Friday , 28 January 2022

Economy

Price Of Onions In Iran Jump Fourfold In Matter Of Weeks

Radiofarda – The price of onions has increased fourfold in a matter of weeks in Iran, reaching to almost one U.S. dollar per kilo (based on free market exchange rates). Onion is an important part of the food basket for working class Iranians, who earn around $100-130 a month. The price for more expensive foods, such as meat is ten …

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Latest Report Says Annual Inflation Close To 50 Percent In Iran

PayvandNews – At the end of the Iranian year on March 20, inflation figures heralded a tough time ahead for ordinary Iranians, as price rises neared 50 percent in the last 12 months. From March 2018 to March 2019, goods and services became 47.5 percent more expensive, in what is the worse inflation number in the past five years, Iran …

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Iran brings in New Year by focusing on domestic production

Al-Monitor – Supreme Leader Ayatollah Ali Khamenei has declared the upcoming Iranian New Year “Pickup in Production.” This means at the very least that future speeches and slogans will have a heightened focus on the state of the economy, which is currently struggling in part due to US sanctions that were reimposed after the Donald Trump administration’s withdrawal from the Joint Comprehensive …

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Iran’s Khamenei calls economy ‘urgent problem’

Al-Arabia – Iran’s Supreme Leader Ayatollah Ali Khamenei called the economic difficulties of Iranians the main and most urgent problem of the country in a message aired Thursday on state TV. Iran has faced increased economic hardship in the last 12 months, which was aggravated after US President Donald Trump withdrew from the 2015 nuclear deal between Iran and world …

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Road map for Iran-EU trade and investment relations

Al-Monitor – The reimposition of secondary US sanctions and the consequent hesitation of international banks, European export credit agencies and enterprises to engage Iran have severely undermined the potential for Iran-EU trade. The establishment of the Instrument to Support Trade Exchanges (INSTEX) can be seen as a positive step forward, but it is yet to become operational. In the meantime, …

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Rouhani Promises Wage Increases As High Inflation Persists

Radiofarda – Iranian President Hassan Rouhani has promised a 20 percent increase in public sector employee salaries beginning in the new year, which starts March 21, according to the Persian calendar. The announcement comes as a surprise, since earlier in the month Rouhani’s government had said it could not guarantee the wage increases approved by Parliament. Speaker of the parliament …

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US Vows to Pursue Ship Owners Who Violate Iran Oil Sanctions

VOA – A senior U.S. official says Washington is monitoring ships involved in clandestine transfers of Iranian oil and will hold anyone involved in such transfers responsible for violating U.S. sanctions against Iran. “We are closely tracking ship-to-ship transfers of [Iranian] oil to evade our oil sanctions,” said Deputy Assistant Secretary of State for Counter Threat Finance and Sanctions David …

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Iran Says ‘Don’t Expect Miracles’ From European Trade Mechanism

Radiofarda – There has been yet another signal from Islamic Republic officials that Tehran does not pin high hopes on the trade mechanism offered by European powers to help Iran continue trade, despite U.S. sanctions. The spokesperson of Iran’s foreign ministry, Bahram Ghasemi (Qassemi) told the local Young Journalists’ Club website on March 19 “You should not have hopes for …

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Iranians Need Jobs, Not Curses, U.S. Diplomat Tells Rohani

RFL/RE – A senior U.S. diplomat has told President Hassan Rohani that he should give Iranians jobs and employment instead of urging them to curse the United States for their country’s deteriorating economic situation. In a tweet in Persian on March 19, U.S. special representative for Iran Brian Hook, who sometimes responds to similar statements by senior Iranian officials, said: “In response …

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Iran Officials Pessimistic About Europe, Demand Guarantees Of Trade

Radiofarda – Secretary of Iran’s Expediency Discernment Council, Mohsen Rezaei, says the EU needs to Guarantee oil purchase from Iran if it wants Iran to ratify the bills required by FATF, the Financial Action Task Force. Two of the four bills that would join Iran to international conventions against money laundering and funding terrorism and ensure transparency of the Islamic …

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