Friday , 20 May 2022

Economy

Pompeo Calls On Iran To ‘Immediately’ Ratify Anti-Terror Financing Bills

Radiofarda – U.S. Secretary of State Mike Pompeo says that if Iran were serious about fighting money laundering and terrorism financing, it would have approved laws to make the country in par with international standards. The international watchdog Financial Action Task Force (FATF) based in Paris in 2017 demanded Iran reform its legal system and banking practices by following international …

Read More »

Thirty Percent Of Iranian Youth Neither Study Nor Work

Radiofarda -Thirty percent of Iranian youth between the ages of 15-24 neither work nor study, according to figures published by the Labor Ministry and quoted by ILNA news website. The figures are based on an international statistical model called NEET, an acronym for “Not in Education, Employment, or Training”. NEET is commonly employed as a socio-economic measurement in many developed …

Read More »

More Than Half Of Iran’s Hard-Currency Export Earnings Remain Abroad

Radiofarda – As Iran suffers from a sharp decline in exports, the minister of economy and finance has said less than half of the hard currencies earned from exports return to the country. Since the United States imposed crippling sanctions on Iran’s economy last year, bringing oil exports to a halt, the country began to feel a huge foreign currency …

Read More »

Sanctions have led to Iran’s oil industry falling behind: Minister

Al-Arabia – Sanctions have led to Iran’s oil industry falling behind but Iran will resist, Iranian Oil Minister Bijan Zanganeh said on Tuesday, according to the semi-official Mehr news agency. “The conditions in Iran are in a way that once every few years the oil industry receives a deadly blow and the economic sanctions can be considered one of those,” …

Read More »

Iran’s Trade With Turkey Takes A Big Downturn

Radiofarda – Iran’s total exports to Turkey, including oil and gas in the first eight months of 2019 has amounted to nearly $2.9 billion, which shows a 43% decline compared with the previous year, Turkish official statistics show. The reason behind the significant drop is the substantial decrease in Iranian oil exports to its western neighbor. The Turkish Statistical Institute …

Read More »

Ships with one mln tons of grain stuck outside Iran’s ports in payment crisis

Al-Arabia – More than 20 ships carrying around one million tons of grain are stuck outside Iranian ports as US sanctions create payment problems and hamper the country’s efforts to import vital commodities, sources directly involved in the trade said. Trading companies such as Bunge and China’s COFCO International have been hit by payment delays and additional costs of up …

Read More »

Iran’s Annual Inflation Nears 43 Percent, Goes Above IMF Forecast

Radiofarda – The Iranian Statistical Center has announced a on September 24 that the rate of inflation in Iran has reached 42.7 percent during the 12 months ending on August 23. This is nearly 3 percent higher than an IMF forecast in April. The year on year inflation has been 41.9 percent for urban families and 47.4 percent for rural families, …

Read More »

Iran Says Dollar Eliminated From Trade With Russia, Turkey

Radiofarda – Iran’s central bank chief has said all trade with Russia takes place in national currencies and 30-40 percent of trade with Turkey also is in national currencies, with the rest in euros. U.S sanctions imposed in 2018 bar trade with in using the dollar system, limiting Iran’s ability to conduct imports and exports, slowing its economy further on …

Read More »

Sanctions-Hit Iran Props Up Economy With Bartering, Secret Deals

Reuters – Washington’s policy of applying “maximum pressure” on Iran with wide-ranging sanctions has shredded the country’s oil revenues, sent its economy into recession and devalued its national currency. By Parisa Hafezi Yet Iran remains defiant in the face of U.S. efforts to compel it to accept tougher restrictions on its nuclear program and scale back support for proxy wars …

Read More »

Four Khamenei-Linked Institutions Own 60% Of Iran’s National Assets, Says Politician

Radiofarda – In unprecedented remarks by a regime insider, reformist activist and veteran politician Behzad Nabavi has said four financial institutions linked to Supreme Leader Ali Khamenei control 60 percent of Iran’s national wealth. He has also expressed concern over the presence of “spies at the highest levels of the Islamic Republic,” a remark unlikely to come from anyone linked …

Read More »
0