EghtesadOnline: A total of 667,000 checks worth 104 trillion rials ($779 million) bounced during the calendar month to December 21, the Central Bank of Iran reported.
EghtesadOnline: Iran’s commercial exchanges with its biggest trading partner China amounted to $23.02 billion in 2019 to register a decline of 34.3% compared to 2018.
EghtesadOnline: Newly announced US sanctions aimed at harming petroleum and petrochemical trade between Iran and China will not substantially impact China's status as the top importer of Iranian crude, analysts said.
EghtesadOnline: It was a strongly-held belief that the abundance of natural resources (such as fossil fuels and certain minerals) in a country engenders economic growth.
EghtesadOnline: Iran’s Corruption Perceptions Index dropped by two points in 2019 to score 26 out of 100, according to a report by the global graft monitor Transparency International.
EghtesadOnline: Central Bank of Iran has allocated up to 700 trillion rials ($5.3 billion) to companies via the CBI’s new funding scheme dubbed the ‘Productive Credit Certificate’, the bank’s governor said.
EghtesadOnline: The Industrial Management Institute has placed three privatized lenders atop its list of the largest domestic banks in fiscal year 2019-2020.
EghtesadOnline: The Statistical Center of Iran has reviewed producer price changes for the services sector in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) in its latest report.
EghtesadOnline: Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October 22), according to the Central Bank of Iran.
EghtesadOnline: Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20.