EghtesadOnline: Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20.
EghtesadOnline: The Central Bank of Iran in a directive has ordered banks and credit institutions to send it the names of the checkbook holders who have had more than 20 bounced checks times.
EghtesadOnline: Iran’s economy is facing 13 monumental challenges that have built up over the past decades, after it emerged from the shadows of oil revenues when the US reimposed sanctions on the country, Vahid Shaqaqi-Shahri, a university professor and economist, says.
EghtesadOnline: China invested $26.92 billion in Iran from 2005 to 2019.
EghtesadOnline: A group of banking experts, including former governors of Central Bank of Iran, has criticized provisions of a new banking bill as ambiguous, impractical and lacking informed analysis.
EghtesadOnline: What if American sanctions remain in place for the next year? Will their effects be any worse than what was experienced in the past two years? How is it possible to enhance economic stability under sanctions?
EghtesadOnline: Having accomplished one goal of bringing a semblance of stability to currency market, the Central Bank of Iran will now concentrate on controlling inflation, the governor said.
EghtesadOnline: Trade between Iran and EU member states during the first 11 months of 2019 stood at €4.73 billion to register a 73.45% plunge compared with last year’s corresponding period, latest data released by the European Statistical Office show.
EghtesadOnline: The first transactions were reported under the newly unveiled Open Market Operation on Saturday when 10,000 treasury bills were traded between the Central Bank of Iran and a bank in need of liquidity, an Iran Fara Bourse official said.
EghtesadOnline: Iran’s central bank said an Italian court has rejected a lawsuit filed by American plaintiffs over seizure of the bank’s assets in the country worth $5.99 billion.