EghtesadOnline: Consumer inflation in Iran registered a year-on-year increase of 51.4% in the month to April 20 compared with the similar month of last year, the Statistical Center of Iran's latest report shows.
EghtesadOnline: More than 2.26 quadrillion rials ($16.49 billion) worth of investments are estimated to have been made in Iran's industrial units, for which establishment permits were issued and 474.96 trillion rials ($3.46 billion) were invested in projects for which operating licenses were issued in the 10 months to Jan. 20.
EghtesadOnline: The National Iranian Oil Refining and Distribution Company has so far received no order from the Oil Ministry to raise gasoline prices or reintroduce the gasoline rationing system that ended in 2015, a spokeswoman of the company said on Saturday.
EghtesadOnline: Iran traded 43.94 million tons of non-oil commodities worth $23.68 billion with BRICS nations during the 11 months to Feb. 19, registering a 9.47% and 8.34% decline in tonnage and value respectively compared with last year’s corresponding period.
EghtesadOnline: The governor of the Central Bank of Iran discussed bilateral banking and monetary cooperation with senior Swiss and Turkish diplomats on Thursday.
EghtesadOnline: The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday.
EghtesadOnline: According to a report published by National Development Fund of Iran on its website, the sovereign wealth fund, the fund gave foreign currency loans through 20 agent banks in the first 9 months of the previous year (March 21-Dec. 21 2018).
EghtesadOnline: Iran traded 4.39 million tons of non-oil commodities worth $2.34 billion with Caspian Sea littoral states during the 11 months to Feb. 19 to register a 22.99% and 32.1% growth in tonnage and value respectively compared with last year’s corresponding period.
EghtesadOnline: The Majlis has asked the government to eliminate the policy of compound interest rates in banks to help promote domestic production, and the Rouhani administration is expected to inform lawmakers about what it thinks of the prospect.
EghtesadOnline: The plan to remove four zeros from the rial is on the government agenda, again. The oft-mentioned move was proposed in the past by Central Bank of Iran as part of a broader plan to revisit the monetary system.