controlled by military and religious entities under Supreme Leader Ali Khamenei’s direct supervision are taking steps to be listed on Tehran’s stock exchange. Mohammad-Javad Iravani who is the Deputy of Supervision and Auditing of Leader’s Office was referring to what is believed to be the …

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Food Price Inflation In Iran At 30 Percent According To Latest Report

Radiofarda – The latest report on inflation by Iran Statistical Center (ISC) says foodstuff prices have climbed 30 percent compared with last year, in an unrelenting trend of rising inflation and prices in the sanctions-hit country. ISC is the only entity issuing sporadic economic reports in Iran since March 2019, when the Central Bank and other government offices stopped issuing …

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Mnuchin Says US Expects U.N. Sanctions On Iran To ‘Snap Back Into Place’

Radiofarda – Treasury Secretary Steven Mnuchin said Wednesday the United States believes international sanctions on Iran will be swiftly reimposed now that France, Britain and Germany have formally triggered a mechanism to help enforce Iran’s nuclear agreement. European Union Foreign Policy Chief Josep Borrell on Tuesday announced that Germany, France and the UK have launched action under the Iran nuclear …

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US Imposes New Sanctions on Iran

VOA – The U.S. placed more sanctions on Iran Friday in response to its missile attack on U.S. military troops in Iraq last week, and it threatened further action to weaken Iran’s economy if Tehran continues to carry out what it considers terrorist actions. Treasury Secretary Steve Mnuchin said at a White House news conference the new sanctions target Iran’s …

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Khamenei Orders Additional 200m Euros To Qods Force In Next Two Months

Radiofarda – Iran’s parliament speaker told lawmakers on January 7 that Supreme Leader Ali Khamenei last night authorized the allocation of 200 million euros of additional budget to the Qods Force in the next two months, to counter U.S. threats. Ali Larijani made the remarks before a triple-urgency bill called “Counter-Measures Against U.S.” was put to vote. Iran’s Revolutionary Guards …

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Iran Stocks, Currency Plunge In Reaction To US Killing Of Commander

Radiofarda – The main index of Tehran Stock Exchange (TSE) plunged by more than 3% within five minutes from the opening of trade on Saturday, the first working day of the week in Iran, while the Iranian rial lost more of its value against the dollar and crude oil prices went up in international markets. The drop is in reaction …

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