EghtesadOnline: The governor of the Central Bank of Iran, who took the reins of the policymaking body late last month, has outlined his top priorities for solving the problems and instilling stability in the economy.
EghtesadOnline: Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit (CD) at interest rates higher than the current ceiling, reinforcing months-long speculations that the regulator will raise interest rates.
EghtesadOnline: Over the past week, the value of Turkish lira collapsed yet another time. At first glance, this seems like a problem peculiar to Turkey, but economists are warning that the Turkish lira’s slide will have a ripple effect on Iran’s economy.
EghtesadOnline: Just a few weeks ago, it seemed that the Iran nuclear deal could be saved. Now, it is highly likely that, even if the agreement is not formally cancelled, it will soon become a facade without any real meaning.
EghtesadOnline: Telecoms Minister Mohammad Javad Azari Jahromi has urged the Central Bank of Iran to help crack down on online gambling which, he warned, is spreading at an alarming rate.
EghtesadOnline: The implementation of new foreign exchange policies by the Iranian government has meaningfully curbed unnecessary demand for cheap currency, the industries minister said.
EghtesadOnline: Amendments to the CFT (Combating Financing of Terrorism) Law of the Islamic Republic of Iran were finally approved by the Guardians Council on Aug. 1 and have been notified by the president to related ministries on Aug. 11.
EghtesadOnline: Prices of gasoline and oil derivatives will experience no change until the end of the current fiscal year that started on March 21.
EghtesadOnline: “This does not violate United Nations Security Council resolutions or China’s promised international obligations, nor does it harm the interests of any other country, and should be respected and protected,” the ministry added.
EghtesadOnline: Finance agreements Iran signed with China and Russia after the 2015 multilateral nuclear accord are still valid, despite the US reimposition of sanctions against Tehran, an official at the Organization for Investment, Economic and Technical Assistance of Iran said.