EghtesadOnline: The Purchasing Managers’ Index for Iran’s overall economy stood at a 23-month low in the last fiscal month (March 21-April 20).
EghtesadOnline: Funding via the money and capital markets reached close to 36,860 trillion rials ($131 billion) in fiscal 2021-22.
EghtesadOnline: In the Iranian economy, political and ideological issues have become the prime concerns of economic decision-makers, which is a repeat of the Soviet Union experience and can take the economy into dangerous territory.
EghtesadOnline: Head of the Central Bank of Iran and the Minister of Industries this week underlined the need to promote non-oil exports.
EghtesadOnline: New data on Purchasing Managers’ Index for Iran’s overall economy declines for the third consecutive month.
EghtesadOnline: In a meeting with CEOs of state-owned banks on Tuesday the Economy Minister Ehsan Khandouzi instructed them not to arbitrarily raise lending rates.
EghtesadOnline: Between 30% and 40% of Iran’s exports to Afghanistan are undertaken by Afghan migrants in Iran, according to the director general of the Export Expansion Department of the Trade Promotion Organization of Iran.
EghtesadOnline: Besides the increase in money supply, monetary base and inflation, sanctions have played a key role in the volatility of foreign exchange rates in Iran’s economy, Hadi Haqshenas, an economic expert, said in a write-up for Persian daily Ta’adol. A translation of the text follows:
EghtesadOnline: Mohsen Jalalpour, the former president of Iran Chamber of Commerce, Industries, Mines and Agriculture, has spelt out Iran’s most persistent problems in economic policymaking in a write-up for the Persian monthly journal Ayandehnegar.
EghtesadOnline: The tax-to-GDP ratio stood at 4.2% in the first quarter of the current fiscal year (March 21-June 21), indicating a 2.4% decline compared with the corresponding quarter of last year, Tehran Chamber of Commerce, Industries, Mines and Agriculture reported, citing the Treasury.