Tuesday , 17 May 2022

Economy

Iran Cleric Complains Financial Hardship Has Reduced Budget For Religious Schools

Radiofarda – A top hardliner cleric in Iran has expressed concern over the decline in the budget allocated to religious institutions, as U.S. sanctions have affected the government’s ability to fund ideological centers meant to strengthen the regime’s influence in society. Ayatollah Nasser Makarem Shirazi said on Thursday August 8 that many seminaries had to fire some of the “scholars” …

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Iran Leader Urges People To Have More Babies Amid Economic Crisis

Radiofarda – The Supreme Leader of the Islamic Republic, Ayatollah Ali Khamenei has once again urged Iranians to have more babies amid economic and social crisis. Calling on government officials to render support to families to increase the population of the country, Khamenei reiterated that increasing the number of children should become “a cultural norm” in Iranian society. The 80-year-old …

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Contract Teachers in Iran Protest and Demand Permanent Contracts

Radiozamaneh 0 Several Iranian teachers have gathered in protest in front of the Ministry of Education in Tehran and several other cities. Teacher’s Protest in front of the Ministry of Education. In Tehran, dozens of contractual teachers gathered in front of the Ministry of Education for the second day on Monday 5th of Aug, demanding permanent contracts. The spokesperson of the …

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Why attempts to reform budget structure might hit a dead end in Iran

Al-Monitor – Iran’s Planning and Budget Organization is seeking to reduce the government budget’s direct dependence on oil revenues. Budget deficits, foreign exchange reserve imbalances and extra liquidity were cited in a recent report by the organization as major factors damaging the Iranian economy over the years. The US maximum pressure campaign on Iran’s economy has drastically reduced the country’s foreign exchange earnings from …

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Iran’s government approves plan to drop four zeros from currency, revert to toman

PayvandNews – The Iranian government has approved to revalue its rial tenfold and revert to the currency’s old name, the toman, the Fars news agency reported on Wednesday. Source: Iranian daily Ghanoon “The council of ministers, at a meeting presided by President Hassan Rouhani this morning, approved the central bank’s proposed bill to change the national currency from the rial to …

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Hit By Sanctions And Rising Tensions, Iran’s Oil Exports Slide In July

Radiofarda – Iranian oil exports have dropped in July to as low as 100,000 barrels per day (bpd) due to sanctions and rising tension with the United States and Britain, according to an industry source and tanker data, deepening global supply losses. The United States reimposed sanctions on Iran in November after pulling out of a 2015 nuclear accord between …

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Volume Of Iran’s Unsold Stockpiled Oil Skyrockets – Report

Radiofarda – Based on information Radio Farda has obtained from a tanker tracking firm, the stockpile of unsold Iranian oil on tankers and ports has dramatically increased in July. Figures obtained from Kpler, which tracks oil shipments around the world, show Iran’s stockpiled oil on stationary tankers around the Persian Gulf region has reached 56 million barrels, nearly doubling from …

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Government In Iran Struggles To Provide Affordable Food Amid Shortages

Radiofarda – Iranian parliament held a session behind closed doors on Monday, July 29, to discuss the problem of providing essential goods, including food, as shortages and high prices affect many parts of the country. In the closed-door session attended by the Minister of Agricultural Jihad, the problems related to providing essential products, including rice, and wheat, as well as …

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Teachers Protest Low Pay, Hold Demos In Iran

Radiofarda – Hundreds of retired teachers in Iran held rallies on Sunday, July 28, in front of the Islamic Republic’s Majles (parliament) and offices of Plan and Budget Organization (PBO), to demand adjustment pays. The enraged pensioners chanted, “Teachers Die, But Will Never Accept Abjection!”, “We Will Not Step Back, Until Receiving Our Bonuses!” Earlier on Saturday, the teachers had …

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Rouhani Refuses To Submit Annual Report To Parliament Amid Economic Crisis

Radiofarda – Iran’s President Hassan Rouhani has voiced his opposition to having to respond to Parliament’s questions about his performance in a letter to Supreme Leader Ali Khamenei, Iran’s state TV reported on Sunday July 28. The Speaker of Iran’s Parliament (Majles) has quoted Rouhani as saying in the letter that presenting annual reports to the Majles by his administration …

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