Iran to Allow Businesses Use Cryptos for Int’l Settlements

EghtesadOnline: The Central Bank of Iran and the Ministry of Industries, Mining and Trade have reached agreement to link the CBI crypto platform to the Comprehensive Trade System, which allows businesses make use of cryptocurrency to settle payments to foreign partners, the head of the Trade Promotion Organization of Iran said.

Businesses Concerned About Liquidity Crunch After Lifting of Forex Subsidies

EghtesadOnline: The reported government move to eliminate forex subsidies for import of basic goods would pose importers with new liquidity problems, businesspeople say.

Businesses Reopen After Lockdown

EghtesadOnline: Following the six-day lockdown, all businesses, with the exception of those listed below, may resume operations as of Aug. 22, according to an announcement of Iran Chamber of Guilds.

What happened to trading businesses during Covid-19

Power Outages Inflict Losses on Businesses

EghtesadOnline: Tehran Chamber of Commerce, Industries, Mines and Agriculture says recent power outages have inflicted between 1-5 billion rials ($4,000-20,000) worth of losses on businesses.

Gov’t Doled Out $3.3 Billion in Covid-19 Financial Assistance

EghtesadOnline: The government has extended a total of 770 trillion rials ($3.37 billion) in financial assistance to households, businesses, the unemployed and the heath sector in the last fiscal year (March 2020-21).

Covid Curbs Eased on Businesses

EghtesadOnline: The National Coronavirus Headquarters has agreed that restrictions imposed on Group II of jobs in the high-risk red and orange zones for coronavirus transmission, including Tehran’s Grand Bazaar and shopping malls, should be relaxed.

699K Jobs Salvaged by Covid-19 Relief Aid Given to Businesses

EghtesadOnline: A total of 699,000 jobs were safeguarded throughout the coronavirus crisis as a result of loans extended by the government to businesses under the Covid-19 relief assistance program.

New Covid Surge Could Close 1 Million Businesses

EghtesadOnline: Iran Chamber of Guilds has issued a statement expressing concerns regarding the economic implications of a new surge in Covid-19 cases.

Debt Relief for Virus-Hit Businesses

EghtesadOnline: The Central Bank of Iran on Saturday announced financial relief to businesses battered by months of lockdowns to curb the Covid-19 pandemic.